(A) The Council establishes the Department of Redevelopment. The Department will be controlled by a board of five members, to be known as the Cedar Lake Redevelopment Commission. Three of the members shall be appointed by the Municipal Executive, the President of the Council, and two members shall be appointed by the council.
(B) The original members of the Commission appointed shall serve until the first day of January in the second year of their appointment; thereafter, each Commissioner shall serve for one year from the first day of January until a successor is appointed and qualified.
(C) In the event that a vacancy occurs, a successor shall be appointed in the same manner as the original member, and the successor shall serve for the remainder of the vacated term.
(D) Each member of the Commission, before beginning his duties, shall take and subscribe an oath of office in the usual form, to be endorsed on the certificate of their appointment, which shall be properly filed with the Clerk-Treasurer.
(E) Each member of the Commission, before beginning his duties, shall execute a bond payable to the state, with surety to be approved by the council. The bond must be in the penal sum of at least $15,000, and must be conditioned on the faithful performance of the duties of his office in the accounting for all monies and property that may come into his hands, or under his control. The cost of the bond shall be paid by the Special Taxing District.
(F) A member of the commission must be at least 18 years of age, and must be a resident of the town.
(G) In the event that a Commissioner ceases to be qualified hereunder, that member forfeits his office.
(H) Except as provided in sub-section (I), members of the Commission are not entitled to salaries, but are entitled to reimbursement for expenses necessarily incurred in the performance of their duties.
(I) A member of the Commission who does not otherwise hold a lucrative office as defined and set forth by Article 2, Section 9, of the Indiana Constitution may receive:
(1) A salary; or
(2) A per diem;
(3) And is entitled to reimbursement for expenses necessarily incurred in the performance of the Commissioners duties.
(Ord. 738, passed 12-15-98; Am. Ord. 984, passed 1-2-07)