HISTORY: Adopted by the Mayor and Council of the Borough of Riverton 8-10-2016 by Ord. No. 7-2016. Amendments noted where applicable.
[Amended 5-19-2020 by Ord. No. O-2020-03]
A. 
The Borough of Riverton Economic Improvement Committee is hereby established.
B. 
The Committee shall consist of nine members, appointed by the Mayor of the Borough of Riverton; six of its members must own a business, the seventh, eighth and ninth can be residents of this municipality and serve without compensation.
A. 
All members shall serve for a term of two years, shall take effect on January 1 next succeeding such appointment.
B. 
Officers. The Council Chair shall choose annually from its Committee a Chairperson/President.
C. 
Removal. Council may remove any member of the Committee for cause, or written charges served upon the member and after a hearing thereon at which the member shall be entitled to be heard in person or by counsel.
A. 
To inquire into, survey and publicize the extent, advantages and utility of vacant land with the Borough and to classify such vacant land according to its adaptability to various types of business, professional and industrial enterprise.
B. 
To study and analyze various businesses, and industries and professions with a view to ascertaining the opportunities for expansion of such business and industries within the Borough.
C. 
To work with existing Borough businesses in order to aid in their development and expansion.
D. 
To work with other local, County, State and Federal Economic Development entities, by communications through the Chair and his Committee on behalf of the EDC, in order to advance the Borough of Riverton economic plan.
E. 
Recommend to the economic advantages and opportunities and availability of real estate in the Borough, and encourage and accomplish business, industrial and professional settlement with the Borough of Riverton.
F. 
The Chair of the Committee shall report to the Mayor and Council on a monthly basis as to the progress of the Committee.
A. 
The Mayor and Council shall have financial duties with references to the EDC. Said Committee shall annually review the budgetary request and records of said Committee and in general maintain financial control of its operation.
B. 
The Borough Council shall annually appropriate such sum as it may deem necessary for various membership fees, training, attending seminars etc.
C. 
The Economic Improvement Committee is authorized to require the fee of $100 to be paid by a vendor for municipal events.
[Added 5-19-2020 by Ord. No. O-2020-03]
NOTE: The Economic Development Committee shall not have any powers other than those set forth, and specifically shall have no power to pledge the credit of the Borough or to enter into contracts or to otherwise create debts except as herein authorized; and shall operate within the appropriation made by the Borough of Riverton Council in its annual budget.