(A) There is hereby created the Department of Redevelopment of the city, which shall be entitled to exercise all the rights, powers, privileges, and immunities accorded to such department by the Redevelopment Acts of the General Assembly of the State of Indiana, 1955, as amended under I.C. 36-7-14 (the “Act”).
(B) Such Department of Redevelopment shall be under the control of a board of five members to be known as the Redevelopment Commission.
(C) There is hereby created a Board to be known as the Redevelopment Commission. Three of said Commissioners shall be appointed by the City Council President, and two shall be appointed by the City Council. The nominations made by the City Council shall be transmitted to the City Council President in writing within ten days after the final passage of this chapter. Each Redevelopment Commissioner shall serve for one year from the first day of January after his or her appointment and until his or her successor is appointed and has qualified, except that the original Commissioners shall serve from the date of their appointment until the first day of January in the second year after their appointment. If a vacancy occurs, a successor shall be appointed in the same manner as the original Commissioner and the successor shall serve for the remainder of the vacated term.
(1) Each Redevelopment Commissioner, before beginning his or her duties, shall take and subscribe an oath of office in the form prescribed by law, to be endorsed on the certificate of his or her appointment, which shall be promptly filed with the Clerk-Treasurer of the city.
(2) Each Redevelopment Commissioner, before beginning his or her duties, shall execute a bond payable to the state, with surety to be approved by the City Council President. The bond must be in a penal sum of $15,000 and must be conditioned on the faithful performance of the duties of his or her office and the accounting for all monies and property that may come into his or her hands or under his or her control. The cost of the bond shall be paid by the special taxing district.
(D) Such Commissioners shall have the qualifications prescribed by the laws of the State of Indiana as from time-to-time amended and shall qualify as therein provided; and shall exercise and enjoy the rights and powers and assume the duties and obligations conferred and imposed by said Act, including but not limited to the following qualifications.
(1) A Redevelopment Commissioner must be at least 18 years of age and must be a resident of the city. If a Commissioner ceases to be qualified under this section, he or she forfeits his or her office.
(2) No Redevelopment Commissioner shall receive a salary, but such Redevelopment Commissioners are entitled to reimbursement for expenses necessarily incurred in the performance of their duties.
(3) A Redevelopment Commissioner may not have a pecuniary interest in any contract, employment, purchase, or sale made under the provisions of this section, and the underlying statutes. However, any property required for redevelopment purposes in which a Commissioner has a pecuniary interest may be acquired, but only by gift or condemnation. A transaction made in violation of this section is void.
(E) The Clerk-Treasurer charged by law for the performance of duties in respect to the funds and accounts of the city, shall perform the same duties with respect to the funds and accounts of the Department of Redevelopment, except as otherwise provided for in the Act.
(Ord. 1994-02, passed 2-8-1994)