[Adopted 3-1-2004 (Ch. 3 of the 1982 Code)]
In order to advertise the advantages of Borough of Swedesboro, to analyze the economic potential and development of Borough of Swedesboro and to mobilize and assist in the development of potential resource and economic conditions of the Borough, there is hereby created and established by this article a committee to be known as the "Business Development Advisory Committee of the Borough of Swedesboro."
A. 
The members of the Committee shall be appointed by the Mayor with advice and consent of the Borough Council. Each member shall be, for the last five years preceding his appointment, a citizen of the United States and a qualified voter of the State of New Jersey. One member shall be appointed for one year; two members for two years; two members for three years; and two members for four years. At the expiration of each of the above terms, the new member or members shall be appointed for a term of four years. Vacancies in the membership of the Committee, occurring for whatever cause, shall be promptly filled by appointment for the unexpired term thereof. The appointments shall take place in the same manner in which the original appointments are made. Members shall serve for their respective terms and until their successors are appointed and qualified.
B. 
The Mayor, Borough Planner and Borough Clerk shall automatically be nonvoting members of the Committee in addition to the seven voting members.
C. 
Each voting member shall be chosen with a view to his/her qualifications and fitness for service, shall have had experience in industry and commerce, shall be conversant with the economic needs and facilities in the Borough of Swedesboro and shall be of known devotion to public service.
D. 
All terms set forth in Subsection A herein shall expire on December 31. A member appointed for one year shall expire December 31, 2004, the two-year terms shall expire December 31, 2005; three-year terms shall expire December 31, 2006; four-year terms shall expire December 31, 2007. At the expiration of each of the above terms, the new member or members shall be appointed for a term of four years beginning January 1 of the given year.
Members of the Committee shall annually choose from among its voting members a Chairman and such other officers as it may deem necessary. A majority of the voting members shall constitute a quorum.
The members and officers of the Committee shall serve without compensation except for legitimate costs approved by the Borough Council upon proper submission and review.
Each member and officer of the Committee shall, before assuming office, take and subscribe an oath that he/she will faithfully and impartially discharge the duties of his/her office.
The Business Development Advisory Committee shall be strictly an advisory committee. It shall perform the functions and exercise the powers hereinafter enumerated:
A. 
It will develop ways and means of attracting industry and commerce into Borough of Swedesboro within budgetary limitations.
B. 
It will make recommendations to attract this industry and commerce and forward the same to the Mayor and Borough Council for consideration.
C. 
It will assist in coordinating programs and projects aimed at the retention of existing businesses, as well as the attracting of new or expanded business opportunities within the Borough of Swedesboro.
D. 
It will submit written reports to the Mayor and Borough Council outlining its recommendations and advice on business developments within the Borough of Swedesboro.
The Committee shall not have any powers other than those set forth, and specifically shall have no power to pledge the credit of the municipality or to enter into contracts or authorize to create debts except as authorized. It shall operate within the appropriation made by the Borough Council in its annual budget. The Committee shall make an annual report to the municipality during December of each year, setting forth, in detail, its operations and recommendations covering the preceding 12 months.