(A) There is hereby created a Department of Economic Development for the town. Pursuant to the provisions of I.C. 36-7-12 et seq., said department shall be under the control of an appointed board to be known as the town’s Economic Development Commission, which shall have all powers and authority granted by the above-mentioned statute.
(B) (1) The membership of said Commission shall be as provided by said statute and shall consist of three members to be appointed by the Town Executive as follows:
(a) One of the members so appointed shall be selected by the Town Executive;
(b) One shall be nominated by the County Council; and
(c) One shall be nominated by the Town Council.
(2) The nominations and appointments of such Commissioners shall be made in the manner prescribed by the provisions of I.C. 36-7-12-7. At the expiration of the respective terms of each of the Commissioners originally appointed, their respective successors shall be selected, nominated, and appointed in the same manner as the original appointee and shall serve for a term of four years. In the event any person appointed as Commissioner fails to qualify for such office, or if any member after qualifying shall die, resign, or vacate such office, or be removed as provided in the above-mentioned statute, a new member shall be chosen and appointed to fill such vacancy in the same manner as provided for the member in respect to whom such vacancy occurs, and the member so chosen and appointed shall serve for the remainder of the vacated term. Commissioners shall hold over after the expiration of their terms until their respective successors have been duly appointed and qualified.
(C) Such Commissioners shall receive no salaries but shall be entitled to reimbursement for any expenses necessarily incurred in the performance of their duties. A Commissioner shall disclose any pecuniary interest in any employment, financing agreement, or other contract made under the provisions of the aforementioned statute before any action is taken by the Commission on it and shall not vote on any such matter. Any property required for the purpose of the statute in which a Commissioner has a pecuniary interest may be acquired, but only by gift or condemnation.
(D) (1) Each Commissioner, before entering upon his or her duties, shall take and subscribe an oath of office in the usual form, to be endorsed upon the certificate of his or her appointment, which shall be promptly filed with the Clerk-Treasurer.
(2) The Commission originally appointed shall meet within 30 days after its appointment at a time and place designated by the Town Executive for the purpose of organization, and shall meet to reorganize in February of each succeeding year.
(3) The Commission shall elect one of its members as president, one as vice-president, and one as secretary, each of which officers shall serve from the day of his or her election until January 31 of the next following and until his or her successor is elected and qualified.
(E) The Town Economic Development Commission is hereby authorized to adopt such by-laws, rules, and regulations as it may deem necessary for the proper conduct of its proceedings. A majority of the Commission shall constitute a quorum and the concurrence of the majority shall be necessary to authorize any action.
(F) The Commission is hereby granted all powers and authority provided for by I.C. 36-7-12 et seq., and shall perform all duties and fulfill all obligations required by said statute.
(Ord. 5, passed 5-8-2013)