The Tax Increment Financing (TIF) Commission was established by the City Council of the City of Cape Girardeau by adoption of Ordinance No. 2968 on February 4, 2002. The Commission was established pursuant to the TIF Act.
The TIF Commission consists of eleven members. Six members are appointed by the Mayor with the consent of the City Council. The other five members are appointed by the affected school district and other taxing jurisdictions within the proposed project district.
The same Ordinance allows the City to consider the use of tax increment financing for those projects which demonstrate a substantial and significant public benefit by eliminating and preventing blight, financing desirable public improvements, strengthening the employment and economic base of the City and other taxing jurisdictions, increasing property values, reducing poverty, creating economic stability, upgrading older neighborhoods and areas, and facilitating economic self-sufficiency.
Meeting Schedule
The Commission meets as needed.
Staff Liaison
Trevor Pulley, Assistant City Manager