A.
Title. The title of the agency is the "Union City Redevelopment Agency."
B.
Duration. The redevelopment agency shall cease to exist five years from October 1, 1999.
C.
Terms of Commissioners.
(1)
Number of members; appointment. There shall be seven Commissioners of the Redevelopment Agency, who shall be appointed by the Board of Commissioners by a majority vote of those present at the meeting establishing the appointments.
(2)
Terms.
(a)
The terms for these Commissioners shall be five years, except that the first appointees shall be designated as one having a term of one year, one having a term of two years, two having terms of three years, one having a term of four years and two having terms of five years.
(b)
Each Commissioner shall hold office for the term of his/her appointment and until his/her successor has been appointed and qualified.
(3)
Requirements. Two Commissioners may be officers or employees of the City.
(4)
Vacancies. Vacancies for the unexpired term shall be filled in the same manner as the original appointment.
D.
Commissioner appointments.
(2)
Certificate of appointment or reappointment. A certificate of appointment or reappointment of each Commissioner shall be filed with the Clerk.
(3)
Compensation; reimbursement. A Commissioner shall receive no compensation for his services but shall be entitled to reimbursement for actual expenses incurred in the discharge of his/her duties, including travel expenses.
(4)
Quorum. Four Commissioners shall constitute a quorum for the purposes of conducting business and exercising powers and all other purposes. Action may be taken upon the affirmative vote of a majority, but not by less than four Commissioners present, unless in the case that the bylaws of the agency shall require a larger number.
(5)
Officers. The agency shall select a Chairman and a Vice Chairman from among the Commissioners, and it shall employ an Executive Director who shall be its secretary.
E.
Conflicts of interest.
(1)
Conflict. No Commissioner or employee of an agency shall acquire an interest, direct or indirect, in any redevelopment project, or in any property included or planned to be included in a project, nor shall (s)he have any interest, indirect or direct, in any contract or proposed contract for materials or services to be furnished or used in connection with the project.
(2)
Disclosure. If any Commissioner or employee of any agency owns or controls an interest, direct or indirect, in any property included or planned to be included in a project, (s)he shall immediately disclose same, in writing, to the agency and a disclosure shall be entered into the minutes of the agency. Failure to disclose such an interest shall constitute misconduct in office. An employee making such a disclosure shall not participate in any action by the agency affecting the property.
(3)
Removal. A Commissioner may be removed by action of the Board of Commissioners after being given a copy of the charges at least 10 days prior to a hearing and an opportunity to be heard. A record of these proceedings, together with the charges and findings, shall be filed with the office of the Clerk of the City.
F.
Executive Director. An Executive Director of a Redevelopment Agency shall be appointed in accordance with the requirements of N.J.S.A. 40A:12A-12 et seq.
G.
Vested authority. All redevelopment authority in the City, both residential and commercial, shall be vested in the Union City Redevelopment Agency.