Missouri Revised Statutes
Chapter 99 - Municipal Housing
Section 99.1060 - Businesses relocating in development area, authority to report to department, when — status report submitted, contents — access to project sites — annual financial statements required.

Effective - 28 Aug 2003
99.1060. Businesses relocating in development area, authority to report to department, when — status report submitted, contents — access to project sites — annual financial statements required. — 1. By the last day of February each year, the municipality or authority shall report to the director of the department of economic development the name, address, phone number, and primary line of business of any business which relocates to the development area.
2. Each year the governing body of the municipality, or its designee, shall prepare a report concerning the status of the development plan, the development area, and the included development projects, and shall submit a copy of such report to the director of the department of economic development. The report shall include the following:
(1) The name, street and mailing addresses, phone number, and chief officer of the granting body;
(2) The name, street and mailing addresses, phone number, and chief officer of any business benefitting from public expenditures in such development plans and projects;
(3) The amount and source of revenue in the special allocation fund;
(4) The amount and purpose of expenditures from the special allocation fund;
(5) The amount of any pledge of revenues, including principal and interest on any outstanding bonded indebtedness;
(6) The original equalized assessed value of the development area;
(7) The assessed valuation added to the development area;
(8) Payments made in lieu of taxes received and expended;
(9) The economic activity taxes generated within the development area in the baseline year;
(10) The economic activity taxes generated within the development area after the baseline year;
(11) Reports on contracts made incident to the implementation and furtherance of a development area, the development plan, and the included development projects;
(12) A copy of the development plan;
(13) The cost of any property acquired, disposed of, rehabilitated, reconstructed, repaired, or remodeled;
(14) The number of parcels acquired by or through initiation of eminent domain proceedings;
(15) A summary of the number of net new jobs created, categorized by full-time, part-time, and temporary positions, and by wage groups;
(16) The comparison of the total employment in this state by the any business, including any corporate parent, benefitting from public expenditures in the development area on the date of the application compared to such employment on the date of the report, categorized by full-time, part-time, and temporary positions;
(17) A statement as to whether public expenditures on any development project during the previous fiscal year have reduced employment at any other site controlled by any business benefitting from public expenditures in the development area or its corporate parent, within or without of this state as a result of automation, merger, acquisition, corporate restructuring, or other business activity;
(18) A summary of the other community and economic benefits resulting from the project, consistent with those identified in the application;
(19) A signed certification by the chief officer of the authority or municipality as to the accuracy of the progress report; and
(20) Any additional reasonable information the department of economic development deems necessary.
3. The department shall compile and publish all data from the progress reports in both written and electronic form, including the department's internet website.
4. The department shall have access at all reasonable times to the project site and the records of any authority or municipality in order to monitor the development project or projects and to prepare progress reports.
5. Data contained in the report required pursuant to the provisions of subsection 1 of this section and any information regarding amounts disbursed to municipalities pursuant to the provisions of sections 99.1042 and 99.1048 shall be deemed a public record, as defined in section 610.010.
6. Any municipality failing to file an annual report as required pursuant to this section shall be ineligible to receive any disbursements from the state supplemental rural development fund pursuant to section 99.1048.
7. The Missouri agricultural and small business development authority and the department of economic development shall annually review the reports provided pursuant to this section.
8. The director of the department of economic development shall submit a report to the governor, the speaker of the house of representatives, and the president pro tempore of the senate no later than April thirtieth of each year. The report shall contain a summary of all information received by the director of economic development pursuant to subsection 2 of this section.
9. An annual statement showing the payments made in lieu of taxes received and expended in that year, the status of the development area, the development plan, the development projects in the development plan, the amount of outstanding obligations, and any additional information that the municipality deems necessary shall be published in a newspaper of general circulation in the municipality.
10. Five years after the establishment of the development area and the development plan and every five years thereafter the governing body of the municipality or authority shall hold a public hearing regarding the development area and the development plan and the development projects adopted pursuant to sections 99.1000 to 99.1060. The purpose of the hearing shall be to determine if the development area, development plan, and the included development projects are making satisfactory progress under the proposed time schedule contained within the approved development plan for completion of such development projects. Notice of such public hearing shall be given in a newspaper of general circulation in the area served by the municipality or authority once each week for four weeks immediately prior to the hearing.
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(L. 2003 H.B. 289)

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Structure Missouri Revised Statutes

Missouri Revised Statutes

Title VII - Cities, Towns and Villages

Chapter 99 - Municipal Housing

Section 99.010 - Designation of law.

Section 99.020 - Definitions.

Section 99.030 - Declaration and purpose of law.

Section 99.040 - Creating a housing authority — need of, how determined.

Section 99.050 - Commissioners — appointment — qualifications — term — compensation.

Section 99.051 - Additional provisions, additional commissioners, St. Louis City — to be tenants of housing authority — qualifications, vacancies.

Section 99.052 - Commissioner may be employee of city or county.

Section 99.053 - Appointment of additional housing commissioner authorized where necessary to comply with federal law.

Section 99.055 - Annual audit, content — annual hearings.

Section 99.060 - Commissioner or employee of authority to have no interest in any housing project.

Section 99.070 - Commissioner, how removed.

Section 99.080 - Authority to constitute municipal corporation — powers — profits — profits to be applied, how — agents of authority, restrictions.

Section 99.090 - Rentals, how fixed.

Section 99.100 - Rentals and tenant selection — duties.

Section 99.103 - Authority may not rent or lease to certain persons, when — reapplication, when (Kansas City).

Section 99.110 - Authority may join or cooperate with other authorities or with private entities — certain authorities not to establish additional units, when.

Section 99.120 - Acquisition of property.

Section 99.130 - Housing projects subject to local regulations.

Section 99.132 - Violations of city property maintenance code, liability — construction of new units (Kansas City).

Section 99.134 - Commissioners of housing authority — membership — terms (Kansas City).

Section 99.140 - Authority to have power to issue bonds — liability therefor.

Section 99.150 - Bonds, how issued — how sold — interest.

Section 99.160 - Powers of authority in connection with issuance of bonds.

Section 99.170 - State auditor to pass upon validity of bonds.

Section 99.180 - Rights of an obligee of an authority.

Section 99.190 - Rights of authority upon the happening of an event of default.

Section 99.200 - Real property of authority exempt from levy and sale by virtue of an execution.

Section 99.210 - Authority may borrow money or accept grants or assistance from federal government.

Section 99.220 - Authority to file report annually.

Section 99.225 - Funds to be used only for certain purposes.

Section 99.230 - Effect of sections 99.010 to 99.230.

Section 99.300 - Citation of law.

Section 99.310 - Declaration of policy.

Section 99.320 - Definitions.

Section 99.330 - Authority may be created, when.

Section 99.340 - Board of commissioners — appointment — qualifications — terms.

Section 99.350 - Board of commissioners — meetings — quorum — employees.

Section 99.360 - Regional authority — creation — area of operation increased, how.

Section 99.370 - Regional authority — commissioners — terms — additional commissioner appointed, when and how.

Section 99.380 - Commissioners — compensation — certificate of appointment.

Section 99.390 - Commissioner — misconduct in office — removal — procedure.

Section 99.400 - Commissioner not to acquire interest voluntarily in clearance project — penalty.

Section 99.410 - Resolution creating authority deemed conclusive, when — filing.

Section 99.420 - Powers of authority.

Section 99.430 - Preparation and approval of redevelopment and urban renewal plans — modification of plan.

Section 99.450 - Authority may dispose of property, how.

Section 99.460 - Power of eminent domain — procedure.

Section 99.470 - Vacant land may be developed, when.

Section 99.480 - Bonds — authority to issue — how paid.

Section 99.490 - Bonds — conditions — interest rate — to be sold at par.

Section 99.500 - Bonds — commissioners not personally liable — not to constitute debt of a political subdivision or state — exempt from income taxes.

Section 99.510 - Commissioner's signature on bonds — validity — bonds deemed to be issued for lawful purpose.

Section 99.520 - Bond issues — additional powers of authority.

Section 99.530 - Default of bonds — rights of obligee.

Section 99.540 - Obligee — additional rights.

Section 99.550 - Bonds — who may invest in.

Section 99.560 - Authority may convey property to federal government in case of default.

Section 99.570 - Property of authority exempt from execution.

Section 99.580 - Powers of a public body to cooperate in land clearance project.

Section 99.585 - Tourism infrastructure projects, funds may be expended, when — limitations — relocation of owners, repayment required.

Section 99.590 - Public notice of conveyance or agreement not required.

Section 99.600 - Community may issue and sell bonds to aid project.

Section 99.610 - Two or more authorities may cooperate in joint project — governing body and community defined.

Section 99.620 - Annual report, satisfactory progress of projects, procedure to determine.

Section 99.630 - Authority may take over projects of constitutional charter city or county.

Section 99.640 - Master plan — municipalities authorized to prepare.

Section 99.650 - Construction of law.

Section 99.660 - Powers additional to those conferred by other laws.

Section 99.700 - Application for designation as a blighted area, who may request — certificate of tax abatement, when issued.

Section 99.705 - Assessor to issue current assessed value statement, when.

Section 99.710 - Assessor's statement, area covered — on file for ten years.

Section 99.715 - Assessor's statement to affect assessment of approved new construction or rehabilitation only.

Section 99.800 - Law, how cited.

Section 99.805 - Definitions.

Section 99.810 - Redevelopment plan, contents, adoption of plan, required findings — TIF restriction — reports by department of economic development, required when, contents.

Section 99.815 - County implementing project within boundaries of municipality, permission required — definition of municipality to include county.

Section 99.820 - Municipalities' powers and duties — public disclosure requirements — officials' conflict of interest, prohibited — commission appointment and powers — transparency of records.

Section 99.821 - Redevelopment plans, TIF revenue deposited in infrastructure for economic growth fund — use of moneys (St. Louis City).

Section 99.825 - Adoption of ordinance for redevelopment, public hearing required — objection procedure — hearing and notices not required, when — restrictions on certain projects — submission to state auditor and department of revenue.

Section 99.830 - Notice of public hearings, publication and mailing requirements, contents.

Section 99.835 - Secured obligations authorized — interest rates — how retired — sale — approval by electors not required — surplus fund distribution — exception — county collectors' and municipal treasurers' duties — no personal liability for commis...

Section 99.840 - Obligation, refunded to pay redevelopment costs, requirements — other obligations of municipality pledged to redevelopment may qualify.

Section 99.843 - Greenfield areas, no new projects to be designated, when.

Section 99.845 - Tax increment financing adoption — division of ad valorem taxes — payments in lieu of tax, deposit, inclusion and exclusion of current equalized assessed valuation for certain purposes, when — other taxes included, amount — new state...

Section 99.847 - No new TIF projects authorized for flood plain areas, applicability of restriction. (Clay, Cole, Jackson, Platte, and St. Charles counties; cities of Hannibal, Jefferson City, Springfield, and St. Joseph)

Section 99.848 - Emergency services property tax or economic activities tax, reimbursement from special allocation fund authorized, when — rate set by board or governing body.

Section 99.850 - Costs of project paid — surplus fund in special allocation fund — distribution — dissolution of fund and redevelopment area.

Section 99.855 - Tax rates for districts containing redevelopment projects, method for establishing — county assessor's duties — method of extending taxes to terminate, when.

Section 99.860 - Severability.

Section 99.865 - Report by municipalities, contents, publication — satisfactory progress of project, procedure to determine — reports by department of revenue required, when, contents, publication on accountability portal — rulemaking authority — dep...

Section 99.866 - Blighted low-income housing site, financing agreement between state and St. Louis City for possible retention of federal geospatial intelligence jobs — limitation on amount.

Section 99.875 - Definitions.

Section 99.877 - Municipalities may establish urban homesteading program and homesteading agency — members, qualifications, appointment, terms — secretary to be selected — staff — expenses.

Section 99.879 - Abandoned property report on suitability for rehabilitation or construction, duties of building official, notice to owners — hearing — right of owner to contest — decision, procedure — eminent domain action, when.

Section 99.881 - Publications of available property, notice, content — transfer to applicant, when — consideration for transfer — rehabilitation on construction for residential use.

Section 99.884 - Prior to issue of certificate of occupancy no transfer of property except transfer to mortgagee or lienholder — without approval — requirements.

Section 99.886 - Discrimination in sale or rental prohibited.

Section 99.888 - Inspection by government agencies authorized, when — purpose.

Section 99.891 - Applicants, priority for selection.

Section 99.893 - Financial assistance may be provided by urban homesteading agency — loans to be secured by mortgage — right of assignment of mortgage.

Section 99.896 - Abatement or deferral of real property taxes, requirements.

Section 99.899 - Agency may accept property from U.S. government, notice, publication, content — conveyance of property to urban homesteader, requirements.

Section 99.901 - Urban homesteading fund established, purpose.

Section 99.903 - Bond issues authorized for funding — powers of municipalities — bonded indebtedness, how paid — proceeds from bond issues not to be used for refinancing existing loans, exception.

Section 99.905 - Bond's rate of interest — maturing when — may be with or without right to call for payment or redemption — minimum price of bond — sale requirements.

Section 99.907 - Tax exemption for interest on bonds.

Section 99.910 - Form of bond, how determined — more restrictive or additional criteria for mortgages and loans may be set by municipality.

Section 99.912 - Civil actions to compel governing body issuing bonds to perform all duties.

Section 99.915 - Title — funding exclusions — act supersedes other inconsistent laws.

Section 99.918 - Definitions.

Section 99.919 - Out-of-state business, projects that relocate, calculation of new net revenues.

Section 99.921 - Downtown economic stimulus authority authorized, limitations.

Section 99.924 - Board of commissioners to govern authority, exceptions — appointment of commissioners, terms, vacancies.

Section 99.927 - Powers of authority exercised by board — quorum requirements, meetings, officers, expenses, removal.

Section 99.930 - Contracts, authority may transact business, when — validity of authority not to be challenged, when.

Section 99.933 - Authority to be public body corporate and politic, powers — disclosure of conflicts of interest — disadvantaged business enterprise to be approved (Kansas City, St. Louis City, St. Louis County).

Section 99.936 - Disposal of real property.

Section 99.939 - Fund established for community development corporations (Kansas City, St. Louis County, St. Louis City, Boone County) — fund administration — diversion of certain sales tax revenues to general revenue fund — grants and loans awarded.

Section 99.942 - Development plan, contents — goal for certain projects (Kansas City, St. Louis City, St. Louis County, Boone County) — adoption of development plan, procedure.

Section 99.945 - Permission needed for designation of development area outside boundaries of municipality.

Section 99.948 - Powers of municipality creating authority — powers authorized to authority — public hearings held, when.

Section 99.951 - Adoption of authorizing ordinance, public hearings to be held — notice for hearing, contents.

Section 99.954 - Financing project costs, issuance of obligations permitted, procedure — immunity from liability for obligations — retiring or refinancing debt, restrictions.

Section 99.957 - Adoption of development financing by ordinance — county assessor to determine total equalized assessed value — calculation of ad valorem taxes — allocation of economic activity taxes.

Section 99.958 - Endowment, Carnegie Research I University, private funds needed for one-half of endowment.

Section 99.960 - Disbursement of project costs, approval of department required — application, contents — finance board to make determination — cap on disbursements — time limitations on disbursements — development costs defined — projects ineligible...

Section 99.963 - State supplemental downtown development fund established, moneys in fund, use of moneys, disbursements — rulemaking authority.

Section 99.965 - Termination of development financing, when, procedure — dissolution of special fund and termination of designated area.

Section 99.968 - Debt service levies, computation of.

Section 99.975 - Application approvals, limitations.

Section 99.980 - Businesses relocating in development area, authority to report to department, when — status of development plan, report to be submitted, contents — access to project sites — annual financial statements required.

Section 99.1000 - Definitions.

Section 99.1006 - Rural economic stimulus authority authorized, limitations.

Section 99.1009 - Board of commissioners to govern authority — appointment of commissioners, terms, vacancies.

Section 99.1012 - Powers of authority exercised by board — quorum requirements, meetings, officers, expenses, removal.

Section 99.1015 - Contracts, authority may transact business, when — validity of authority not to be challenged, when.

Section 99.1018 - Authority to be public body corporate and politic, powers — disclosure of conflicts of interest.

Section 99.1021 - Disposal of real property.

Section 99.1027 - Developmental plan, contents, adoption of, procedure.

Section 99.1030 - Permission needed for designation of development area outside boundaries of municipality.

Section 99.1033 - Powers of municipality creating authority — powers authorized to authority — public hearings held, when.

Section 99.1036 - Adoption of authorizing ordinance, public hearings to be held — notice for hearing, contents.

Section 99.1039 - Financing project costs, issuance of obligations permitted, procedure — immunity from liability for obligations — retiring or refinancing debt, limitations.

Section 99.1042 - Adoption of development financing by ordinance — county assessor to determine total equalized assessed value — calculation of ad valorem taxes — allocation of economic activity taxes.

Section 99.1043 - Endowment, Carnegie Research I University, private funds needed for one-half of endowment.

Section 99.1045 - Disbursement of project costs, approval required by agriculture and small business development authority — application, contents — cap on disbursements — time limitations on disbursements — rulemaking authority.

Section 99.1048 - State supplemental rural development fund established, moneys in fund, use of moneys, disbursements — rulemaking authority.

Section 99.1051 - Termination of development financing, when, procedure — dissolution of special fund and termination of designated area.

Section 99.1054 - Debt service levies, computation of.

Section 99.1060 - Businesses relocating in development area, authority to report to department, when — status report submitted, contents — access to project sites — annual financial statements required.

Section 99.1080 - Citation of law.

Section 99.1082 - Definitions.

Section 99.1086 - Redevelopment plan, contents — adoption of plan, when.

Section 99.1088 - Public hearing required, notice requirements — changes to a plan without further hearing, when — boundaries of redevelopment area not to be changed after adoption.

Section 99.1090 - Application to department for approval of project costs, approval procedure — rulemaking authority.

Section 99.1092 - Fund established, allocation of moneys — rulemaking authority.

Section 99.1205 - Citation of law — definitions — tax credit allowed, amount — procedure to claim — cap on aggregate tax credit amount — report required — rulemaking authority.