Economic Development Corporation


Statute(s)

Public Act 338 of 1974 (MCL125.1601 – 125.1636) Chapter 58 – Planning. Article IV. Economic Development Corporation, of the Code of Ordinances



Appointing Authority

Mayor (Chapter 58, Sec. 58-103. Articles of Incorporation. Article VII, of the Code of Ordinances)



Composition
There are nine members in this group. There shall be no more than three individuals who are officers or employees of the municipality.



Terms
The members serve six year terms that expire on February 28.



Meeting Dates and Times
This group meets annually on the fourth Monday in July at 7:30 p.m. Other meetings may be scheduled as needed.



Meeting Location



Purpose
To alleviate and prevent conditions of unemployment; to assist and retain local industries and commercial enterprises in order to strengthen and revitalize the economy of the City of Oak Park and the State of Michigan; to provide means and methods for the encouragement and assistance of industrial and commercial enterprises in locating, purchasing, constructing, reconstructing, modernizing, improving, maintaining, repairing, furnishing, equipping and expanding in Oak Park; and to encourage the location and expansion of commercial enterprises to more conveniently provide needed services and facilities to Oak Park and its residents. To accomplish this, the EDC may construct, acquire, reconstruct, improve, maintain, repair, and/or acquire necessary lands for the site of projects; acquire necessary machinery, furnishings and equipment for projects; borrow money and issue revenue bonds to finance the cost of acquiring lands and equipment; enter into leases or sales contracts for projects; and sell projects.



Actively Serving Members

The following individuals are active members of this Commission:
Joe Brown
Emile Duplesis
Elliot Indig
Lou Landau
Val Moskalik
Thomas Storey
Kiesha Speech, Council Member
Ken Rich, Council Member
Erik Tungate, City Manager
Kimberly Marrone, Manager of Community and Economic Development



Events and Activities



By-Laws
Yes



Rules of Procedure
No



Agendas



Meeting Minutes