(A) Creation. There is hereby created the Community Redevelopment Authority of the city.
(B) Officers. The Mayor, with the approval of the governing body, shall appoint five persons who shall constitute the Authority. The members of the Authority shall serve a five-year term of office and shall serve without compensation. The Authority shall organize by electing one of its members Chairperson of the Authority and another of its members Vice-Chairperson. 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 have power to employ a Director who shall be 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 the statutes, under which the Authority has been created.
(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 commingling such money with any other money under his or her control and disbursed by him or her by check or draft only upon warrants, orders or requisitions by the Chairperson of such Authority or purpose for which the same are drawn. A permanent record shall be kept by the Authority of all warrants, orders or requisitions so drawn, showing the date, amount, consideration and to whom payable.
(E) Powers and duties. The Authority shall be vested with all the powers, duties and responsibilities set forth at Ch. 18, Art. 21, the Community Development Law, Neb. RS 18-2101 et seq.
(2005 Code, § 2-210)