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Section 5. Section 2.34-060 of the Municipal Code of the City of University City, Missouri is hereby created to read as follows: 2.34-060 TIF Commission Procedures. The City hereby adopts the following procedures for bids and proposals for the implementation of redevelopment projects: A. The City or the TIF Commission shall solicit proposals with respect to the implementation of each proposed redevelopment project. B. Each request for proposals shall state the primary objectives of the proposed redevelopment area or redevelopment project. C. Each request for proposals (or notice thereof) shall be mailed to those persons or firms that the City's director of community development or the City's planning consultant determines might be interested in submitting a bid, and shall be published in a newspaper of general circulation in the City. Each request for proposals shall provide at least 30 days for the submission of a proposal. D. Each proposal must demonstrate that "but for" the use of tax increment financing, the project is not feasible and would not be completed. E. Criteria for the selection of proposals will include the impact of the proposed project on the City and other taxing jurisdictions, including the projected term for which tax increment financing will be utilized. The City or the TIF Commission may establish such additional criteria as it deems appropriate for the selection of bids and proposals. Each request for proposals shall provide reasonable opportunity for any person to submit alternative proposals or bids. Section 6. The sections of this Ordinance shall be severable. If any section of this Ordinance is found by a court of competent jurisdiction to be invalid, the remaining sections of this Ordinance are valid, unless the court finds the valid sections of the Ordinance are so essential and inseparably connected with and dependent upon the void section that it cannot be presumed that this City Council would have enacted the valid sections without the void ones, or unless the court finds that the valid sections standing along are incomplete and are incapable of being executed in accordance with the legislative intent. Section 7. This Ordinance shall take effect and be in full force from and after its passage. PASSED this 6th day of October, 2008.