[Adopted 2-19-1975 by Ord. No. 5-75]
There is hereby established a special committee to be known and designated as the "Industrial Development Committee of the Borough of Eatontown," the members of which shall be appointed by the Mayor with the consent of the Borough Council.
A. 
The Committee shall consist of not more than 11 members, including the two ex officio members referred to herein. The members shall preferably be residents of the Borough of Eatontown. However, this shall not preclude the appointment of a nonresident member of exceptional qualifications and interest in the Borough of Eatontown. All members shall be selected on the basis of qualifications and fitness on the Committee.
B. 
Three members of the Committee shall be appointed for a term of one year and until the appointment and qualification of their successors; three members of the Committee shall be appointed to serve for a term of two years and until the appointment and qualification of their successors; and three members of the Committee shall be appointed for a term of three years and until the appointment and qualification of their successors. All subsequent terms thereafter shall be for a period of three years.
C. 
The members of the Committee shall serve without compensation.
D. 
The Mayor and President of the Borough Council shall be ex officio members of the Committee.
E. 
The members of the Committee shall choose from among its members a Chairman and such other officers as it may deem necessary.
The duties of the Committee shall be as follows:
A. 
To promote and recommend to the Mayor and Council the development of industry in the Borough, and to explore and make recommendations to the various public bodies of the Borough of Eatontown for the expansion of industrial growth.
B. 
To conduct studies and surveys of the opportunities for industrial expansion and development in the Borough of Eatontown.
C. 
To analyze the several and various industries throughout the country, with a view to ascertaining the type of industry best suited to the economic and social improvement of the Borough of Eatontown.
D. 
To recommend to the Planning Board, Environmental Commission and Borough Council desirable and suitable areas within the Borough for the location of industry and light manufacturing.
E. 
To recommend to the Planning Board and the Mayor and Council of the Borough of Eatontown reasonable and desirable restrictions concerning industrial sites, in order to safeguard property values of established residential and business areas in the Borough.
F. 
To promote the advantages of the Borough of Eatontown for industrial settlement.
G. 
To encourage expansion of existing industry and business to the best interest of the Borough of Eatontown.
H. 
To prepare, develop and distribute any and all types of material and data advertising the advantages of the Borough of Eatontown to new business and industry.
I. 
To make quarterly annual reports to the Mayor and Council of the Borough of Eatontown setting forth therein and detailing the activities and operations of the Committee during the preceding three months.
The Committee shall receive, from all officials and all authorized boards, departments and offices of the Borough of Eatontown, such assistance as may be required by the Committee in performing its duties. The Committee shall also be given access to all municipal records and information which may assist the Committee in the performance of its duties.
There shall be appropriated in each annual budget of the Borough of Eatontown such sum as may be determined by the Borough Committee to be necessary for the purpose of advertising the advantages of this municipality, and the Committee herein established is authorized to use and expend said funds for such purposes upon the adoption of the annual budget.