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408.01 408.05 <br /> • CHAPTER 408 <br /> ECONOMIC DEVELOPMENT COMMISSION <br /> 408.01 Establishment.The Economic Development Commission is hereby <br /> established. The Economic Development Commission is referred to herein as the <br /> "Commission". <br /> 408.02 Purpose. 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 /> tax base of the City. The Commission shall also make recommendations to the Authority <br /> regarding retention and expansion of existing businesses, attraction of desirable new businesses, <br /> redevelopment and rehabilitation opportunities, and other appropriate economic development <br /> strategies. <br /> 408.03 Composition. <br /> Subdivision 1. Appointed Members, Qualification of Members. Terms of Office. <br /> The Commission shall be composed of seven(7) equal voting members, including three <br /> • e business representatives and four residents, appointed by the Authority President with thapproval of the Authority Board of Commissioners. Members shall have diverse qualifications <br /> with practical experience consisting of, not limited to, but including one of the following areas <br /> - economics, finance, accounting, real estate, social services and marketing. Members shall <br /> serve three year staggered terms, with terms expiring December 31 of each year. At least two of <br /> these terms, but not more than three terms shall expire each year. The appointees shall be duly <br /> sworn and take office at the first regular meeting of the Commission in the month of January <br /> each year. Both original and successive appointees shall hold their offices until their successors <br /> are appointed and qualified. (1988 Code, 32.03) <br /> Subdivision 2 Designated-Members. In-addition-to-appointed-membership—one <br /> non-voting member shall be designated by the Authority to serve as liaison to the Commission.' <br /> The term of the appointment shall ordinarily be for one year, except that they will terminate with <br /> the office from which the non-voting appointment is derived. <br /> 408.04 Conflict of Interest 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 matter coming before the <br /> Commission, he/she shall disqualify him/herself from taking part in action on the matter; <br /> alternatively, he/she may be disqualified by a two-thirds majority vote of the Commissioners in <br /> attendance. <br /> III408.05 Compensation. Members of the Commission shall serve without <br /> compensation. <br /> City of Mounds View <br />