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EXECUTIVE COMMITTEEThe primary purpose of the Executive Committee shall be to formulate policy and assist the President and other administrative officers in carrying out such policies and decisions. This committee shall be composed of the President of the corporation, Chairman of the Certification Committee, Chairman of the Economic Development Committee, Chairman of the Finance Committee, Secretary of the corporation and three members of the Board of Trustees who will be appointed by the President with the advice and consent of the Board of Trustees. ECONOMIC DEVELOPMENT ADVISORY COMMITTEEThe primary purpose of the Committee is to promote economic, industrial, commercial, and civic development throughout Lake County. In carrying out the purpose, the Economic Development Committee shall have responsibility and authority for the operation of the Lake County Economic Development Center. The Committee will have responsibility for the ongoing fund raising activities as they relate to the Economic Development Center and Center’s projects. The Committee will cause to be placed for approval before the full Trustee body at the annual meeting the budget for the Economic Development Center, for the ensuing year in addition to outlining the programs and policies of the Economic Development Center. They will report at each quarterly meeting result of the Center, and the financial position as it relates to collection and disbursement of funds in conformity with the approved budget. Once each year, prior to the annual meeting, the Committee will submit to the Executive Committee a detailed personnel appraisal of the Economic Development Director and each of his staff. The committee will consist of not less than eleven (11) and no more than thirty (30) trustees or members who will be appointed by the President to provide representation from the following categories: business, education, municipal, township, county, labor, finance, professional, utility, and retail. It will elect its own Chairman who will also serve on the Executive Committee of the Board and its own assistant secretary who shall submit accurate and complete minutes of all committee meetings to the Secretary of the Corporation. CERTIFICATION COMMITTEEThe primary purpose of the certification Committee is to certify Industrial Revenue Bond Projects and other similar projects that may from time to time require certification by the C.I.C. The Committee will consist of no less than eleven (11) and not more than thirty (30) trustees who shall be appointed by the President from the full body of the Board of Trustees with its advice and consent. Not withstanding the above, one Trustee representing each public entity who has designated the C.I.C. as its agent, must be represented on the certification Committee (appointive or elective official). The Committee shall meet at such times as are necessary for the certification of projects. The Committee will elect a chairman who will preside over all certification meetings and who will serve on the Executive Committee of the C.I.C. If needed, it shall appoint its own assistant secretary who shall submit accurate minutes of all committee meetings to the secretary of the corporation. MEMBERSHIP COMMITTEEThere shall be a Membership Committee comprised of not less than three (3) members of the Board of Trustees who must be appointed by the President. It shall be the duty of the Membership committee to formulate qualifications for membership, to screen all applicants for membership in the organization and make recommendations therefore to the Board of Trustees. FINANCE COMMITTEEThere shall be a Finance Committee comprised of no less than five (5) members, three of who must be Trustees who must be appointed by the President with the advice and consent of Board of Trustees. It shall be the duty of the Finance Committee to review from time to time financial policies of the corporation, and make recommendation to Executive Committee and the Board of Trustees on all the financial affairs of the corporation including, but not limited to: fee structure for industrial revenue bond financing; accounting practices; all C.I.C. budgetary matters; and such other responsibilities assigned to it from time to time by the President and the Executive Committee. It will elect its own Chairman who will also serve on the Executive Committee of the Board and its own assistant secretary, if necessary, who shall submit accurate and complete minutes of all committee meetings to the Secretary of the corporation. |
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