There shall be a Middletown Economic Development Committee (MEDC)
established as an advisory body to the Township Committee for the
purpose of fostering new economic growth and the retention of existing
businesses and industries within the Township. The MEDC shall seek
to facilitate the creation of a desirable business climate to promote
economic growth, job creation and the stabilization of commercial
tax ratables throughout the Township. The MEDC shall unite local business
leaders and elected officials to pool resources and ideas to maximize
the strengths and assets of the community and its workforce for the
benefit of all residents and businesses in the Township.
[Amended 1-21-2020 by Ord. No. 2020-3280]
The membership of the MEDC shall consist of nine individuals,
who shall serve with no compensation or benefits as follows:
A. A Mayor's designee appointed annually with the first appointee's
term expiring December 31, 2012.
B. Eight public members, including at least three members of the local
business community, appointed by the Township Committee to three-year
terms, however, being staggered as follows:
(1) Seats one and two with the first appointee's term expiring December
31, 2012.
(2) Seat three and four with the first appointee's term expiring December
31, 2013.
(3) Seats five and six with the first appointee's terms expiring December
31, 2014.
(4) Seat seven with the first appointee's term expiring December 31,
2021.
(5) Seat eight with the first appointee's term expiring December 31,
2022.
A Chair and Vice Chair of the MEDC shall annually be selected
by a simple majority of the MEDC's membership present at the first
meeting of the year. Officers shall serve until their replacement
is selected.
The MEDC shall meet monthly with a minimum of four members being
present to establish a quorum. The MEDC shall annually advise the
Township Clerk of its meeting dates for the year for posting on the
Township's website.