(A) A department of economic development is hereby created which shall be under the control of a commission to be known as the “City of Peru Economic Development Commission” (the “Commission”).
(B) The Commission shall consist of three members who shall be appointed by the Mayor as follows: one selected by the Mayor, one nominated by the Miami County Council; and one shall be nominated by the Council.
(C) The Commission shall exercise only the powers and functions as provided in I.C. 36-7-12-17 and I.C. 36-7-12-24; specifically, to act as independent commission to review projects, conduct public hearings, and make recommendations to the Council as to the appropriateness of financing certain economic development projects and/or pollution control facilities.
(D) The Commission shall each year before January 31 present to the Council a report of its activities for the preceding calendar year, make such recommendations as it seems proper, and may render other reports and make recommendations at any time.
(Ord. 22, 2019, passed 10-7-19)