[Adopted as Sec. 1.105 of the former Municipal Codebook;
amended 12-8-2008; 3-27-2023 by Ord. No. 1951-23]
The Economic Development Commission is created. The Commission
shall have seven members. Two Commissioners shall be members of the
Common Council and shall serve during their terms as Council members.
Five Commissioners shall serve staggered terms of three years. The
Commissioners shall be appointed by the Mayor subject to confirmation
by the Council and may include a maximum of two non-City residents
based on their expertise. The members of the Commission shall elect
the officers of the Commission.
The Commission shall carry on all projects of the City concerned
with economic development and recruitment and may work with any private
organization for such purpose. The Commission may also work with the
Community Development Authority and Community Development Block Grant
Committee in such development efforts.
All revenues raised by taxes by development promoted by the
Commission shall be handled by the Commission, which shall keep accurate
records of its expenditures and make a financial report to the Council
during December of each year.
A.
The Commission may acquire and develop sites for development purposes
to the extent permitted by § 66.1101, Wis. Stats., and acquire
sites for development that will expand the municipal tax base pursuant
to §§ 67.04(2)(a) and 62.22(1), Wis. Stats., and can
recommend to the City and its Community Development Authority and
Community Development Block Grant Committee the acquisition of sites
for development.
B.
The Commission may construct, own, lease and maintain buildings it
acquires for public purposes and may convey property for a fair consideration.
