HomeMy WebLinkAboutD-751 Economic Devel.CommissionORD ' mqCF. NO. D;7S'I
AN ORDINANCE OF THE COMMON COUNCIL OF THE
CITY OF CARMEL, INDIANA AMENDING CHAPTER 2,, ARTICLE 1,
SECTION 2-5, OF THE CARMEL CITY CODE BY THE INCLUSION
OF SUBSECTIONS ( a ) THROUGH ( i ) ENTITLED
"CARMEL ECONOMIC DEVELOPMENT COMMISSION."
WHEREAS, the State of Indiana has, pursuant to Indiana Code
~ 36-7-12-1, et seq. (the "Act"), empowered municipalities to
establish a department of economic development controlled by a
commission;
WHEREAS, the Act provides for the identification of
opportunities to promote and foster business and employment
development through the financing of various economic development,
water and pollution control facilities;
WHEREAS, the Common Council, of the City of Carmel, Hamilton
County, Indiana, now finds that a need exists, and deems it to be in
the best interest of the City and its citizens to finance and foster
economic development;
NOW, THEREFORE, BE IT ORDAINED BY THE COMMON COUNCIL, OF THE
CITY OF CARMEL, INDIANA, AS FOLLOWS:
Section I. Chapter 2, Section 2-5 of the Carmel City Code is
hereby amended to read as follows:
(a) The Common Council of the City of Carmel hereby
establishes a Department of Economic Development
(hereinafter "Department") to be controlled by a three (3)
member commission which shall be known as the "Carmel
Economic Development Commission" (hereinafter the
"Commission").
(b) The Common Council shall appoint one (1) member of the
Commission, the Mayor of Carmel shall appoint one (1)
member of the Commission and the Hamilton County Council
shall appoint one (1) member of the Commission. The
length of the terms of the Commissioners are established
pursuant to statute.
(c) Commissioners shall be paid a per diem of Thirty-Five
Dollars ($35.00) per regular or special meeting attended,
except for annual organizational or reorganizational
meetings, and shall be reimbursed for travel, telephone
and other expenses incurred by the Commissioners in the
performance of their duties. Such payments shall be
provided from the operating funds of the Department.
(d) The nominating authority shall make their nominations in
the manner prescribed by law and the Mayor shall furnish
certificates of appointment for each person appointed and
such appointees shall qualify as required by law.
(e) The Commission shall meet within thirty (30) days after
its creation and shall, at that first meeting, elect a
president, vice president and secretary and shall
immediately undertake the duties imposed by law. The
Commission shall hold Ireorganization meetings during
February of each year and the Commission and its members
shall have all the powers and duties conferred and imposed
by the Act and this Ordinance and by amendments to
either. The Commission may adopt such by-laws and rules
as are not prohibited by law and as are found desirable to
facilitate the conduct of its business and the
accomplishment of its purposes.
(f) Any Commissioner having a financial interest in, or having
been employed by, any firm or corporation contracting or
negotiating with the Commission shall disclose his
interest to the Commission and such disclosure shall be
made a part of the records of the Commission. No
Commissioner shall vote on any matter in which he has a
financial interest.
(g) The Commission shall be authorized to assess and collect
an application fee from economic development Applicants,
at the time of initial or bond-refunding applications,
pursuant to the rules and regulations of the Commission.
The fee may be up to one percent of the principal amount
of the application, not to exceed Ten Thousand Dollars
($10,000.00) per application, as amended from time to time
by statute. The Commission may elect to establish a
reduced fee structure for bond-refunding applications.
(h) The application fees, as collected, shall be deposited in
an Economic Development Commission account maintained by
the Secretary-Treasurer of the Commission, who shall
prepare an annual report to the Mayor, Clerk-Treasurer,
Common Council, State Board of Accounts and Commission
regarding deposits and expenditures to and from the
account, and who shall also be bonded in an amount equal
to the average annual receipts of the Commission. Any and
all funds deposited in the Common Council Promotion Fund
at the date of passage of this Ordinance, which were
collected by the economic development commission which was
abolished by Ordinance No. D-641, shall be transferred
back to the custody and control of the Commission.
(i) Expenditures from the account shall be made following
adoption of a resolution by the Commission authorizing
payment of expenses for operation of the Commission,
economic development and promotion and such other expenses
as are authorized by I.C. 36-7-12-1, et seq., such
expenses not to exceed Two Thousand Dollars ($2,000.00)
per item without Common Council approval. Notwithstanding
the foregoing sentence, the Mayor shall have the right, at
the Mayor's discretion, to require the Common Council to
approve expenditures from the account in excess of One
Dollar ($1.00).
Section II. All prior Ordinances, resolutions or parts thereof
inconsistent with any provision of this Ordinance are hereby
repealed.
Section III. This Ordinance shall be in full force and effect
from and after its passage and signing by the Mayor.
THIS I ~4 DAY 1992.
*eMidingOfficer
ATTEST: ~
S n W. Jones, ' Ctcr~/Trcasurcr Dated: / ~ day of ~-~
, ~ana
ATTEST:
0121R -2-
, 1992
