§ 33.46 ESTABLISHED.

   (A)   The City Redevelopment Authority shall be governed by a Board of Directors (the “Board”) consisting of three members, each of whom shall be a resident of the city appointed by the Mayor of the city. Each member is entitled to serve a three-year term and may be reappointed to subsequent terms. If a vacancy occurs on the Board, the Mayor of the city shall fill the vacancy by appointing a new member for the remainder of the vacated term. A Board member may be removed for cause by the Mayor of the city.

   (B)   Each Board member, before entering upon the duties of office, must take and subscribe an oath of office under I.C. 5-4-1, which shall be endorsed upon the certificate of appointment and filed with the records of the Board.

   (C)   A Board member may not receive a salary, and no profit or money of the City Redevelopment Authority inures to the benefit of the member.

(Ord. 94-10, passed 8-8-1994)

§ 33.47 ORGANIZATION.

   (A)   Immediately after January 15 of each year, the Board shall hold an organizational meeting. The Board shall elect one of the members President, another Vice President and another Secretary-Treasurer to perform the duties of those offices.

   (B)   These officers serve from the date of their election and until their successors are elected and qualified.

   (C)   The Board may elect an Assistant Secretary-Treasurer.

   (D)   Special meetings may be called by the President of the Board or any two members of the Board.

   (E)   A majority of the members constitutes a quorum, and the concurrence of a majority of the members is necessary to authorize any action.

(Ord. 94-10, passed 8-8-1994)

DEPARTMENT OF REDEVELOPMENT

§ 33.60 PURPOSE.

   The Common Council deems it to be in the best interest of the city and its citizens to afford a maximum opportunity for rehabilitation, redevelopment or economic development of areas by private enterprise by establishing a Department of Redevelopment.

(Ord. 90-19, passed 11-12-1990)

§ 33.61 ESTABLISHMENT.

   The Common Council hereby establishes the Department of Redevelopment of the city. The Department will be controlled by a board of five members known as the City Redevelopment Commission.

(Ord. 90-19, passed 11-12-1990)

§ 33.62 REDEVELOPMENT DISTRICT.

   Pursuant to I.C. 36-7-14 and 36-7-23, all of the territory within the corporate boundaries of the city will be a taxing district to be known as the redevelopment district of the city for the purpose of levying and collecting special benefit taxes for redevelopment purposes as provided in I.C. 36-7-14 and 36-7-23. The Common Council finds and determines that all of the taxable property within this special taxing1 district will be considered to be benefitted by the redevelopment projects and economic development projects carried out under I.C. 36-7-14 and 36-7-23 to the extent of the special taxes levied under the I.C. 36-7-14 and 36-7-23.

(Ord. 90-19, passed 11-12-1990)