Section 110-040; Policy Res. 13-09; Adopting procedures for soliciting bids and proposals for tax increment financing projects under the Real Property Tax Increment Allocation Act


Council Bill No. PR 13-09


     A POLICY RESOLUTION

adopting procedures for soliciting bids and proposals for tax increment financing projects under the Real Property Tax Increment Allocation Act.

    WHEREAS, pursuant to Section 99.820.1(3) of the Revised Statutes of Missouri, the City is required to establish written procedures relating to bids and proposals for implementation of redevelopment projects; and

    WHEREAS, the City of Columbia has prepared and desires to adopt Procedures for Soliciting Bids and Proposals for Tax Increment Financing Projects (the “RFP Policy”).

    NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLUMBIA, MISSOURI, AS FOLLOWS:

    SECTION 1.    The RFP Policy attached as Exhibit A is approved and adopted.

    SECTION 2.     City staff and the City’ s TIF Commission are hereby authorized to take any and all actions as may be deemed necessary to carry out and comply with the RFP Policy.

    SECTION 3.    This policy resolution shall take effect immediately upon passage by the City Council.

    ADOPTED this 20th day of January, 2009.