The Redevelopment 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 Redevelopment Act, including, but not limited to, the following qualifications:
(A) A Redevelopment Commissioner must be at least eighteen 18 years of age and must be a resident of the town. If a Redevelopment Commissioner ceases to be qualified under this section, he or she forfeits his or her 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 their duties.
(C) A Redevelopment Commissioner may not have a pecuniary interest in any contract. Employment, purchase or sale made under such provisions of this subchapter and the underlying statutes. However, any property required for redevelopment purposes in which a Redevelopment Commissioner has a pecuniary interest may be acquired, but only by give or condemnation. A transaction made in violation of this Section of this subchapter is void.
(Ord. 2011-03, passed 5-17-11)