Such 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 said I.C. 36-7-4, 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 town. If a Commissioner ceases to be qualified under this section, he, she, or they forfeits his, her, or their office.
(B) No Redevelopment Commissioner of the town shall receive a salary; but such Redevelopment Commissioners are entitled to reimbursement for expenses necessarily incurred in the performance of his, her, or 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 section and I.C. 36-7-4. However, any property required 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 division (C) is void.
(Ord. 2020-02, passed 4-20-2020)