EDAC - Economic Development Advisory Committee - Charge - Revised OCT 2011

Browse Search

ECONOMIC DEVELOPMENT ADVISORY COMMITTEE Members: Appointed by: Length of Term: Appointments Made: Meeting Times: Board of Selectmen 3 year term September 30 Description: The Economic Development Advisory Committee (EDAC) purpose is to promote balanced, long-term economic development, which reflects and enhances the character of our community. Lexington's Economic Development Advisory Committee (EDAC) will: 1. Develop and recommend programs to the Board of Selectmen pertaining to economic development; be a proponent for the current and prospective businesses in Lexington; and, educate Lexington taxpayers about economic development issues; 2. Be notified of significant economic development proposals before the Town; 3. Promote streamlining of the Town's regulatory processes as they relate to commercial development; 4. When requested by the Board of Selectmen, provide a committee perspective and/or recommendation on specific commercial development proposals; 5. When requested by the Board of Selectmen, review economic development incentives for specific commercial development proposals; 6. Coordinate its work with other relevant boards and committees on economic development issues to enhance effectiveness and avoid redundancy; and, 7. Perform other related projects as may be requested by the Board of Selectmen or Town Manager. Criteria for Membership: The Economic Development Advisory Committee shall be appointed by the Board of Selectmen for a term of three years and consist of nine (9) voting members including: 1. Individuals with professional expertise in commercial real estate financing, development, or real estate law; 2. Owners of Lexington businesses or landlords; 3. Residents who support the purpose and objectives of the EDAC, 4. Economic Development Officer as a non-voting member. 5. Elected Official Liaisons: a. One non-voting liaison from the Board of Selectmen or designee. b. One non-voting liaison from the Planning Board or designee. Ref.: Charge adopted by Selectmen on June 9, 2008. Selectmen designated as Special Municipal Employees on July 14, 2008. Selectmen voted to change membership from 7-11 to 9 voting members on October 17, 2011.