There is hereby created a Tax Increment Economic Development Advisory Committee (hereinafter, the COMMITTEE) which shall consist of a chairperson and eight members appointed by the President with the advice and consent of the Board of Trustees. All nine members of the Committee shall be persons who by occupation, training or experience have knowledge of economic development or of the social and economic needs of the village. All such persons shall also meet the qualifications for office established by the Illinois Municipal Code, except that they need not be residents of the village. All members shall serve five year terms or until their successors have been appointed. Of the initial board members appointed pursuant to this subchapter, two including the chairperson, shall have an initial term of five years, two shall have an initial term of four years, two shall have an initial term of three years, two shall have an initial term of two years, and one shall have an initial term of one year. Members shall serve without compensation. The Village President, the Village Administrator, and the Trustee appointed by the Board of Trustees to serve as liaison shall be ex officio, nonvoting members of the Committee. Other business persons, developers or interested parties can be added as ex officio members at the discretion of the President. A member who has missed three consecutive unexcused absences from meetings may at the discretion of the Village President be deemed to have vacated the office.
(Ord. 96-93, passed 5-28-96)
Cross-reference:
Economic Development Coordinator/TIF District Administrator, see § 31.52