[R.O. 1957, 2:19-1, as amended Oct. 17, 1966]
Within the Department of Administration and Finance shall be established the Economic Development Committee which shall consist of thirteen (13) members classified and appointed as follows:
Class I
The Mayor.
Class II
Two (2) members of the members of the Council to be appointed by the Mayor with the advice and consent of the Council.
Class III
Director of the Department of Administration and Finance.
Class IV
Nine (9) other members to be appointed by the Mayor with the advice and consent of Counci1.[1]
[1]
Cross reference: As to the Development Committee, see Section 2:6-2 of this Code
[R.O. 1957, 2:19-2, as amended Oct. 17, 1966]
(a) 
All members of the Committee shall serve without compensation.
(b) 
The terms of the members comprising Classes I, II and III shall correspond to their respective terms of office.
(c) 
The term of the members of Class IV shall be for three (3) years to expire on December 31 of the last year.
(d) 
Any appointments to fill a vacancy shall be for the unexpired term only.
[R.O. 1957, 2:19-3, adopted Oct. 2, 1961]
(a) 
The Committee shall act in an advisory capacity to the Mayor and Council on all matters concerning the industrial business and commercial development within the limits of the City not in conflict with the rights and duties of the Planning Board of the City.
(b) 
The Committee shall have full and complete charge of all expenditures. The City shall not be liable for any amount greater than that appropriated by the Council.
(c) 
The Committee may solicit funds from interested citizens or other municipalities.
(d) 
The Committee shall elect a chairman and create and fill such other offices as it shall deem necessary.
(e) 
The Committee shall create and fill such other committees and positions not limited to membership of the committee as it shall deem necessary.
(f) 
The Committee shall have the power to adopt by-laws and rules and regulations for the conduct of its business.
(g) 
The Committee shall have the power to make recommendations to the Mayor and Council.