There is hereby created the Local Redevelopment
Board (hereafter referred to as the "LRB").
Meetings will be held monthly or at the call
of the Chairperson of the LRB until such time that its purpose is
met or it is sooner dissolved by approval of 2/3 of the voting membership
present.
For the purpose of conducting business, a majority
of the Executive Committee with general membership as advisory shall
constitute a quorum. Majority rules. This applies to general meetings,
committee meetings, and Executive Committee meetings.
The City of Parsons shall be designated applicant
for any grant submitted on behalf of the LRB. Parsons Commercial Bank
shall be official depository for the LRB.
Administrative staff support to the LRB shall
be provided by the City of Parsons. The Executive Director will report
to the City Manager and to the LRB Chairperson; the Administrative
Assistant will report to the Executive Development Director.
The mission of the Local Redevelopment Board
is to use tools developed in studies commissioned by the predecessor
organization and to stimulate economic activity inside and outside
of KAAP, to include all areas that have suffered severe economic impact
as a result of the downsizing of the KAAP. The Local Redevelopment
Board will also conduct or cause to be conducted any further studies
necessary to fulfill the purpose of the LRB.