(A) Creation. There is hereby created the Community Redevelopment Authority of the City of Ravenna, Nebraska.
(B) Officers. The Mayor, with the approval of the City Council, shall appoint five persons who shall constitute the Authority. The terms of office of the members of the Authority initially appointed shall be for one year, two years, three years, four years, and five years, as designated by the Mayor in making the respective appointments. As the terms of the members of the Authority expire, the Mayor, with the approval of the governing body of the city, shall appoint or reappoint a member of the Authority for a term of five years to succeed the member whose term expires. The Authority shall organize by electing one of its members Chairperson of the Authority, and another of its members Vice Chairperson. The presence of three members shall constitute a quorum for the transaction of business. The Authority shall adopt rules for the transaction of its business and shall keep a record of its resolutions, transactions, findings and determinations, which records shall be made available for public inspection during regular business hours.
(C) Director. Community redevelopment authorities of Ravenna may secure the services of a Director, Community Redevelopment Administrator, or Coordinator, and other officers and employees as may be desired through contract with the Department of Economic Development upon terms which are mutually agreeable. The Director, when appointed, shall serve as Ex Officio Secretary of the Community Redevelopment Authority, and shall perform such duties as may be assigned by the Authority, including the necessary administrative functions described in the statutes under which the Authority has been created.
(D) Vacancies. Vacancies shall be filled for any unexpired term in the same manner as the original appointment. Members of the Authority shall hold office until their successors have been appointed and qualified. All members are to serve without compensation but shall be reimbursed for all necessary expenses incurred.
(E) Conflict. No member or employee of any Authority established under this section shall have any interest directly or indirectly in any contract for property, materials, or services to be required by such Authority.
(F) Funds.
(1) All income, revenue, profits and other funds received by the Authority shall be deposited with the City Treasurer as Ex Officio Treasurer of such Authority without commingling such money with any other money under his or her control and disbursed by him or her by check, draft or order only upon warrants, orders, or requisitions by the Chairperson of such Authority or other person authorized by such Authority, which shall state distinctly the purpose for which the same are drawn. The Authority shall keep an accurate account of all its activities and of all receipts and disbursements and make an annual report of such activities, receipts, and disbursements to the governing body of the city. A permanent record shall be kept by the Authority of all warrants, orders or requisitions so drawn, showing the date, amount, consideration and to whom payable. When paid, the same shall be canceled and kept on file by the City Treasurer.
(2) The Authority shall keep an accurate account of all its activities and of all receipts and disbursements and make an annual report of such activities, receipts, and disbursements to the governing body of the city.
(G) The Authority shall be vested with all the powers, duties and responsibilities set forth in Neb. RS Chapter 18, Article 21, the Community Development Law, Sections 18-2101 et seq.
(Ord. 2015-O-036, passed 11-2-15; Am. Ord. 2018-O-005, passed 5-7-18)