[HISTORY: Adopted by the Board of Commissioners of the City of Bordentown 2-25-2008 by Ord. No. 2008-04. Amendments noted where applicable.]
There is hereby established an advisory committee which shall be known as the "Bordentown City Economic Development Advisory Committee."
The Bordentown City Economic Development Advisory Committee shall assist in the development and maintenance of a positive business environment in the City of Bordentown, shall foster an appropriate mix of business types throughout the City and shall work to avoid a proliferation of vacant or underused commercial properties and the nuisances inherited with such conditions. The Committee shall perform the following functions:
Prepare a commercial use survey and inventory for the City to monitor types of commercial uses, commercial tax ratables and the availability of vacant or underused commercial property, including property that could be used for commercial purposes.
To establish guidelines and strategies to attract and assist businesses which are appropriate businesses that will maximize the commercial tax ratables and be a contributing part of the City's economic and social life.
Coordinate efforts with any federal, state, county, regional and/or private economic development agencies to foster and perpetuate a successful and commercial environment in the City and to give guidance and information to businesses which desire to start up or relocate in the City.
Encourage reinvestment in existing but unused or underused commercial structures in the City.
Research the availability of and prepare applications for grants and/or funding, subject to the approval of the Board of Commissioners, which would help facilitate economic development.
Confer with and advise the Planning Board and Board of Commissioners concerning land use issues which may have an impact upon the commercial and industrial uses of the City.
Report semiannually to the Planning Board and the Board of Commissioners on the state of the City's business community with recommendations for improvement.
This Committee shall be composed of eight voting members and one alternate member. Classes II through VII and the alternate member shall be appointed by the Mayor, with preference given to the prospective appointees who have training or experience in small business operation, commercial real estate, financing, banking, municipal planning or law.
[Amended 9-14-2009 by Ord. No. 2009-13; 6-11-2012 by Ord. No. 2012-05]
Class I. The elected Director of Revenue and Finance shall be a member of this Committee.
Class II. There shall be one member who is a member of the City of Bordentown Planning/Zoning Board.
Class III. There shall be one member who is a member of the Downtown Bordentown Association or its successor business organization.
Class IV. There shall be one member who is a member of the Regional Business Organization or a governmental unit involved with economic development.
Class V. There shall be one member who shall possess the background, education or experience relating to the financial sector, particularly the banking industry.
Class VI. There shall be one member who shall possess the background, education or experience relating to the real estate sector, particularly commercial or industrial real estate.
Class VII. There shall be two additional at-large members who shall possess the characteristics of any Class II through Class VI memberships.
Alternate member. There shall be one alternate member who shall possess the characteristics of any Class II through Class VII memberships. The alternate shall only have the power to vote in the absence or disqualification of one of the Class II through Class VII members.
[Added 6-11-2012 by Ord. No. 2012-05]
The members of the Committee shall serve without compensation.
No member may act on any matter in which the member has, either directly or indirectly, any personal or financial interest.
Terms of office shall be as follows:
The Class I member's term will run concurrent with his/her term in office as a Commissioner.
The Class II member's will run concurrent with his/her term in office as a Planning Board Member.
The initial term of the Class III member shall be three years; the initial term of the Class IV member shall be two years; the initial term of the Class V and Class VI members shall be one year; thereafter, the Class III, IV, V and VI members shall be appointed for three-year terms.
The initial term of the Class VII positions shall be three years for the first at-large position and two years for the second at-large position; thereafter, the at-large membership positions shall be appointed for three years.
[Added 9-14-2009 by Ord. No. 2009-13]
Vacancies. If a vacancy occurs in any class other than by expiration of term, it shall be filled by an appointment as provided for the unexpired term.
Removal from the Advisory Committee. Any member, other than the Class I member, after a public hearing, if he/she shall request one, may be removed by the Board of Commissioners for cause.
The Committee shall, at its first organizational meeting, and at each annual reorganizational meeting thereafter, elect a chairperson and vice chairperson from among its members and select a secretary, who may or may not be a member of the Committee or a municipal employee.
The Board of Commissioners shall provide for the Economic Development Advisory Committee in its budget and shall appropriate funds for its expenses. The Economic Development Advisory Committee shall not, however, exceed, exclusive of gifts or grants, the amounts appropriated by the Board of Commissioners for its use.