(A) There is hereby created a board to be known as the Redevelopment Commission. Three members of the Commission shall be appointed by the Mayor, and two members of the Commission shall be appointed by the Common Council. Each Redevelopment Commissioner shall serve for one year from the first day of January after his or her appointment and until his or her successor is appointed and is qualified, except that the original Commissioners shall serve from the date of their appointment until the first day of January in the second year after their appointment. If a vacancy occurs, a successor shall be appointed in the same manner as the original Commissioner, and the successor shall serve for the remainder of the vacated term.
(B) Each Redevelopment Commissioner before beginning his or her duties shall take and subscribe an oath of office in the form prescribed by law, to be endorsed on the certificate of his or her appointment, which shall be promptly filed with the Clerk-Treasurer of the city.
(C) Each Redevelopment Commissioner, before beginning his or her duties shall execute a bond payable to the state, with surety to be approved by the Mayor. The bond must be in penal sum of $15,000 and must be conditioned upon the faithful performance of the duties of his or her office and the accounting for moneys and property that may come into his or her hands or under his or her control. The cost of the bonds shall be paid by the Redevelopment District.
(Ord. 29, passed 11-16-93)