Industrial Development Authority

Members

Meetings

The annual meeting of the Board of Directs shall be held at 6:30 pm on the second Tuesday of October of each year. In addition to the annual meeting, the Board of Directors may hold regular meetings and special meetings.

Purpose

The purposes for which this corporation is organized are to develop, advance, encourage, and promote commercial and industrial development in and about the City of Grain Valley, Missouri. Without limiting the generality of the foregoing, the purposes shall include the following:

1. The purchase, construction, extension, and improvement of plants, buildings, structures, or facilities, whether or not now in existence, including the real estate, used or to be used as a factory, assembly plant, manufacturing plant, processing plant, fabricating plant, distribution center, warehouse building, public facility, waterborne vessels excepting commercial passenger vessels for hire in a city not within a county built prior to 1950, office building, for-profit or not-for-profit hospital, not-for-profit nursing or retirement facility or combination thereof, physical fitness, recreational, indoor and resident outdoor facilities operated by not-for-profit organizations, commercial or agricultural facility, or facilities for the prevention, reduction or control of pollution. Included in all of the above shall be any required fixture, equipment or machinery; and
2. To do and perform any and all other things necessary or desirable with respect to a project or projects (as defined in the Industrial Development Corporations Act, as amended from time to time), or with respect to any other matter, to the extent permitted by, or contemplated by, the Industrial Development Corporations Act, as amended from time to time; and
3. In general, to carry on any other business in connection with each and all of the foregoing purposes or incidental thereto; and to have and exercise each and all of the powers and privileges, either direct or incidental, which are given and provided by or are available under the laws of the State of Missouri in respect to corporations organized under the Industrial Development Corporations Act, as amended from time to time.

Appointment Process

Each director shall be a resident of, qualified elector of, and taxpayer in the City of Grain Valley, Missouri, and shall have been so for at least one year immediately prior to said director’s appointment.

The directors shall be appointed by the Mayor with the advice and consent of a majority of the Board of Aldermen of the City of Grain Valley, Missouri and they shall be appointed so that they shall hold office for staggered terms.