There is hereby established a commission to be known as the "Economic Development Commission" for the Township of Brick, which shall consist of seven members and a Director as directed by the Mayor and Council of the Township of Brick from time to time.
A. 
The members of the Commission shall be appointed by the Mayor and confirmed by the Council of the Township of Brick. The terms of each member shall run concurrent with the Mayor's term of office. Vacancies in the membership of the Commission, occurring for whatever cause, shall be promptly filled by appointment by the Mayor. At the first meeting of the Commission, a Chairperson and Secretary shall be elected by a majority vote of the Commission to serve for terms of one year and such further terms as the Commission shall elect thereafter from year to year.
B. 
The Director of the Commission shall be appointed by the Mayor and may be removed from the position at the discretion of the Mayor.
The Commission shall be strictly an advisory council and shall perform the functions and exercise the powers hereinafter enumerated:
A. 
It will develop ways and means of attracting industry into Brick Township within budgetary limitations.
B. 
It will make recommendations to attract industry and forward the same to the Mayor and Township Council for consideration.
C. 
The Commission shall not exercise any power of condemnation or eminent domain and shall not be authorized to pledge the credit of the Township of Brick or to create any debt against or in any manner act as the agent of said Township of Brick.
D. 
It shall classify vacant lands according to their adaptability for the settlement thereon of various types of industrial and commercial enterprises.
E. 
The Commission so established and its successors in office shall make a study of the tax structure with a view to reducing the tax burden of the Township of Brick.
F. 
The Director for the Commission shall make an annual report to the Mayor and Council setting forth, in detail, its operations and transactions for the preceding 12 months. The Commission shall keep complete and accurate records of its account and shall not exceed its budget, and moneys received from the Township of Brick shall be expended only for the purposes for which they have been appropriated.
G. 
The Council member serving as a member of the Planning Board shall serve as liaison to the Commission. The Commission liaison shall be, in addition, responsible for providing the Commission with information as to the status or pendency of applications involving such commercial developments and/or land use matters before either Board relevant to the economic development of the Township of Brick.