[Adopted 8-6-2008 by Ord. No. 17-2008]
The Borough hereby creates the Eatontown Economic Development Committee as an advisory committee for purposes of addressing the economic development needs of the Borough and advising the Borough Council of actions the Council may undertake to assist in the economic development of the Borough, while serving as a liaison between the Borough and businesses and industries within the Borough, as well as to prospective businesses and industries in the Borough, and to enhancing economic growth within the Borough of Eatontown.
The members of the Eatontown Economic Development Committee shall receive no compensation for their services but may be reimbursed for reasonable and necessary appropriations made available therefor, but only upon request to and approval by the Borough Council.
The powers and duties of the Eatontown Economic Development Committee shall be as follows:
A. 
Monitor the current state of the Eatontown economy.
B. 
Explore and recommend ways to foster growth in Eatontown's economy.
C. 
Alert the governing body of potential positive and negative issues that could impact the local economy.
D. 
Serve as a potential interface to prospective commercial entities interested in locating in Eatontown.
E. 
Market the attributes of doing business in Eatontown.
F. 
Monitor declared Fort Monmouth closing and proposed redevelopment activities and their potential impact on Eatontown.
G. 
Provide input to Planning and Zoning Boards on potential projects planning to settle in Eatontown.
H. 
Recommend updated zoning for its viability under current economic conditions.
I. 
Make recommendations to both the Borough's governing body and to businesses and industries within the Borough that will foster economic vitality within the Borough of Eatontown.
J. 
Perform those duties and recommendations assigned by the Borough Council involving economic development.
[Amended 2-25-2009 by Ord. No. 01-2009]
A. 
The Mayor, with the advice and consent of the Borough Council, shall appoint a minimum of 11 regular members to the Committee based upon title and geographic distribution within the municipality, serving for one-year terms, plus four ex-officio and nonvoting members, which shall consist of the Manager of Monmouth Mall, the Chairman of the Industrial Way Association, the Eatontown Borough Administrator and an Eatontown Borough Council liaison.
B. 
The 11 regular voting members of the Committee classified as geographic members shall be as follows:
(1) 
A manager of a Monmouth Mall anchor store.
(2) 
An individual representing a business entity located on Industrial Way East.
(3) 
An individual representing a business entity located on Industrial Way West.
(4) 
An individual representing a business entity located on Route 35 north of Route 36 but south of the Eatontown Historic District.
(5) 
An individual representing a business entity located on Route 35 south of Route 36.
(6) 
An individual representing a business entity located on Route 36 west of Route 35.
(7) 
An individual representing a business entity located on Route 36 east of Route 35.
(8) 
An individual representing a business entity located in Eatontown's Historic District in the area of Broad Street/Main (Route 35).
(9) 
An individual representing Eatontown's hotel and motels.
(10) 
Two residents of the Borough of Eatontown.
C. 
The Mayor, with the advice and consent of the Borough Council, may supplement the basic Committee with individuals expressing interest in the objectives of the Committee, giving them participation rights but not voting rights. These members will be classified as "alternate" Committee members. Alternate Committee members are capable of voting when a regular member is absent from a meeting. Alternate Committee members shall be numbered to determine priority of voting in lieu of regular members who are absent from meetings.
Allocation of budget for purposes of the Committee shall be that provided or supplemented by the Borough Council through its Borough budget.
The Committee shall select its own Chairperson, Vice-Chairperson and Secretary at its annual meeting to conduct its meetings and maintain records in the form of minutes. The Eatontown Economic Development Committee shall determine when it shall meet and how often, and the Borough shall provide facilities for meetings and, upon request if needed, any paid staff assistance or professional assistance.