HomeMy WebLinkAboutEDAC - Economic Development Advisory Committee - Charge - Revised OCT 2011ECONOMIC 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.