[Ord. No. 3170, 12-18-2017]
A.
There is hereby created a special fund to be known as the "Economic,
Industrial and Airport Development Fund."
B.
Revenues for this fund shall be provided by the General Fund for
the City of Malden, the Board of Public Works, and the Airport Fund
in an amount set each year by the City Council.
C.
The City Council may provide that in-kind services be provided in
lieu of funds either by the City Council, the Board of Public Works,
or the Malden Regional Airport.
D.
Expenditures of this fund shall be used for any and all expenses
relating to economic industrial, and airport development within the
City of Malden. All expenditures from this fund shall be approved
by the City Council as all other bills are approved.
[Ord. No. 3170, 12-18-2017]
A.
There is hereby created in the City of Malden an "Economic, Industrial
and Airport Development Advisory Committee," which shall consist of
the Mayor, a City Council liaison, and one (1) representative of each
of the following economic interests within the City:
1.
Utilities, including but not limited to, the Malden Board of
Public Works;
2.
Banking or Financial Services;
3.
Real Estate Sales/Brokerage;
4.
Business employing twenty-five (25) or fewer persons on a full-time
basis;
5.
Businesses employing more than twenty-five (25) persons on a
full-time basis;
6.
Education, whether K-12 or secondary;
7.
Aviation;
8.
Malden Chamber of Commerce.
B.
Members shall serve for the following terms: one (1) member shall
fill a one-year term; two (2) members shall fill two-year terms; three
(3) members shall fill three-year terms; and three (3) members shall
fill four-year terms. All designated members, other than the Mayor,
shall be approved by the City Council as members of all other committees
are appointed and approved. A member need not be a citizen of Malden
so long as he or she represents one of the above economic interests
with bona fide economic operations within the City.
C.
As soon each year as possible, the members shall elect a Chairman
and Vice Chairman. No officer shall serve in the same capacity for
more than two (2) consecutive terms.
D.
The duties of the Economic, Industrial and Airport Development Advisory
Committee shall be in the form of recommendations to the Mayor, City
Council, City Administrator, and Director of Economic Development
for the growth of economic, industrial and airport development for
the City. Unless otherwise provided in this Code or by action of the
City Council, no officer, member, or board established under this
section shall have authority to supervise, direct, bind, or negotiate
on behalf of the City or any employee thereof.
E.
Six (6) members shall constitute a quorum of the Economic, Industrial
and Airport Development Advisory Committee and six (6) affirmative
votes shall be required for any recommendation thereof to be brought
before the City Council.
