The City of Ventnor City hereinafter creates,
by this chapter, a body corporate and politic, to be known as the
Ventnor City Redevelopment Agency in accordance with the mandates
of N.J.S.A. 40:55C-6.
The governing body shall, by the creation of
this chapter, have the authority to appoint five Commissioners of
the Agency and the Mayor shall appoint one Commissioner of the Agency.
The Commissioners who are first appointed shall
be designated to serve for the following terms:
A. One for a term of one year.
B. One for a term of two years.
C. One for a term of three years.
D. One for a term of four years.
E. Two for terms of five years.
F. One member for a period of five years under the sole
appointing authority of the Mayor.
Subsequent to the initial appointments, each
Commissioner shall be appointed for a term of five years, with each
Commissioner under the initial appointment and subsequent appointments
remaining in said position until his or her successor has been appointed
and qualified. Any vacancy occurring in the office of a Commissioner,
from any cause, shall be filled in the same manner as the original
appointment but for the unexpired term only.
Upon the creation of the Ventnor City Redevelopment
Agency, the City of Ventnor City shall, in writing, notify the Commissioner
of Community Affairs of said creation. Upon said notification, the
Commissioner shall, pursuant to N.J.S.A. 40:55C-6, have a right to appoint one additional Commissioner to
the Agency who shall hold office at the pleasure of the Commissioner
of Community Affairs, in that said Commissioner may be removed from
office at anytime and a new appointment made by the Commissioner of
Community Affairs. Any vacancy occurring in the office of such additional
Commissioner, from any cause, shall be filled in the same manner as
the original appointment but for the unexpired term only.
Upon a determination by the Board of Commissioners
of the City of Ventnor City by a majority vote, the Agency, as created
under this chapter, can be disbanded, and any assets which may be
under its control shall revert forthwith to the City of Ventnor City
and be within the jurisdiction of the Board of Commissioners of the
same.