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B. By-Laws - The Advisory Commission shall make and adopt such By-Laws, rules and regulations for their own guidance and for the administration of the District as may be appropri- ate, but not inconsistent with the ordinances of the City of University City or the Statutes of the State of Missouri. C. Development Plan - The Advisory Commission shall be respon- sible for the development and maintenance of an overall plan of action for the District. This plan will be construed to be the major policy instrument of the District, and all expenditures and activities are to be reviewed in light of the plan. The Advisory Commission shall be required to hold at least one meeting a year to which all individuals owning property and/or operating a municipally licensed business within the boundaries of the District are actively encouraged to attend with the expressed purpose of reviewing and updating the plan. D. Budget - The Advisory Commission shall be required to create and maintain a line-item budget for any existing revenue and the anticipated revenue of the District for the year following the date of the last-published budget. Said budget must be published annually and submitted to the City Council for approval by the first of July. Prior to the submittal of the budget to the City Council the Advisory Commission shall be required to hold at least one meeting to which all individuals owning property and/or operating a municipally licensed business within the boundaries of the district are actively encouraged to attend with the expressed purpose of reviewing the proposed budget. The Advisory Commission may make recommendations for the modi- fication or elaboration of the budget to the City Council at any time. E. Annual Report - The Advisory Commission shall be required to submit an annual report of its activities to the City Council by the first of July of each year. This report should inventory the projects undertaken by the District in the preceding year and their status, minute of all meetings held by the Advisory Commission and any of its committees, relevent correspondence, a copy of the latest plan adopted for the District, a financial report of the District, a 5 statement by the Executive Committee on the status of the effectiveness of the District, and such other items as may be deemed relevant by the Advisory Commission. Upon receipt of the Annual Report the City Council shall place same on file with the City Administrator and note that it is available for public inspection. Section 2. This ordinance shall be in full force and effect after its passage and approval as provided by law. PASSED this 25th day of 1983. MAYOR ATTEST: CITY CLERK CERTIFIED TO BE CORRECT AS TO FORM: ^CITY AT RNEY 2