[HISTORY: Adopted by the Town Meeting of the Town of Middlefield 5-28-1963 (Ch. 11, Art. VII, of the 1990 Code); amended in its entirety at time of adoption of Code (see Ch. 1, General Provisions, Art. I). Subsequent amendments noted where applicable.]
The Town hereby establishes an economic development commission in accordance with § 7-136 of the Connecticut General Statutes for the promotion and development of the business and industrial resources of the Town, with all of the powers and duties provided for in such section or any amendment thereto.
The Economic Development Commission shall consist of five residents of the Town, not more than four of whom may be of the same political party, and who shall be appointed by the Board of Selectmen to serve for a term of five years.
Any vacancy in the Economic Development Commission may be filled in accordance with Charter § 603.
The members of the Economic Development Commission shall receive no compensation in accordance with Charter § 601 but shall be reimbursed for necessary expenses incurred in the performance of their official duties.
The annual appropriation, which may not exceed 1/20 of 1% of the last completed Grand List of taxable property, for the expenses of the Economic Development Commission is to be applied for from the Board of Finance.