EDAC Meetings

ECONOMIC DEVELOPMENT ADVISORY COMMITTEE

Members: 7-11
Appointed by: Board of Selectmen 
Length of Term: 3 year term
Appointments Made: September 30

Meeting Times: 3rd Thursday of each month at 8:00 am (Cary Hall - Legion Room)
 

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 seven (7) to eleven (11) 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:
   
   1. One non-voting liaison from the Board of Selectmen or designee.
      
   2. 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.