The Economic Development Commission is hereby authorized and directed to:
(a) Review the history and existing studies and planning ordinances of the Village;
(b) Conduct such studies as are necessary to gather information within the area of economic development;
(c) Review and recommend areas for economic development within the Village and the types of development recommended for these areas;
(d) Conduct a comprehensive review of the financial alternatives which are available and feasible for the Village to use to encourage economic growth, including, but not limited to, industrial revenue bonds, community development block grant funds, Federal economic development programs, tax incremental financing, commercial development bonds and MFT for road construction in commercial areas;
(e) Study both long term and short term activities to be recommended to the Board of Trustees; and
(f) Study any and all other matters that are pertinent to the subject of economic development as may seem appropriate.
(Res. R-80-5. Passed 1-28-80.)