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761p RESOLUTION NO._7� /_ A RESOLUTION CREATING AND ESTABLISHING AN INDUSTRIAL DEVELOPMENT BOARD; SETTING FORTH THE PURPOSES OF SAID BOARD AND PROVIDING FOR DUTIES, RESPONSIBILITIES AND POWERS OF THE BOARD; PROVIDING FOR THE MEMBERSHIP, TERMS OF OFFICE MEETINGS, ATTENDANCE, AND INTERNAL ORGANIZATION OF THE BOARD; PROVIDING FOR THE USE AND DISPOSITION OF MONIES GENERATED BY THE ACTIVITIES OF THE BOARD; AND PROVIDING AN EFFECTIVE DATE. BE IT RESOLVED BY THE CITY COUNCIL 'OF�THE :CLTY OF EDGEWATER, FLORIDA: Section 1: Creation and Establishment of the Industrial Development Boar There is hereby created and established the Industrial Development Board of the City of Edgewater, Florida, which shall hereafter, in the Resolution, be referred to as "ID Board" Section 2: Purpose of the Industrial Development Board The purpose of the Industrial Development Board is to assist the City Council to attract and interested industry in locating in the City of Edgewater, so long as the industry is clean, does not pollute, is not hazardou2' but will promote the good image of the City of Edgewater and will provide jobs in good numbers and generally advance the economic prosperity and general welfare of the people of the City of Edgewater. It is the intent of the City Council establishing the Board that the Board shall act in an advisory capacity, and, in addition, shall carry out preliminary negotiations for final action by the City Council. Section 3: Powers, Duties, Responsibilities and Limitations of the Board A. The Board shall have the following powers, duties and responsibilities: (1) To formulate plans for the use and development of all property designated for industrial development with special emphasis to, be placed upon the industrially zoned property. The formulation of said plans shall, at all times, be subject to the approval of the City Council. (2) To annually recommend a budget to the City Council for monies M necessary to carry out the purpose of the Board provided that any monies expended by the City Council shall not exceed the monies so provided in the budget, and provided further that any advanced on behalf of the Board, or in furtherance of the purposes of this Resolution, which are derived from any tax source, shall be repaid by the City from any revenue bonds sold. (3) To promote the City of Edgewater as a prospective site for industrial development, provided that no expenses for advertising shall be incurred without the prior approval of the City Council. (4) To cooperate with and aid private interests that wish to develop industrially -zoned property in the City of Edgewater. 161 (5) To negotiate and recommend to the City Council options and agreements relating to the lease of industrially -zoned property to prospective lessees. B. Limitations of the Board: The Board shall not have the authority to bind the City of Edgewater to any contract or document, nor shall the Board have the power to incur any bonded indebtedness, nor to issue revenue bonds, nor shall' it have the power of eminent domain. Section 4: Membership, Terms of Office, Meetings and Attendance and Internal Organization A. Membership The Board shall consist of fifteen (15) members who shall be appointed by the City Council. To be eligible for appointment a member must be a resident of the City of Edgewater and must possess business experience. Should a member move his place of residence outside the corporate limits of the City of Edgewater, he shall automatically be disqualified from further service on the Industrial Development Board. The members of the Industrial Development Board shall be appointed for a term of three (3) years. The terms shall be staggered. Any appointment made to replace a member who does not complete his term for any reason shall be for the unexpired term, said replacements to be made by the City Council. All members of the Board shall serve at the pleasure of the City Council. No members of the Board shall receive any compensation, provided nowever, that members may be reimbursed for out-of-pocket expenses that are approved in advance by the City. No individual shall serve more than two consecutive terms. C. Meetings and Attendance A quorum shall be five (5) members throughout a meeting. It shall take a majority of those present to adopt or implement any course of action. The Board shall hold at least one meeting per month but may hold as many meetings as it deems appropriate. All proceedings and meetings of the Board shall be recorded. The unexcused non-attendance of any member for three consecutive regular meetings shall automatically result in the removal of that member from the Board. All meetings of the Board shall be public and subject to Chapter 266, Florida Statutes, the Sunshine Law of the State of Florida. D. Internal Organization The Board shall have the power to adopt such rules and regulations as it shall determine necessary and shall appoint from its membership a Chairman, a Vice -Chairman and a Secretary to serve on an annual basis. The Chairman of the Planning Board and. the Chairman of the Zoning Board shall be an ex-officio member of the Board, but shall not be entitled to vote on any issue. Section 5: State and Federal Regulations At all times, the City Council and the Board, in carrying out the purposes set forth in this Resolution, shall be guided by and subject to Chapter 159, Florida Statutes, as it presently exists or may hereafter be amended. Section 6 Effective Date This Resolution shall become effective immediately upon its adoption as provided by law. (2) Section 7: Repealing Clause All resolutions and parts thereof that are in conflict with this Resolution shall be and the same are hereby recinded and repealed. ATTEST: e V ayor J Counci 15.an C�.2� Not Approved this 16th day of January A.D. 1974 Mayor 0 (3)