(A) Establishment. The Culver Economic Development Commission is hereby established as allowed under state law according to the following guidelines.
(B) Membership. The Economic Development Commission shall consist of three members appointed by the President of the Town Council. One of the members shall be selected by the President of the Town Council, one shall be nominated by the County Council, and one shall be nominated by the Town Council.
(C) Term.
(1) The Economic Development Commissioners shall take office upon their appointment, and their terms shall run from February 1 after their original appointment, for a period of:
(a) Three years, if selected by the President of the Town Council;
(b) Two years, if nominated by the Town Council; and
(c) One year, if nominated by the County Council.
(2) At the expiration of the respective terms of each of the original Commissioners, their respective successors shall be selected and nominated, before the expiration of the term, in the same manner as the original Commissioner, and each succeeding Commissioner shall serve for a term of four years. A Commissioner shall hold over after the expiration of his term until his successor is appointed and has qualified.
(3) If any person appointed shall fail to qualify within ten days after the mailing to him of notice of his appointment, or if any member after qualifying shall die, resign, or vacate the office or be removed, a new member shall be chosen and appointed to fill the vacancy in the same manner as provided for the member in respect to whom such vacancy occurs, and the member so chosen and appointed shall serve for the remainder of the vacated term. No person shall be appointed as a Commissioner who is not either a resident of the county, employed in the town, or the owner of a business in the town. If any Commissioner shall cease to qualify in one of the above categories, his appointment on the Commission shall thereby terminate and his office shall become vacant.
(D) Powers and duties. The Economic Development Commission shall exercise the powers granted by I.C. 36-7-12 and shall function pursuant to the requirements and procedures set out therein.
(E) Compensation of Commission members. The members of the Economic Development Commission will not receive compensation for their service to the Commission.
(Ord. 2017-006, passed 9-12-2017)