2006-12-11 Council Agenda - Laserfiche WebLink

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B. The Board may consider and recommend using funds received from the tax for plans, projects, or area designations outside the boundaries of the City if, and only if: 1. The City receives significant economic benefit from the plan, project, or area designation; and 2. The Board establishes an agreement with the governing bodies of all cities and counties in which the plan, project or area designation is located detailing the authority and responsibilities or each governing body with regard to the plan, project, or area designation. Section 2.41.080 Annual reports. A. The Board and the City Council shall report at least annually to the City Council and any other governing body of the city or county on the use of the funds provided under this Chapter and on the progress of any plan, project, or designation adopted under this Chapter and shall make such report available to the public. B. Not later than the first day of March each year the Board shall submit to the Missouri Joint Committee on Economic Development a report, not exceeding one page in length, which must include the following information for each project using the tax: 1. A statement of its primary economic development goals; 2. A statement of the total economic development sales tax revenues received during the immediately preceding calendar year; 3. A statement of total expenditures during the preceding calendar year in each of the following categories: a. Infrastructure improvements; b. Land and or buildings; c. Machinery and equipment; d. Job training investments; e. Direct business incentives; f. Marketing; g. Administration and legal expenses; and h. Other expenditures. Section 2. This ordinance shall not be construed so as to relieve any person, firm or corporation from any penalty heretofore incurred by the violation of Title 2 of the University City Municipal Code, nor bar the prosecution for any such violation. 20