(A) The Community Redevelopment Authority shall consist of five members, all of whom shall be residents of the city, nominated by the Mayor and approved by the Council. The Mayor shall designate the term of office for each member, as provided in Neb. RS 18-2102.01. The Authority shall select one of its members as Chairperson and one as Vice-Chairperson. A total of four members shall constitute a quorum for the transaction of business. The Authority shall adopt rules for the transaction of its business and shall keep a record of its resolutions, transactions, findings and determinations, which records shall be made available for public inspection during regular business hours. The Authority shall select a person to serve as the Director and ex officio Secretary of the Community Redevelopment Authority, and that person shall perform those duties as may be assigned by the Authority, including the necessary administrative functions described in the statutes of the State of Nebraska, including Neb. RS 18-2102.01 et seq.
(B) All income, revenue, profits and other funds received by the Authority shall be deposited with the City Clerk-Treasurer as ex officio Treasurer of the Authority without commingling the money with any other money under the Treasurer’s control and disbursed by check or draft only upon warrants, orders or requisitions by the Chairperson of the Authority or other person authorized by the Authority, which shall state distinctly the purposes for which the same are drawn; and a permanent record shall be kept by the Authority of any activity.
(1998 Code, § 2-207)