[HISTORY: Adopted by the Board of Supervisors of Adams County 10-15-1991 by Ord. No. 14-1991; amended in its entirety 7-19-1994 by Ord. No. 8-1994. Subsequent amendments noted where applicable.]
The Board specifically finds that there is a need for an agency to foster and encourage the economic development of Adams County.
The Agency is hereby created in accordance with § 59.57(2), Wis. Stats., titled the "Industrial Development Law," expressly adopting all its powers and limitations.
Articles of incorporation and bylaws shall be drafted, made available for inspection for at least 30 days and then submitted to the County Board for approval.
The County Board, upon recommendation of the Administrative and Finance Committee, shall appropriate the necessary funds for the operation for the agency.
The articles of incorporation shall provide for the following members of the Agency who shall serve as the Board of Directors: representatives from the Adams Columbia Electric Cooperative, the Adams County Board of Supervisors, Adams County banks, the local business community, the City of Adams, and the Village of Friendship. The Board of Directors should reflect the diversity of needs in Adams County. The following officials shall, by virtue of their positions, be considered ex officio members of the Board and may attend meetings of the Board of Directors: President of the Village of Friendship, Mayor of the City of Adams, and all chairs of all town boards within Adams County. The Board of Directors may extend ex officio status to school officials, County Board personnel, or anyone else, should it choose to do so.
The agency shall have all authority granted in accordance with § 59.57(2)(f), Wis. Stats., to include (but not limited to) granting financial aid and loans to foster development, purchase real property, loan and borrow monies, and to enter into contracts deemed necessary and helpful which encourage and foster development, including other agencies and nonprofit organizations.
The Agency shall be audited in accordance with § 59.57(2)(g), Wis. Stats., by the County Auditor.