Hallsville Creation and Organization ordinance (§ 135.060)

A. There is created pursuant to Section 99.820.2, RSMo. of the Act, a commission, to be known as the "Tax Increment Financing Commission of Hallsville, Missouri," hereafter referred to as the "Commission." The Commission shall have continuous existence unless and until terminated by the adoption of an ordinance of the Board of Aldermen of the City of Hallsville, terminating it.

1. The Commission shall be composed of eleven (11) members, to be appointed as follows:

a. Two (2) members shall be appointed by the Hallsville R-IV School Board. The manner of selection of the members is left to the discretion of the members of the Board.

b. Six (6) members shall be appointed by the Mayor of the City of Hallsville, with the consent of the majority of the Board of Aldermen.

c. One (1) member shall be appointed in any manner agreed upon by all other affected taxing entities, to represent those taxing entities.

d. Two (2) members shall be appointed by the Presiding Commissioner of Boone County, Missouri, with the consent of the majority of the County Commission.

e. If any school district or other taxing jurisdiction falls to appoint members of the Commission within thirty (30) days of receipt of written notice, the remaining members may proceed to exercise the powers of the Commission.

2. The Commission, upon appointment of the six (6) members by the Mayor with the consent of the Board of Aldermen, shall organize itself and elect from its number a chairman, vice chairman, treasurer and secretary. These elected positions shall serve for a one-year term or until their successors are elected.

a. Terms Of Members Appointed By Mayor.

(1) With regard to the six (6) appointments made by the Mayor with the consent of the Board of Aldermen, the terms shall be set as follows:

(a) Two (2) shall be designated to serve for terms of two (2) years.

(b) Two (2) shall be designated to serve for terms of three (3) years.

(c) Two (2) shall be designated to serve for terms of four (4) years.

(2) Thereafter, members appointed by the Mayor with the consent of the Board of Aldermen shall serve for a term of four (4) years and all vacancies shall be filled for unexpired terms in the same manner as were the original appointments.

b. The members who were appointed by the school board, the County or other taxing districts shall serve on the Commission for a term which coincides with the length of time such redevelopment project, redevelopment plan and/or description of a redevelopment area is considered for approval of the Commission and upon final approval by the Board of Aldermen of the redevelopment project, the redevelopment plan or designation of the redevelopment area, the terms of those members affiliated with the school district, the County and other involved taxing districts shall terminate. The Commission at this time will revert to the six (6) members as appointed by the Mayor and approved by the members of the Board of Aldermen.