99.921. Downtown economic stimulus authority authorized, limitations.

MISSOURI STATUTES AND CODES

99.921. Downtown economic stimulus authority authorized, limitations.

Downtown economic stimulus authority authorized, limitations.

99.921. Each municipality may create an authority to be known as a"Downtown Economic Stimulus Authority"; provided, however:

(1) No such authority shall transact any business or exercise itspowers pursuant to sections 99.915 to 99.980 until and unless the governingbody of such municipality shall, in accordance with subsection 1 of section99.948, approve, by ordinance, the exercise of the powers, functions, andduties of an authority under sections 99.915 to 99.980;

(2) No governing body of a municipality shall adopt an ordinancepursuant to subdivision (1) of this section unless it finds:

(a) That it would be in the interest of the public to consider theestablishment of a development area in accordance with sections 99.915 to99.980;

(b) That the development of such a development area would be in theinterest of the public health, safety, morals, or welfare of the residentsof such municipality; and

(c) That it is anticipated that such a development area can berenovated through a series of one or more development projects;

(3) Cities, villages, and census-designated places located whollywithin a county of the first classification with a population of more thanone million, according to the last decennial census, shall undertakedowntown development financing as allowed for pursuant to sections 99.915to 99.980 through a countywide downtown economic stimulus authority. Thiscountywide authority shall have the same powers, functions, and duties ofan authority pursuant to sections 99.915 to 99.980. In addition, thecountywide downtown economic stimulus authority shall be responsible forcoordinating municipal downtown development financing activities in such away as to discourage fiscal competition and promote mutual benefits amongthe affected local jurisdictions. Each countywide downtown economicstimulus authority shall be governed by a board of commissioners. In anycounty of the first classification with a population greater than onemillion, the authority shall be comprised of fifteen members. Threemembers shall be appointed by the county executive. Three members shall beappointed by the county council to represent class A cities and threemembers shall be appointed to represent class B cities, as both are definedin section 66.620, RSMo. The remaining six members shall be appointed bythe county executive with the approval of the county council, of whichmembers at least three will represent school districts within the countyand the remainder shall represent other political subdivisions levying advalorem taxes in the county. The term of office for each member shall beat the discretion of the appointing jurisdictions.