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Industrial Development Board

City of Auburn Boards & Commissions

·

2 weeks ago

Location
Auburn City Hall, AL, US
Department
IT
Source
GovernmentJobs

Description

The Industrial Development Board was established as a financing conduit for industrial revenue bonds to aid in planning for industrial development. The IDB may acquire, enlarge, improve, replace, own, lease and dispose of properties to promote industry and trade, provide employment opportunities and encourage investment in the community.
 
 Consists of nine (9) members
 Not less than seven members
 (Section 11-54-86 Code of Alabama)
 
 Council appointed (Section 11-54-86 Code of Alabama)
 
 Qualifications for appointment: Must be a qualified elector of the City of Auburn; must be a taxpayer in the City of Auburn; must not be an officer or employee of the municipality. Members shall be chosen by the governing body from the membership of the chamber of commerce, board of trade or other similar civic organization. However, in the judgment of the governing body, members may be chosen from outside these civic organizations. (Section 11-54-86 Code of Alabama)
 
 6-year terms (Section 11-54-86 Code of Alabama)
 
 Meets as needed - Set by board
 
 Enabling: Title 11 Chapter 54 Article 4 of the Code of Alabama
 
 Departmental Liaison: Economic Development