[Adopted 6-18-2012 by Ord. No. 2012-3062 (Ch. 18 of the 1996 Township Code)]
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.