[Adopted 4-12-2004 by Res. No. 2004-08]
On the basis of the findings and determinations herein recited,[1] the governing body declares that a need for blight elimination,
slum clearance, urban renewal, and community development programs
and projects and housing projects exists in the Village and does hereby
create a CDA in the Village, to be known as the "Community Development
Authority of the Village of Sherwood, Wisconsin" (the "Sherwood CDA"),
established and authorized to transact business and exercise any and
all powers granted to a CDA under the Community Development Authority
Law and other applicable law, as amended from time to time.
[1]
Editor's Note: Said findings and determinations are recited
on the official copy of Res. No. 2004-08, which is on file and available
for review in the Village offices.
The Village President shall, with the confirmation of the governing
body, appoint seven resident persons having sufficient ability and
experience in the fields of urban renewal, community development,
and housing to serve as Commissioners of the Sherwood CDA. Two of
the Commissioners shall be members of the governing body and shall
serve during their term of office as members of the governing body.
This article shall be effective immediately upon its passage
and approval. Upon such approval, the Village Clerk-Treasurer shall
promptly transmit a certified copy of this article to the Village
President. As evidence of the Sherwood CDA's right to transact business,
the governing body shall cause a certified copy of this article to
be filed with the Village Clerk-Treasurer. The Sherwood CDA shall
have an official seal.
