(A) There is hereby created the County Redevelopment Authority (the “Authority”) as a separate body corporate and politic and as an instrumentality of the county, for the purposes and with all powers and duties now or hereafter granted to it by the Act.
(B) (1) The Authority shall be under the control of a Board of Directors (the “Directors”) consisting of three members, who must be residents of the county appointed by the Board.
(2) A member is entitled to serve a three-year term. A member may be reappointed to subsequent terms.
(3) If a vacancy occurs with regard to the Directors, the Board shall fill the vacancy by appointing a new member for the remainder of the vacated term.
(4) A Director may be removed for cause by the Board.
(5) Each member, before entering upon the duties of office, must take and subscribe an oath of office under I.C. 5-4-1, which shall be endorsed upon the certificate of appointment and filed with the records of the Authority.
(6) A member may not receive a salary, and no profit or money of the Authority inures to the benefit of a member.
(C) The powers enumerated in I.C. 36-7-14.5-12 shall be vested solely with and exclusively with the Board rather than with the Authority.
(D) The County Auditor shall act as the fiscal officer of the Authority and that all fiscal and accounting record-keeping and procedures shall be conducted by the County Auditor.
(Ord. 11-1997, passed 11-4-1997; Ord. passed 9-13-2001)