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408.01 408.04 CHAPTER 408 • ECONOMIC DEVELOPMENT COMMISSION 408.01 Establishment.The Economic Development Commission is hereby established. The Economic Development Commission is referred to herein as the "Commission". 408.02 Purpose. The Commission shall serve as an Advisory Commission to the Economic Development Authority, hereinafter the "Authority", on matters relating to fostering a positive economic climate, encouraging economic development, and enhancing the tax base of the City. The Commission shall also make recommendations to the Authority regarding retention and expansion of existing businesses, attraction of desirable new businesses, redevelopment and rehabilitation opportunities, and other appropriate economic development strategies. 408.03 Composition. Subdivision 1. Appointed Members. Qualification of Members. Terms of Office. The Commission shall be composed of seven (7) equal voting members, including three business representatives and four residents, appointed by the Authority President with the approval of the Authority Board of Commissioners. Members shall have diverse qualifications • with practical experience consisting of, not limited to, but including one of the following areas - economics, finance, accounting, real estate, social services and marketing. Beginning January 1995, three members shall serve a one year term, two members shall serve two year terms and two members shall serve three year terms. Thereafter, members shall serve three year staggered terms, with terms expiring December 31 of each year. At least two of these terms, but not more than three terms shall expire each year. The appointees shall be duly sworn and take • office at the first regular meeting of the Commission in the month of January each year. Both original and successive appointees shall hold their offices until their successors are appointed and qualified(1988 Code, 32.03). Subdivision 2. Designated Members. In addition to appointed membership, one non-voting member shall be designated by the Authority to serve as liaison to the Commission. The term of the appointment.shall ordinarily be for one year, except that they will terminate with the office from which the non-voting appointment is derived. 408.04 Conflict of Interest No person shall be appointed with private or personal interest likely to conflict with the general public interest. If any person appointed shall find that his/her private or personal interests are involved in any matter coming before the Commission, he/she shall disqualify him/herself from taking part in action on the matter; alternatively, he/she may be disqualified by a two-thirds majority vote of the Commissioners in attendance. City of Mounds View