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HomeMy WebLinkAbout1998-14 - Amendment to the Composition of the TIFCBILL NO. 98_~~ ORDINANCE NO.~~-'~-~ AN ORDINANCE Ai~fENDING THE COMPOSITION OF THE TAX INCREMENT FINANCING COMMISSION OF RIVERSIDE, MISSOURI PURSUANT TO § 99.800 TO § 99.86, INCLUSIVE, OF THE REVISED STATUTES OF MISSOURI, KNOWN AS THE REAL PROPERTY TAX INCREMENT ALLOCATION REDEVELOPMENT ACT. WHEREAS, Riverside, Missouri (the "City") is a City of the fourth class and a political subdivision of the State of Missouri, duly created, organized and existing under the Constitution and the laws of the State of Missouri; WHEREAS, the iViissouri General Assembly in House Bills Nos. l~l and 587 enacted the Real Property Tax Increment Allocation Redevelopment Act (the "Act"), which Act is now effective as amended; WHEREAS, § 99.8?0.2 of the Act required the governing body of the City to create a tax increment financing commission of nine (9) persons to be appointed in such manner and to serve such terms as provided by the Act prior to the adoption of an ordinance approving the designation of a redevelopment area, plan or project under the Act; and WHEREAS, the Tax Increment Financing Commission of Riverside, Missouri (the "Commission") composed of nine (9) members was created pursuant to Ordinance No.9.~ ~ , a ted by the Board of Aldermen of Riverside, Missouri (the "Board of Aldermen") on . /~ /99S ;and WHEREAS, the >Vfissouri General Assembly in Senate Bill No. 1 enacted in 1997 amended § 99.820.? of the Act to require that the Commission be composed of two (2) additional members to be appointed in such manner and to serve such terms as provided by the Act; and WHEREAS, the City desires to amend the composition of the Commission pursuant to the Act as amended by Senate Bill No. 1; NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF ALDERMEN OF RIVERSIDE, MISSOURI: Section 1. Unless specifically amended herein, the terms and provisions of Ordinance No. ~~~ and the powers and authority granted to the Commission thereby shall remain in effect. Section 2. The Commission shall be composed of eleven (11) members to be appointed as follows: (A) Within thirty (30) days after the receipt of notice of a proposed redevelopment area, redevelopment plan or redevelopment project required by § 99.830 of the reum~:oooor~.nwzl Ivuary l6, 19A Act, two members shall be appointed by the school boards, whose districts are included within such redevelopment plan or redevelopment area. The manner of selection of the members is left to the discretion of the affected districts. (B) Within thirty (30) days after the receipt of notice of a proposed redevelopment area, redevelopment plan or redevelopment project required by § 99.830 of the Act, one member shall be appointed, in any manner agreed upon by the affected districts, to represent all other districts levying ad valorem taxes (excluding the representatives of the Board of Aldermen of the City) within the area selected for a redevelopment plan or redevelopment area. (C) Within thirty (30) days after the receipt of the notice of a proposed redevelopment area, redevelopment plan, or redevelopment project required by § 99.830 of the Act, two (2) members shall be appointed by the county in which such redevelopment area, redevelopment plan, or redevelopment project is located to be appointed by the chief elected officer of the county with the consent of the majority of the governing body of the county. (D) If any school district, county, or other taxing jurisdiction fails to appoint members of the Commission within thirty (30) days of receipt of written, notice of a proposed redevelopment plan, redevelopment project or designation of a redevelopment area, the remaining members may proceed to exercise the power of the Commission. (E) Six members shall be appointed by the Mayor of the City, with the consent of the Board of Aldermen. Section 3. The terms of the members shall be as set forth in § 99.820.2 of the Act and at the option of the members appointed by the Mayor with the consent of the Board of Aldermen, the members who are appointed by the school board and other taxing districts may serve on the Commission for a term which coincides with the length of time such redevelopment project, redevelopment plan, and the designation of the redevelopment area for which they were appointed is being considered for approval by the Commission or for a definite term. If the members representing school districts and other taxing districts are appointed for a term coinciding with the length of time a redevelopment project, plan, or area is considered for approval, such term will terminate upon final approval of such redevelopment project, redevelopment plan, or designation of the redevelopment area by the Board of Aldermen. Section 4. Those Commission members who are appointed by the school boards or other taxing districts shall only be authorized to vote on matters specifically and directly relating to the redevelopment plan, redevelopment project or redevelopment area upon which their affected taxing districts levy ad valorem taxes unless said Commission members are authorized by the Commission members appointed by the Mayor with the consent of the Board of Aldermen to vote on additional matters. I',61~92',W001'DMH I~®ry t6, 199! PASSED this ~A~day of ~ 199. F A EST: .~GPJ CITY CLERK CITY OF RNERSIDE, MISSOURI Ivry l6. 199C