There is hereby established a citizens' commission which shall be known as the Sherman economic development commission for the purpose of structuring sound economic development programs through implementation and use of the powers granted to the village under the state municipal code, and through conducting such research and inventory of resources and preparation of industrial facts profiles to be used as presentations to industrial prospects considering expansion or location in the Sherman area. The commission shall make its findings and recommendations to the president and board of trustees in the manner prescribed in this chapter. (Ord. 1990-18, 7-7-1990)