Pursuant to the Act, the Redevelopment Authority shall be governed by a Board of Directors (the “Board”) composed of three members, each of whom must be residents of the town. The President of the Town Council (the “Town Council President”) shall appoint the members of the Board. Members of the Board shall serve for a term of three years and may be reappointed for subsequent terms. The Town Council President shall fill any vacancy on the Board by appointing a new member for the remainder of the vacated term. Any Board member may be removed for cause by the Town Council President. Board members shall not receive a salary, and no profit or money of the Redevelopment Authority shall inure to the benefit of a member.
(Ord. 2015-15, passed 9-10-15)