New Jersey § 40a:12a-11

§ 40a:12a-11.

a. The governing body of a municipality may, by ordinance, create a body corporate

and politic to be known as the “․․․․․․ Redevelopment Agency,” inserting the name of the municipality creating the agency. The agency shall be an instrumentality of the municipality creating it. A redevelopment agency shall be created pursuant to the procedures of the “Local

Authorities Fiscal Control Law,” P.L.1983, c. 313 ( C.40A:5A-1 et seq. ). There shall be seven commissioners of a redevelopment agency. The commissioners shall be appointed by the governing body, in the manner generally

required for appointments by the form of government under which the municipality is

governed. Commissioners shall each serve for a term of five years; except that the first

of these appointees shall be designated to serve for the following terms: one for

a term of one year, one for a term of two years, two for terms of three years, one

for a term of four years, and two for terms of five years. No more than two commissioners shall be officers or employees of the municipality. Each commissioner shall hold office for the term of his appointment and until his

successor shall have been appointed and qualified. Any vacancy occurring in the office of commissioner, from any cause, shall be filled

in the same manner as the original appointment, but for the unexpired term. The municipal governing body may provide by ordinance that not more than two of the

commissioners shall be members of the governing body. A commissioner who is a member of the governing body shall serve for a term of one

year. That ordinance shall provide for the terms of the other commissioners to be appointed

to staggered terms in substantial accord with the provisions of this section. Any redevelopment agency created pursuant to the “Redevelopment Agencies Law,” P.L.1949,

c. 306 ( C.40:55C-1 et seq. ) and in existence until the repeal of that law by this act, shall continue notwithstanding

that repeal, but shall exercise its powers pursuant to the provisions of this act. The five commissioners appointed by the governing body of the municipality shall

continue in office until the terms for which they were appointed expire and their

successors are appointed and qualified. The terms of those agency commissioners who were appointed by the mayor or the Commissioner

of the Department of Community Affairs shall cease and determine 90 days after the

effective date of this act. b. A certificate of the appointment or reappointment of each commissioner shall be

filed with the clerk, and that certificate shall be conclusive evidence of the due

and proper appointment of that commissioner. A commissioner shall receive no compensation for his services, but shall be entitled

to reimbursement for actual expenses necessarily incurred in the discharge of the

duties of commissioner, including travel expenses. The powers of the agency shall be vested in the commissioners thereof in office

from time to time. Four commissioners shall constitute a quorum for the purpose of conducting business

and exercising powers and all other purposes. Action may be taken by the agency upon the affirmative vote of the majority, but

not less than four of the commissioners present, unless in any case the bylaws of

the agency shall require a larger number. The agency shall select a chairman and a vice-chairman from among the commissioners,

and it shall employ an executive director, who shall be its secretary. c. No commissioner or employee of an agency shall acquire any interest, direct or

indirect, in a redevelopment project or in any property included or planned to be

included in a project, nor shall he have any interest, direct or indirect, in any

contract or proposed contract for materials and services to be furnished or used in

connection with a project. If any commissioner or employee of an agency owns or controls an interest, direct

or indirect, in any property included or planned to be included in a project, he shall

immediately disclose the same in writing to the agency and the disclosure shall be

entered upon the minutes of the agency. Failure so to disclose such an interest shall constitute misconduct in office. A commissioner or employee required by this subsection to make a disclosure shall

not participate in any action by the agency affecting the property with respect to

which disclosure is required. For inefficiency or neglect of duty or misconduct in office a commissioner may be

removed by the municipality by which he was appointed; but a commissioner may be

removed only after he has been given a copy of the charges at least 10 days prior

to the hearing thereon and has had the opportunity to be heard in person or by counsel. In the event of a removal of a commissioner, a record of the proceedings, together

with the charges and findings thereon, shall be filed in the office of the clerk of

the municipality.