§ 16-19. Same—Members, employees; duties and compensation.  


Latest version.
  • (a)

    The housing finance authority shall be composed of five (5) members appointed by the board of county commissioners, one of whom shall be designated by the board as chairman. Not less than three (3) of the members shall be knowledgeable in one of the following fields: labor, finance or commerce. The terms of the members, after the initial members shall be four (4) years each. A member of the housing finance authority shall hold office until his successor has been appointed and has qualified. Each vacancy shall be filled by the board of county commissioners for the remainder of the unexpired term. A member shall receive no compensation for his services, but shall be entitled to necessary expenses, including travel expenses, incurred in the discharge of his duties.

    (b)

    The powers of the housing finance authority granted by this article shall be vested in the members of the housing finance authority in office from time to time. Three (3) members shall constitute a quorum, and action may be taken by the housing finance authority upon a vote of a majority of the members present. The housing finance authority may employ such agents and employees, permanent or temporary, as it may require and shall determine the qualifications, duties, and compensation of such agents and employees. The housing finance authority may delegate to an agent or employee such powers or duties as it may deem proper. Legal counsel for the board of county commissioners shall serve as legal counsel for the housing finance authority.

    (c)

    Until the members of the housing finance authority are appointed, the board of county commissioners and the chairman of the housing finance authority shall have full authority to carry out the powers of the housing finance authority under this article; provided, however, that, the board shall not delegate its authority to the chairman under this provision. Except as provided in this section, no member of the housing finance authority may be an officer or employee of the county.

(Ord. No. 82-2, § 5, 1-26-82)