(A)   The Board hereby approves and confirms all of the actions previously taken by the Board establishing a County Department of Redevelopment and the County Redevelopment Commission (the “Commission”). The Commission shall enjoy all of the powers enumerated in I.C. 36-7-14-12.2, including, but not limited to, the hiring of an executive director and employees including setting their compensation, the acquiring of property, the equipping of offices and the expending of all or part of the money of the special taxing district. The Commission shall appropriate, on its own behalf, monies which do not derive from tax levies of the county, and such monies shall be subject to the exclusive annual budget process of the Commission. Any monies in the Commission’s budget that derive from tax levies shall be subject to the normal budget process, including the appropriate approval process through the County Council.
   (B)   Pursuant to the Home Rule Statute, being I.C. 36-1-3-1 et seq., the Board hereby establishes the Clark County Redevelopment Commission Non-Reverting Development Fund (the “fund”). The fund shall be non-reverting in nature and shall be funded by home rule funds under the control of the Board and other revenues available to the Commission from time to time, including but not limited to grants and gifts. The fund shall be used for the development expenses and general expenses of the Redevelopment Commission, including but not limited to those purposes under I.C. 36-7-14-12.2, such as the acquisition and sale of personal and real property, the clearing of property for redevelopment purposes, the repair and maintenance of structures, the construction of structures, the surveying of land, the appointment of and payment of salary to an Executive Director, the payment to appraisers, real estate experts, engineers, architects, surveyors, attorneys and other professionals, the hiring of and the prescribing of duties and the regulation of compensation of employees of the department of redevelopment, the payment for the equipping of offices, and the payment of contracts for construction of local public improvements. Payments from the fund shall be made pursuant to the method prescribed in I.C. 36-7-14-29 and the fund balance is non-reverting at year end so that no monies in the fund will revert to the General Fund or any other fund of the county at the end of the calendar year. The fund shall be perpetual until terminated by subsequent ordinance of the Board.
   (C)   The powers enumerated in I.C. 36-7-14-12.2, including, but not limited to, the hiring of an executive director and other employees, setting their compensation, and expending and appropriating monies on behalf of the Commission, shall be vested solely with and exclusively with the Board rather than with the Commission.
   (D)   The County Auditor shall act as the fiscal officer of the Commission and that all fiscal and accounting record-keeping and procedures shall be conducted by the County Auditor.
   (E)   The County Redevelopment Commission Fund (the “fund”) shall be an unappropriated fund.
(Ord. 12-1997, passed 11-4-1997; Ord. passed 9-13-2001; Ord. passed 9-27-2001)