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(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)
Redevelopment Commissioners shall have the qualifications prescribed by the laws of the state as from time to time amended and shall qualify as therein provided; and shall exercise and enjoy the rights and powers and assume the duties and obligations conferred and imposed by the IC 36-7-14, including but not limited to the following qualifications:
(A) A Redevelopment Commissioner must be at least 18 years of age and must be a resident of the city. If a Commissioner ceases to be qualified under this section, he or she forfeits his or her office.
(B) No Redevelopment Commissioner shall receive a salary, but such Commissioners are entitled to reimbursement for expenses necessarily incurred in the performance of their duties.
(C) A Redevelopment Commissioner may not have a pecuniary interest in any contract, employment, purchase or sale made under the provisions of this subchapter and IC 36-7-14. However, any property acquired for redevelopment purposes in which a Commissioner has a pecuniary interest may be acquired, but only by gift or condemnation. A transaction made in violation of this section is void.
(Ord. 29, passed 11-16-93)
The creation of the Redevelopment Commission is subject to the following restrictions:
(A) No bonds shall be issued by the Commission unless the bonds are first approved by the Common Council.
(B) No amendment to any redevelopment plan or economic development plan adopted by the Commission shall be effective until such amendment is approved by the Common Council.
(C) All contracts proposed to be entered into by or on behalf of the Commission shall be approved by the Board of Public Works.
(Ord. 29, passed 11-16-93)
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