Chapter 2.54
REGIONAL DEVELOPMENT AUTHORITY
Sections:
2.54.010 Establishment of RDA.
2.54.050 RDA Development Board.
2.54.060 Notification of RDA Establishment.
2.54.010 Establishment of RDA.
A RDA is hereby established for the purpose of developing a comprehensive strategic development plan that includes detailed information on proposed projects to be undertaken or financed by the RDA, and to carry out all other statutorily authorized activities provided under I.C. 5-28-7-1 et seq., I.C. 36-7.6-1-1 et seq and such other laws applicable to the RDA as may be amended from time to time. In furtherance and not in limitation of the powers conferred by law the RDA shall also have the following powers:
a) To make contracts and guarantees and incur liabilities, borrow money at such rates of interest as the RDA may determine, issue its notes, bonds, and other obligations, and secure any of its obligations;
b) To conduct business in this state and elsewhere; to have one or more offices out of this state, and to acquire, own, hold and use, and to lease, mortgage, pledge, sell, convey and otherwise dispose of property, real and personal, tangible and intangible, out of this state; and
c) To carry on, engage in and/or conduct any business or businesses and do any act or acts which a natural person or persons might do and which are necessary, convenient or expedient to accomplish the purposes for which this corporation is formed.
(Ord. 07-15-007 § 1, Added, 07/1/2015)
2.54.020 Name of RDA.
This RDA shall be entitled the “Southwest Indiana Regional Development Authority”.
(Ord. 07-15-007 § 2, Added, 07/1/2015)
2.54.030 Duration of RDA.
The period for which the RDA shall continue is perpetual unless otherwise provided for by statute or as may be agreed upon by written agreement of four-fifths (4/5) of the Development Board members.
(Ord. 07-15-007 § 3, Added, 07/1/2015)
2.54.040 RDA Administration.
The administration of the RDA shall be managed by the Economic Development Coalition of Southwest Indiana, Inc.
(Ord. 07-15-007 § 4, Added, 07/1/2015)
2.54.050 RDA Development Board.
The RDA shall be governed by a Development Board appointed and operated pursuant to the Memorandum of Understanding attached hereto as Exhibit “A”, which is made a part hereof, as may be amended from time to time.
View Exhibit A: PDF | Word Doc
(Ord. 07-15-007 § 5, Added, 07/1/2015)
2.54.060 Notification of RDA Establishment.
Upon the approval of this Ordinance by at least two (2) of said Counties and establishment of the RDA, said RDA shall promptly, pursuant to I.C. 36-7.6-4-3, notify the Indiana Economic Development Corporation of the RDA’s existence.
(Ord. 07-15-007 § 6, Added, 07/1/2015)