(A) There is hereby created in the city a Department of Development to be known as the City Development Commission.
(‘89 Code, § 29.01)
(B) The Commission shall be governed by a board of five Commissioners to be appointed by the Mayor as follows:
(1) Three of the Commissioners so appointed shall be selected by the Mayor;
(2) One of the Commissioners so appointed shall be nominated by the County Council.
(3) One of the Commissioners so appointed shall be nominated by the City Common Council.
(4) Each of the Commissioners shall serve for a term of four years. At the expiration of the respective terms of each of the Commissioners, their respective successors shall be selected and nominated in the same manner as the original appointee, each of which nominees shall be appointed by the Mayor within ten days after receiving the nomination. In the event any person appointed a Commissioner shall fail to qualify as hereinafter provided within ten days after the mailing to him or her of notice of his or her appointment, or if any member after qualifying shall die, resign, vacate the office or be removed as hereinafter provided, a new member shall be chosen and appointed to fill the vacancy in the same manner as provided for the member in respect to whom the vacancy occurred, and the member so chosen and appointed shall serve for the remainder of the vacated term. The Commissioners shall receive no salaries but shall be entitled to reimbursement for any expenses necessarily incurred in the performance of their duty.
(‘89 Code, § 29.02)
(C) Five members who shall be appointed to the Commission must be residents of Center Township and at least four of them must be residents of the city. If any Commissioner shall cease to qualify in one of the above categories, his or her appointment on the Board shall thereby terminate and his or her office shall become vacant. Each Commissioner, before entering upon his or her duties, shall take and subscribe an oath of office in the usual form, to be endorsed upon the certificate of his or her appointment, which shall be promptly filed with the Clerk-Treasurer. The Commission originally appointed shall meet within 30 days after its appointment at a time and place designated by the Mayor for the purpose of organization, and shall meet to reorganize in the month of February of the succeeding year. The Commission shall elect one of its members as President, one as Vice-President, and one as Secretary, each of which officers shall serve from the day of his or her election until the January 31 next following his or her election and until his or her successor is elected and qualified.
(‘89 Code, § 29.03)
(D) The Commission is authorized to adopt any bylaws, rules and regulations as it may deem necessary for the proper conduct of its proceedings, the carrying out of its duties and the safeguarding of the funds and property placed in its custody. Regular or special meetings shall be held at a time as the Commission may determine and upon the notice as it may fix, either by resolution or in accordance with the provisions of the by-laws, rules and regulations adopted. A majority of the Commission shall constitute a quorum and the concurrence of a majority shall be necessary to authorize any action.
(‘89 Code, § 29.04)
(E) The Commission shall have all powers, privileges and duties as provided by the Municipal Economic Development Act of 1965, as amended, and as granted by all acts of the State General Assembly heretofore or hereafter enacted.
(‘89 Code, § 29.05)