(A) Pursuant to I.C. 36-7-12-4, the Council finds it necessary to create a body with the powers to finance economic development or pollution control facilities under the Act (I.C. 36-7-12-18), and hereby establishes the Town Department of Economic Development (the “Department”).
(B) The Department is established to exercise the powers set forth in the Act or otherwise granted by law.
(C) Pursuant to I.C. 36-7-12-5(d), the Department will be controlled by a Board of three members, to be known as the “Town of McCordsville Economic Development Commission” (the “Commission”), consisting of three members, one member to be selected by the Town Council President, one member to be nominated by the County Council and one member to be nominated by the Town Council, all of which shall be appointed by the Town Council President.
(Ord. 060199, passed 6-1-1999)