HISTORY: Adopted by the Township Committee of the Township of Colts Neck 11-30-2016. Amendments noted where applicable.]
Township Committee — See Ch. 66.
There shall be a Colts Neck Economic Development Committee (CNEDC) 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 CNEDC 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 CNEDC 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.
The Colts Neck Economic Development Committee (CNEDC) shall be composed of five members, to be selected and appointed by the Township Committee, who shall be residents of the municipality with not more than two members of the Colts Neck Business Association, and shall serve without compensation.
A member of the Township Committee will be appointed as a liaison non-voting member to the CNEDC to a one-year term, expiring December 31 annually.
Seat 1: The President of the Colts Neck Business Association, or a designee selected by the President.
A Chair and Vice Chair of the CNEDC shall be selected annually by a simple majority of the CNEDC's membership present at the first meeting of the year. Officers shall serve until their replacement is selected.
The CNEDC shall meet monthly with a minimum of three members being present to establish a quorum. The CNEDC shall annually advise the Township Clerk of its meeting dates for the year for posting on the Township's website.
The Committee shall not exercise any power of condemnation or eminent domain and shall not be authorized to pledge the credit of the Township or any other municipality or the State of New Jersey or to create any debt against or in any manner act as the agent of the Township.