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INTRODUCED BY: Mr. Crow DATE: September 22, 2008 BILL NO. 9008 ORDINANCE NO. 6758 AN ORDINANCE AMENDING CHAPTER 2.34 OF THE MUNICIPAL CODE OF THE CITY OF UNIVERSITY CITY, MISSOURI RELATING TO THE CITY'S TAX INCREMENT FINANCING COMMISSION. WHEREAS, the Real Property Tax Increment Allocation Redevelopment Act, Sections 99.800 to 99.865 of the Revised Statutes of Missouri, as amended (the "TIF Act"), authorizes municipalities to undertake redevelopment projects in blighted, conservation or economic development areas, as defined in the Act; and WHEREAS, in 1996 the City Council of the City of University City, Missouri (the "City") established the Tax Increment Financing Commission of the City of University, Missouri (the "TI F Commission"); and WHEREAS, the City wishes to amend its municipal code provisions relating to the TIF Commission to comply with House Bill 2058 and Senate Bill 718, both truly agreed and finally passed during the 2008 General Assembly session and signed by the Governor of Missouri; and WHEREAS, pursuant to Section 99.820.1 of the TIF Act, the City wishes to establish written procedures relating to bids and proposals for the implementation of redevelopment projects; NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF UNIVERSITY CITY, MISSOURI, AS FOLLOWS: Section 1. Section 2.34-010 of the Municipal Code of the City of University City, Missouri is hereby amended to read as follows: 2.34-010 Established-Composition. There is hereby established the Tax Increment Financing Commission of the City of University City, Missouri (the "TIF Commission"). The TIF Commission shall consist of twelve (12) members to be appointed as follows: A. Six (6) members appointed by the St. Louis County Executive; B. Three (3) members appointed by the cities, towns, or villages in St. Louis County which have tax increment financing districts, in a manner in which the chief elected officers of such cities, towns or villages agree; C. Two (2) members appointed by the school boards whose districts are included in St. Louis County, in a manner in which the school boards agree; and D. One (1) member appointed by all other districts levying ad valorem taxes in the proposed redevelopment area, in a manner in which all such districts agree.