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Session 1562, Minutes January 27, 1992 Page 10 Councilmembers Price, Adams, Wagner, Schuman, Schoomer, arrl Mayor Majerus. NAYS: None. ABSENT: CouncilJnember 'lbompson. Bill No. 8053 became ordi- nance No. 5842. Mayor Majerus suggested that councilmembers call the real estate board office if signs are illegally placed or left up too long. She thanked Mr. Schoomer arrl the Real Estate Board for their cooperation in reaching what seem to be satisfactory solutions for all concerned. BILL FOR INI'ROIlJCrION BILL NO. 8054 - AOOPI'lliG TAX lliCREMENI' ALlOCATION FUNDING 'IO FINANCE CERI'AIN REDEVElOIMENT Ac:rIVITIES WI'IHIN '!HE OLIVE BXJIEVARD CENTRAL TAX lliCREMENT FI- NANCE DISTRIcr. A bill was introduced by eouncilJnember Schoomer, entitled: "AN ORDINANCE AOOPI'lliG TAX lliCREMENT ALlOCATION FUNDING FOR '!HE RJRroSE OF FINANCING CERI'AIN REDEVElOIffiNl' Ac:rIVITIES WI'IHIN '!HE OLIVE BXJIEVARD CENTRAL TAX lliCREMENT FINANCE DISTRIcr; APPROVING '!HE SAID FINANClliG 'lHEREFOR; PRO- VIDlliG FOR A SUBAccnuNI' 'IO FINANCE CERl'AIN IMPROVEMENTS lli '!HE AREA; AUlliOR- IZING '!HE CITY 'IO ENTER lli'IO A IDAN AGREEMENT, A NON-ARBITRAGE CERI'IFICATE, AND A pI.EIX;E AGREEMENT, AND 'IO ISSUE A TAX-EXEMPl' TAX INCREMENT ANI'ICIPATION NOTE. II The bill was assigned No. 8054 and given its first reading. Mr. Jim Holtzman, Executive Director of the Tax Increment Financing Commis- sion was introduced and responded to questions. Mayor Maj ems said the Com- mission is moving ahead in fine fashion and doing an outstanding job of help- ing to ensure an excellent future for university city. CDUNCIIMEMBER CXl>1MENI'S Mrs. Schuman, referring to the conunents of Mr. Boyce and Mr. smith, said that several Plan Commission members also expressed frustration at the lack of tools available to deal with the problem mentioned. She asked that the Plan"'- ning staff and Plan Commission discuss this matter further. Mr. Schoomer moved that a resolution be drafted that expresses the City Coun- cil's support of the School Board's decision to ask voters to approve a tax increase and bond issue at the April 7, 1992 election. Mr. Wagner seconded the motion, which carried unanimously. Mayor Majerus recalled that the state legislature passed a bill last year that adds a Missouri use tax on gocrls bought outside Missouri and brought in- to the state; that legislation is ncM being challenged in court by several large companies. She said Missouri Attorney General Webster will defend the suit, but Senator Goode has asked that as much communication as possible in support of the legislation be sent to Mr. Webster. She proposed to write a letter of support, signed by the entire Council. All agreed.