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4 ,. _ <br />� <br />: � � � <br />CHAP'�'�R �108 <br />�COIVOMIC I)IEVELOPM�I�1T COMIVIISSIOt� <br />40�.0� <br />408.01 Establishment.The Economic Development Commission is hereby <br />established. The �conomic Development Commission is referred to herein as the <br />"Commission". <br />408.02 Pui-pose. The Commission shall serve as an Advisory Commission to <br />the Economic Development Authority, hereinafter the "Authority", on matters relating to <br />fostering a positive economic climate, encouraging economic development, and enhancing the <br />taY base of the City. The Commission shall also mal<e recommendations to the Authority <br />regarding retention and expansion of existing businesses, attraction of desirable new businesses, <br />redevelopment and rehabilitation opportunities, and otller appropriate economic development <br />strategies. <br />408.03 Com�osition. <br />Subdivision 1. �pointed Members, Terms of Office. The Commission <br />shall be composed of seven (7) equal voting members appointed by the Authority President with <br />the approval of the Authority Board of Commissioners. Members shall serve three year <br />staggered terms, with terms eYpiring December 31 of each year. At least t�vo of these terms, but <br />not more than three terms shall eYpire each year. The appointees shall be duly sworn and take <br />office at the fitst rebular meeting of the Commission in the month of January each year. Both <br />original and successive appointees shall hold their offices until their successors are appointed and <br />qualified. <br />Subdivision 2. Designated Members. In addition to appointed membership, one <br />non-votin� member shall be designated by the Authority to serve as liaison to the Commission. <br />The term of the appointment shall ordinarily be lor one year, e�ccept that they will terminate �vith <br />the office from which the non-voting appointment is derived. <br />408.0� Oualitication of 1�lembers. No person shall be appointed with private or <br />personal interest likely to conflict with the general public interest. If any person appointed shall <br />find that his/her private or personal interests are involved in any inatter coming before the <br />Commission, he/she shall disqualify him/herself from takin� part in action on the matter; <br />alternatively, he/she may be disqualified by a two-thirds majority vote of the Cominissioners in <br />attendance. <br />408.05 Compensation. iVlembers of the Coinmission shall serve ��ithout <br />compensation. <br />City of i�Iounds View - Draft EDA - 5\23\94 <br />