[Amended 12-9-2014]
The Economic Development Commission shall be
composed of nine members who shall be appointed by the General Manager
and shall either be an elector of the Town or an owner and operator
of a business in the Town. The initial appointees shall serve staggered
terms, and thereafter members shall be appointed to serve for five
years effective November first of each year. Any vacancy in the membership
of the Commission shall be filled for the unexpired portion of the
term by the General Manager.
The Economic Development Commission shall elect
its own Chairman and such other officers as it shall from time to
time determine.
The members of the Economic Development Commission
shall receive no compensation for their services, but their necessary
and actual expenses incurred in the performance of their official
duties shall be paid by the Town within the limits of any appropriation
made therefor.
The Economic Development Commission shall:
A. Study and investigate conditions affecting Manchester
industry, business, commerce, agriculture, recreational and residential
facilities, and promote and encourage the preservation, expansion
and development of such industry, business, commerce, agriculture,
recreation and residential facilities within the Town and the state.
B. Promote and encourage the location and development
of new industry, business, commerce, agriculture, recreational and
residential facilities in the Town.
C. Collect, compile and disseminate information relative
to the natural and economic resources of the Town.
D. Cooperate with promotional and research groups and
agencies, with agencies of the state and its political subdivisions
and with agencies of the federal government, other states and towns,
in the execution of its duties.
Meetings of the Economic Development Commission
shall be held at least once a month and at such other times as the
Commission shall determine. The Commission is empowered to adopt rules
and regulations for putting into effect the provisions of this article,
which rules and regulations shall not be inconsistent with the provisions
hereof and which rules and regulations shall be approved by the Board
of Directors.
The Economic Development Commission shall make
a written report of its activities to the Board of Directors annually
and such other special reports as the Board of Directors may request
from time to time.
The Economic Development Commission is authorized
to receive and, upon order of its Chairman, to pay over to the Town
Treasurer any moneys from any source, including contributions made
for the purposes of such Commission by individuals, corporations or
associations, or any amounts from the sale of any printed matter or
other material. Such receipts when so turned over to the Treasurer
shall become part of the general fund of the Town, and the Commission
is authorized upon the order of its Chairman and subject to the approval
of the Comptroller to expend for its purposes such receipts. The Commission
is further empowered to enter into contracts from time to time for
the purposes of this article, such obligations to be met from any
appropriation or other funds made available to it as herein provided.