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2007-01-08 Council Agenda
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2007-01-08 Council Agenda
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VERSION 1 <br /> <br /> 5. Public facilities directly related to economic development and job <br /> creation; and <br /> 6. Providing matching dollars for State and Federal grants relating to <br /> such long-term projects. <br /> <br />C. The remaining revenue generated by the tax may be used for, but shall <br /> not be limited to the following: <br /> 1. Marketing; <br /> 2 Providing grants and loans to companies for job training, equipment <br /> acquisition, site development, and infrastructures; <br /> 3. Training programs to prepare workers for advanced technologies <br /> and high skill jobs; <br /> 4 Legal and accounting expenses directly associated with the <br /> economic development planning and preparation process; and <br /> 5. Developing value-added and export opportunities for Missouri <br /> agricultural products. <br /> <br />Section 2.41.060 Special taxing districts. <br /> <br />Notwithstanding any other provision of the law to the contrary, the tax, when <br />imposed within a special taxing district, including but not limited to a tax <br />increment financing district, neighborhood improvement district, or community <br />improvement district, shall be excluded from the calculation of revenues <br />available to such districts, and no revenues from theany tax shall be used for the <br />purposes of any such district unless recommended by the Board and approved <br />by the City Council. <br /> <br />Section 2.41.070 Duties of the Board. <br /> <br />A. The Board, subject to approval of the City Council, shall consider <br />economic development plans, economic development projects, or designations <br />of an economic development area, and shall hold public hearings and provide <br />notice of any such hearings. The Board shall vote on all proposed economic <br />development plans, economic development projects, or designations of an <br />economic development area, and amendments thereto, within thirty days <br />following completion of the hearing on any such plan, project, or designation, <br />and shall make recommendations to the City Council within ninety days of the <br />hearing concerning the adoption of or amendment to economic development <br />plans, economic development projects, or designations of an economic <br />development area. The City Council shall have the final determination on use <br />and expenditure of funds received from the tax. <br /> <br />B. The Board may consider and recommend using funds received from the <br />tax for plans, projects, or area designations outside the boundaries of the City if, <br />and only if: <br /> <br /> <br />
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