(A) The City Council hereby declares itself to be the Community Development Commission of the City of Baldwin Park, California.
(B) In addition to the rights, power, duties and responsibilities of the Baldwin Park Redevelopment Agency being vested in the CDC, by operation of law, the City Council also delegates to the CDC the power, authority, functions and jurisdiction to enhance its position as a leader amongst communities of the San Gabriel Valley and Los Angeles County in the promotion and attraction of business development and redevelopment opportunities by identifying, designing, implementing, and managing development and redevelopment efforts, goals and objectives including providing for flexibility in identifying future housing developments.
(C) The monthly stipend for the Community Development Commission shall be $1,100 per member per month. Commissioners who elect to participate in the California Public Employees' Retirement System (CalPERS) as a City Council member will have their Commission stipend included in CalPERS. Any future changes to the monthly stipend may be made by resolution of the City Council.
(Ord. 1240, passed 7-21-04)