§ 18-2. Membership; terms; designation of Chairman.

A. 

The Economic Development Committee shall consist of seven members one of whom shall be a member of the Township Council and one of whom shall be a member of the Township Planning Board. The Township Council and the Planning Board shall each respectively appoint one of its members to the Economic Development Committee. The Planning Board member shall not be a member of the Township Council.

B. 

The remaining members shall be residents of the Township of Mount Laurel and shall be selected on the basis of their qualifications and fitness for service on the Economic Development Committee.

C. 

No member of the Economic Development Committee shall be interested, either directly or indirectly, in any contacts for work or materials used by the Committee or in any sales, leases, exchanges or agreements in connection with any lands, buildings or other real property which could be discussed or affected by the Committee. Any member of the Committee who discovers that he/she either has or may have such interest shall disclose the same immediately, in writing, to the Township Council.

D. 

No member of the Committee shall receive any fee or compensation of any kind from any person for any decision or activity of that member with the Committee. No member of the Committee may pay any fee to any broker, architect, engineer, merchant or other person doing business or in any way interacting with the Economic Development Committee except in the event that such professional services are required by the Committee in order to do its work. In such event, the Committee may request the Township Council to retain such professional services for the Committee.

E. 

The Township Council and the Township Planning Board members shall each be appointed for a period of one year. Their replacements shall be named on an annual basis by the Township Council and the Township Planning Board, respectively. The remaining five members shall be appointed by the Township Council and, at the time of his or her appointment, shall be established in either a one-year or two-year term. At the expiration of the terms, an appointee shall be appointed for a two-year term. The term of any member of the Township Council or any member of the Planning Board who has been appointed to the Committee shall be automatically deemed vacant in the event such member is no longer a member of the Township Council or the Township Planning Board. Members shall serve for their term and until their successors are appointed. The initial one-year terms shall be served until January 1, 1997, and the initial two-year terms shall be served until January 1, 1998. All new terms are to be appointed effective January 1 of the year in which those terms begin.

F. 

The Township Council shall designate, at the time of the original appointment of the Committee, the member of the Committee who shall serve as temporary Chairman until the Committee organizes and is able to select its own Chairman for the first year of the Committee's functions. Thereafter, the Committee shall, year to year, select a Chairman and any other officer that the Committee deems appropriate.

G. 

The members of the Committee shall serve without compensation.

H. 

The Mayor of the Township shall be an ex officio member of the Committee.