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WATERBURY DEVELOPMENT CORPORATION
(A) The WDC shall be under the control of a board of directors ("Board") consisting of 23 members as follows: The Mayor of the City of Waterbury or his designee; two Aldermen appointed by the President of the Board of Aldermen, neither of whom shall be of the same political party; the Chairperson of the Chamber of Commerce of Greater Waterbury or his designee; the President of the Chamber of Commerce of Greater Waterbury or his designee; one member of New Opportunities, Inc, ("NO, Inc.") appointed by NO, Inc.; two representatives of the Waterbury business community appointed by the Mayor; four members of the various neighborhood groups appointed by the Mayor, of the four available appointments two shall be made from a list of four nominees, comprised of two nominees for each of the two available appointments, submitted by the Waterbury Neighborhood Council, the two remaining appointments, of the four available appointments, shall be made from a list of nominees being comprised of names of individuals who are members of a neighborhood group not belonging to the Waterbury Neighborhood Council and whose name was included amongst at least two names submitted by the neighborhood group of which they are a member; one member of the Waterbury Chapter of the National Association for the Advancement of Colored People (the "NAACP") nominated by the NAACP, by way of submission of two names for such position, and appointed by the Mayor; one member of Main Street Waterbury appointed by the Mayor by way of submission of two names for such position; and nine members at large, four appointed by the Mayor and five appointed by the Waterbury Chamber of Commerce, respectively.
(B) Board members must either reside in, directly or indirectly own property in, be employed by or be a member of a board of directors of a company with an office in, or possess other significant ties to, the City of Waterbury.
(C) The Mayor, the Chairperson of the Waterbury Chamber of Commerce and the President of the Waterbury Chamber of Commerce shall each serve for as long as they hold their respective positions. The aldermanic members shall serve for a period consistent with an aldermanic term and, if re-elected, may be reappointed or replaced by the President of the Board of Aldermen at the end of such term in his discretion. All other Board members shall, commencing on January 1, 2006, serve for a term of two years, subject to any removal provisions as may be provided by any bylaws established in accordance herewith. Initial appointments to the Board made upon passage of this section shall be interim appointments, said interim terms to expire, in all cases, on December 31, 2005. Board members shall hold their offices until their successors are appointed and have qualified.
(D) Any vacancy on the Board shall be filled without undue delay in the same manner and by the same appointing authority that made the original appointment, to serve for the unexpired portion of the term. Should any such appointing authority for any reason cease to exist, the Board, by a majority vote of its entire membership, shall designate a similarly purposed or otherwise relevant entity as a replacement appoinling authority. Any Board member appointed by the defunct appointing authority shall complete his term on the Board and any replacement appointing authority shall only appoint Board members at the beginning of the new appointment cycle, unless a vacancy within the purview of its appointing authority sooner occurs.
(E) Board members shall serve without compensation but may be reimbursed for necessary expenses incurred in the performance of their official duties within the limitations of appropriations.
(Ord. passed 3-7-2005; Ord. passed 5-21-2012; Ord. passed 5-20-2019)
(A) The WDC shall establish bylaws providing for the method of selecting various officers of the Board deemed necessary and advisable and delineating their individual powers and obligations. The bylaws shall address where and how often the Board shall meet and any other appropriate matters allowed by law. The bylaws shall specifically provide that the chairman shall have a vote on all issues before the Board and may further vote a second time for purposes of breaking a tie vote.
(B) The WDC bylaws shall furthur provide that, under appropriate circumstances, the WDC shall, to the fullest extent permitted by law, indemnify its Board members, officers, employees and agents, from and against any and all liabilities, expenses and other matters as are, without limitation, referred to in, or covered by, the Connecticut Revised Nonstock Corporation Act, as it may be amended, supplemented or replaced, from time to time.
(Ord. passed 3-7-2005; Ord. passed 5-20-2019)
(A) The WDC shall hire a Chief Executive Officer (the "CEO") who shall serve at the pleasure of the Board and who shall be the principal administrative officer of the WDC. The CEO shall be responsible for the day-to-day operation of the WDC and shall see that all actions of the Board are carried into effect.
(B) The CEO shall be knowledgeable regarding municipal economic development and housing matters and shall be hired upon specifications and qualifications set by the Board.
(C) The CEO shall, subject to the by-laws of the WDC, hire employees, staff and consultants, and purchase good and services and construction necessary for the discharge of the duties of his office and the WDC as the CEO deems necessary and/or advisable within the limits of any sums appropriated for those purposes.
(D) The CEO shall report monthly to the Board on the conduct and management of the affairs of the WDC and shall also perform such other duties as are usual and customary to this office.
(Ord. passed 3-7-2005; Ord. passed 5-20-2019)
(A) The WDC shall keep and maintain a regular place of business within the city, which shall be open for business on a customary business schedule.
(B) The WDC shall, at all times, comply and comport itself in accordance with all applicable laws and regulations, as such may be amended, supplemented or replaced.
(Ord. passed 3-7-2005; Ord. passed 5-20-2019)
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