Skip to code content (skip section selection)
(A) No part of the Development Fund and properties acquired thereby shall inure to the benefit of, or be distributable to, the Commission members, officers or other private persons, except where authorized and empowered by this subchapter. No substantial part of the activities of the Commission shall be the carrying on of propaganda or otherwise attempting to influence legislation, and the Commission shall not participate in or intervene in (including the publishing or distribution of statements) any political campaign on behalf of any candidate for public office.
(B) This subchapter may be altered, amended or repealed only by the affirmative vote of two-thirds of the members of the Commission at a special meeting of the Commission called for the express purpose of altering, amending or repealing this chapter, and then upon the affirmative vote of two-thirds of the Council.
(C) Upon dissolution, the Commission shall, after paying or making provisions for the payment of all liabilities of the Commission, distribute the Development Fund and properties acquired thereby to the municipality.
(D) All persons or corporations extending credit to, contracting with or having a claim against the Commission or its members shall look only to the funds and property of the Commission for payment of any contract or claim, or for the payment of any debt, damage, judgment or decree or of any money that may otherwise become due or payable to them from the Commission or its members; so that neither the Commission, its members or officers, present or future, nor the municipality shall be personally liable therefor.
(1986 Code, § 2.14.110) (Ord. 1252, passed - -1984)