(A) Organization. The Redevelopment Commission shall consist of five (5) members, appointed as follows:
(1) Three (3) members shall be appointed by the Town Council President.
(2) Two (2) members shall be appointed by the Town Council.
(3) Each Commissioner must be at least eighteen (18) years of age.
(4) Each Commissioner must be a resident of the unit in which the Commission has jurisdiction.
(5) A Commissioner may not have a pecuniary interest in any contract, employment, purchase or sale made by the Commission in exercise of its powers.
(B) Nonvoting advisor. The Town Council President shall appoint an individual to serve as a nonvoting advisor to the Commission who:
(1) Must be a member of the school board of a school corporation that includes all or part of the territory served by the Commission or an individual recommended by the school board to the entity that appoints the nonvoting advisor;
(2) Is not considered a member of the Commission but is entitled to attend and participate in the proceedings of all meetings of the Commission;
(3) Is not entitled to a salary, per diem, or reimbursement of expenses;
(4) Serves for a term of two (2) years and until a successor is appointed; and
(5) Serves at the pleasure of the entity that appointed the nonvoting advisor.
(`92 Code, § 2-137)
(C) Terms of office; election of officers; bonds; vacancies; salary; nonvoting advisor; annual reports. The term of office on the Redevelopment Commission shall be as follows:
(1) A member is entitled to serve a term of one (1) year from the first day of January after his or her appointment and until his or her successor is appointed and qualified, as provided by I.C. 36-7-14-7. Commissioners may be re-appointed to subsequent terms.
(2) Each Commissioner, before beginning his or her duties, shall take and subscribe an oath of office in the usual form, to be endorsed on the certificate of his or her appointment, which shall be promptly filed with the Clerk-Treasurer.
(3) Each Commissioner, before beginning his or her duties, shall execute a bond payable to the state, with surety to be approved by the executive of the unit. The bond must be in the penal sum of fifteen thousand dollars ($15,000) and must he 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.
(4) Commissioners must be at least eighteen (18) years of age, and must be a resident of the Town. If a Commissioner ceases to be qualified, he or she forfeits their office.
(5) If a vacancy occurs, the appointing authority shall fill the vacancy by appointing a new member for the remainder of the term vacated.
(6) Pursuant to I.C. 36-7-14-9, Commissioners may be removed at any time by the appointing authority.
(7) A member who does not otherwise hold lucrative office for the purpose of Article 2, § 9 of the Indiana Constitution may receive: (i) a salary; or (ii) a per diem; and is entitled to reimbursement for expenses necessarily incurred in the performance of the Redevelopment Commissioner’s duties; provided however, nothing contained herein shall permit the payment of a salary, per diem or reimbursement of expenses to a nonvoting advisor on the Commission in violation of I.C. 36-7-14-6.1.
(8) The Redevelopment Commissioners shall hold a meeting for the purpose of organization not later than 30 days after they are appointed and, after that, each year on a day that is not a Saturday, Sunday, or a legal holiday and that is the first meeting day of the year. They shall choose one (1) of their members as President, another as Vice-President, and another as Secretary. These officers shall perform the duties usually pertaining to their offices and shall serve from the date of their election until their successors are elected and qualified.
(9) Not later than April 15 of each year, the Commissioners or their designees shall file an annual report pursuant to I.C. 36-7-14-13. The filing is subject to the following requirements:
(a) The report of the Commissioners must show the names of the then qualified and acting commissioners, the names of the officers of that body, the number of regular employees and their fixed salaries or compensation, the amount of the expenditures made during the preceding year and their general purpose, an accounting of the tax increment revenues expended by any entity receiving the tax increment revenues as a grant or loan from the Commission, the amount of funds on hand at the close of the calendar year, and other information necessary to disclose the activities of the Commissioners and the results obtained.
(b) The report of the Commissioners must show all the information required by subsection (a), plus the names of any Commissioners appointed to or removed from office during the preceding calendar year.
(c) A copy of each report filed under this section must he submitted to the Department of Local Government Finance in an electronic format.
(d) The report required under subsection (a) must also include the following information set forth for each tax increment financing district regarding the previous year:
1. Revenues received.
2. Expenses paid.
3. Fund balances.
4. The amount and maturity date for all outstanding obligations.
5. The amount paid on outstanding obligations.
6. A list of all the parcels included in each tax increment financing district allocation area and the base assessed value and incremental assessed value for each parcel in the list. (‘92 Code, §2-138)
(Ord. 91-32, passed 12-26-91; Am. Ord. 2012-03, passed 3-22-12; Am. Ord. 2016-24, passed 10-13-16)