The Economic Development Advisory Board shall be appointed and the nominated members must receive a majority vote of the governing body. The Economic Development Advisory Board shall consist of five members who shall reside in the zip code of 68771. The members of the Economic Development Advisory Board shall serve a three-year term of office, except that the term of two of the members appointed to the first Board shall be for only one year, and the term of two members of the first Board shall be for two years. In the event that a vacancy shall occur during the term of any member, his or her successor shall be appointed for the unexpired portion of the term. The Economic Development Advisory Board shall serve without compensation and may be required, in the discretion of the governing body, to give a bond in a sum set by resolution of the governing body and conditioned upon the faithful performance of their duties. At the time of the Economic Development Advisory Board’s first meeting in January of each year, the Economic Development Advisory Board shall organize by selecting from their number a chairperson and secretary. It shall be the duty of the secretary to keep the full and correct minutes and records of all meetings and to file the same with the City Clerk where, they shall be available for public inspection at any reasonable time. A majority of the Economic Development Advisory Board members shall constitute a quorum for the transaction of business. Special meetings may be held upon the call of the chairperson or any three members of the Economic Development Advisory Board. It shall be the duty of the Economic Development Advisory Board to have general charge of the Municipal Economic Development Advisory Board and to establish appropriate rules and regulations for the management, operation, and use of the same. All actions of the Economic Development Advisory Board shall be subject to the review and supervision of the governing body. The Economic Development Advisory Board shall be responsible for making such reports for Economic Development Advisory Board performing such additional duties as the governing body may designate from time to time. No member of the governing body shall serve as a member of the Economic Development Advisory Board while serving a term of office as a member of the governing body. No member of the Economic Development Advisory Board shall serve in the capacity of both the chairperson and secretary of the Board.
(Ord. 711, passed 10-28-2020)