(A) Pursuant to I.C. 36-7-14, this Commission shall consist of five Commissioners, (the "Commissioners") who have been and hereby are appointed, and duly sworn to fulfill the duties of this Commission.
(B) Commissioners shall comply with all conflict of interest disclosures, if any, as required by law.
(1) An Economic Development Commissioner shall disclose any pecuniary interest in any employment, financing agreement or other contract made under Chapter 14 of the Act before any action by the Commission on it, and shall not vote on any matter.
(2) Notwithstanding any other law, a member of the Council may have a pecuniary interest in any employment, financing agreement or other contract made under Chapter 14 of the Act if he or she discloses the pecuniary interest before any action by the fiscal body on it and does not vote on any matter.
(3) If any property in which an Commissioner or Council member has a pecuniary interest is property required for the purposes of this chapter, that property may be acquired, but only by gift or condemnation.
(C) No Commissioner shall be permitted to receive salary, wage or pay for services in connection with serving upon this Commission, but may receive reimbursement for expenses actually incurred.
(Res. passed 1-8-2007; Ord. 2006-2007-3, passed 2-26-2007)