[Adopted 1-28-1992 by Ord. No. 2-92 (Ch. 60 of the 1977 Township
Code)]
There is hereby established an Economic Development Committee
for the Township of Eagleswood, which Committee shall consist of seven
members and two alternates to be appointed by the Mayor with the advice
and consent of the Township Committee.
A.
The Mayor, with the advice and consent of the Township Committee,
shall appoint two members for a one-year term, three members for a
two-year term and two members for a three-year term. Upon the expiration
of the initial terms of appointment, all reappointments shall be for
a term of two years. Any vacancy which occurs prior to the expiration
of the term for that member shall be filled for the unexpired term
only.
B.
At the first meeting of the Economic Development Committee, a Chairperson
and Secretary shall be elected by a majority vote of the Committee
members to serve for terms of one year.
The Committee 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 commercial enterprise
to Eagleswood Township.
B.
It will make recommendations to attract commercial enterprise toward
the same to the Mayor and Township Committee for consideration.
C.
The Committee shall not exercise any power of condemnation or eminent
domain and shall not be authorized to pledge the credit of or to create
any debt against the Township of Eagleswood or in any manner act as
the agent of said Township of Eagleswood.
D.
It shall classify vacant lands according to their adaptability for
the settlement thereon of various types of commercial enterprises.
E.
The Committee shall make a study of the tax structure with a view
to reducing the tax burden on the residents of the Township of Eagleswood.
F.
The Chairman for the Committee shall make an annual report to the
Mayor and Township Committee setting forth, in detail, its operations
and transactions for the preceding 12 months. The Committee shall
keep complete and accurate records of its meetings.
G.
The Committee can utilize the services of the Township Attorney and
Township Engineer upon approval of the Township Committee.
H.
The Committee is not authorized to expend any funds in its own name.
Any expenditures must be approved and authorized by the Township Committee.
