[Adopted by Ord. No. 94-13 (Sec. 2-35 of the 2002 Revised General Ordinances)]
There is hereby established an Economic Development Committee which shall consist of five members, classified and appointed as follows:
All members of the Committee shall serve without compensation. The terms of the members comprising Classes I and II shall correspond to their respective terms of office. The terms of the members of Class III shall be for a period of three years, running from the date of appointment; provided, however, that the initial appointments of members of Class III under this article shall be staggered, i.e., one for a term of one year, one for a term of two years, and one for a term of three years, all running from the date of appointment. All appointments thereafter made shall be for a term of three years.
Appointments to fill vacancies of Class III members shall be for the unexpired term only.
The Committee shall act in an advisory capacity to the Mayor and Township Council on all matters concerning industrial, business and commercial development within the limits of the Township of Clark, not in conflict with the rights and duties of the Clark Township Planning Board. The Committee shall have full and complete charge of all expenditures of funds allocated to the Committee by the budget of the Township, and the Township shall not be liable for any amount greater than that appropriated for the Committee by the Township Council. The Committee may solicit funds from interested citizens or other governmental agencies.
The Committee shall elect a Chairman and create and fill such other offices as it shall deem necessary and shall create and fill such committees and positions not limited to its membership as it shall deem necessary.
The Committee shall have the power to adopt bylaws and rules and regulations, subject to the approval thereof by the Township Council.
The Committee shall have the power to make recommendations to the Township Council and shall periodically render reports of its activities to the Township Council.