(A) There is created a Board to be known as the Noblesville Redevelopment Commission. Three of said Commissioners shall be appointed by the Mayor, and two shall be appointed by the Common Council. The nominations made by the Common Council shall be transmitted to the Mayor in writing within ten days after the final passage of this subchapter. Each Redevelopment Commissioner shall serve for one year from the first day of January after his appointment and until his or her successor is appointed and has 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. The Mayor shall also appoint an individual to serve as a nonvoting adviser to the Commission.
(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 City Clerk.
(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 a penal sum of $15,000 and must be conditioned on the faithful performance of the duties of his or her office and the accounting for all monies and property that may come into his or her hands at or under his or her control. The cost of the bond shall be paid by the special taxing district.
(Ord. 20-9-88, passed 10-11-88; Am. Ord. 53-12-18, passed 12-18-18)