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Section 5. Tax Abatements: No real property within the District sub- Ject to partial tax abatement under the provisions of the Urban Redevelopment Ordinance No. 5085, and/or the Urban Eedevelopment Corporations Law of Missouri~ shall be exempt from the taxes levied in Section 4 of this ordinance. Section 6. Bonds: For the purposes of paying all costs and expenses to be incurred in the acquisition, construction~ improvement, and/or expansion of any of the facilities of the District, the District may incur indebtedness and issue general obligation and/or revenue bonds, or notes for the payment thereof, subject to the requirements for such instruments found in the Missouri Revised Statutes. Section 7. Advisory Commission: The City Council shall have sole discretion as to how the revenues of the District shall be used within the scope of this ordinance. To assist in exercising this discretion, a University City Special Business District Advisory Commission is hereby created: Membership - The Advisory Commission shall consist of seven (7) members, chosen from individuals who own prop- erty or operate a municipally licensed business within the boundaries of the District, with reference to their fitness for such offices. No m~mher of the municipal government shall be a member of the Advisory Connission. Term of Office - Upon passage and approval of this ordi- nance, the Mayor, with the approval of the City Council, shall appoint the members of said Advisory Commission, who shall hold office: Two (2) for one year, two (2) for two (2) years ~n~d hree (3) for three (3) years, from the first of~following their appointment. The membe~2_2hall~.ast loAs at their first regular meet~-8 to determine their respective terms. Annually thereafter the Mayor shall, before the first of January of each year, appoint, as before, replacement members for those members whose term expires and those replacement members shall hold office for three (3) years, and/or until their successors ere appointed. Dismissals - The tit7 Council may remove any member of the Advisory Counnission for misconduct or neglect of duty. Vacancies - Vacancies on the Advisory Commission, occa- sioned by removal, resignation or otherwise, shall be reported to the City Council and shall be filled in like manner as normal appointments within thirty (30) days of the report to the Council. Members appointed to fill vacancies shall assume the term of membership held by the vacated member. E. Compensation - No member of the Advisory Commission shall receive compensation for his duties. Conflict of Internst - No person shsall be~nploTed]~' the District who is related to a member of the Advisory Coauission either by blood or marriage, and no business shall be conducted with firms which are owned in whole, or part, by a person related to a member of the Advisory Commission either by blond or marriage. °3-