(A) Creation. There is hereby created the Community Redevelopment Authority of the city.
(B) Officers.
(1) Five persons, all of whom shall be residents of the city, shall constitute the Authority. The five members shall be selected by the Mayor and approved by the City Council. The Mayor shall designate the term of office for each member, as provided in Neb. RS 18-2102.01.
(2) The Authority shall select one of its members as Chairperson and one as Vice Chairperson. A total of four members of the Authority shall constitute a quorum for the transaction of business. The Authority shall adopt rules for the transaction of its business and shall keep a record of its resolutions, transactions, findings and determinations, which records shall be made available for public inspection during regular business hours.
(C) Director. The Authority shall select a person to serve as Director and ex officio Secretary of the Community Redevelopment Authority, and that person shall perform such duties as may be assigned by the Authority, including the necessary administrative functions described in Neb. RS 18-2102.01 et seq.
(D) Funds. All income, revenue, profits and other funds received by the Authority shall be deposited with the City Treasurer as ex officio Treasurer of such Authority without co-mingling such money with any other money under said Treasurer’s control and disbursed by check or draft only upon warrants, orders or requisitions by the Chairperson of the Authority or other person authorized by the Authority, which shall state distinctly the purpose for which the same are drawn, and a permanent record shall be kept by the Authority of any such activity.
(Prior Code, § 2-214) (Ord. 764, passed 1-25-2005)