(A) Election of officers.
(1) Not later than 30 days after the appointment of the Commissioners, the Redevelopment Commission shall hold a meeting for the purposes of organization. Thereafter, the Commission must hold at least one annual meeting on January 1, that is not a Saturday, Sunday or legal holiday for the election of a President, a Vice-President and a Secretary.
(2) The Redevelopment Commission may also appoint a Treasurer, who need not be a Commissioner or member of the Redevelopment Commission. The Treasurer may be compensated. The Treasurer shall be responsible for the administration, investment and disbursement of all funds and accounts of the Redevelopment Commission in accordance with the requirements of I.C. 36-7-14 et seq. However, the Treasurer may not perform any duties of the fiscal officer or any other officer of the county that are prescribed by I.C. 36-7-14-24 or by any provisions that pertain to the issuance and sale of bonds, notes or warrants of the special taxing district.
(B) Rules and by-laws. The Redevelopment Commission may adopt the rules and by-laws it considers necessary for the proper conduct of its proceedings, the carrying out of its duties, and the safeguarding of the money and property placed in its custody by I.C. 36-7-14 et seq.
(C) Meetings
(1) At the annual meeting (referenced above) the Commission by resolution or in accordance with its rules and by-laws, prescribe the date and manner of notice of other regular or special meetings.
(2) All meetings of the Redevelopment Commission shall be held in accordance with the state’s Open Door Law, being I.C. 5-14-1.5 et seq.
(D) Quorum. Three of the Redevelopment Commission’s Commissioners constitute a quorum, and the concurrence of three members is necessary to authorize any action.
(Ord. 2012-01, passed 1-3-2012, passed by Council 1-9-2012)