There is created a permanent commission which shall be known as the Economic Development Commission. The membership of this commission shall be constituted as follows:
A. The commission shall consist of seven (7) members. The Chairperson shall serve no more than two (2) consecutive terms as Chairperson. In addition to the seven (7) members appointed to this commission, the Director of Community Development or his/her designee shall serve ex officio.
B. Appointments shall be staggered for four (4) years.
C. Commission members shall be Chief Executive Officers or similar positions of businesses or corporations in the Village, business owners or entrepreneurs, or residents with expertise in business development. Members of the commission are not required to be Village residents.
D. The membership shall be broadly representative of the business community in the following respects:
1. Geographical location;
2. Type of business, i.e., retail, real estate, financial, industrial and service;
3. Educational background; and
4. Experience background.
E. Immediately upon its organization, the commission shall select from its membership a Vice Chairperson and a Secretary. The persons so selected shall serve for terms of one year and may be reelected. (Ord. 6149, 8-5-2014)