The Commission is composed of five members plus two alternate members who are appointed by the Council for five-year terms. They must be residents of the City. Members hold office until their successors are appointed and qualified. Any vacancy resulting from a cause other than the expiration of the term is filled only for the unexpired portion of the term and an appointment for more than half of the unexpired portion of a term is considered as an appointment for a full term. Members may not succeed themselves after having served two full terms without an intervening period of one year.

The Commission selects from its membership a Chairperson and Vice-Chairperson. Other officers elected are members of the Redevelopment Staff. They may employ stenographic help and may retain technical experts for consultation.

The Commission meets on the first Wednesday of each month at 5:00 p.m. in the Melvin Municipal Office Building. Three members constitute a quorum, and a majority of the members present may take action on any matter under consideration. Special meetings of the board may be called by the Chairperson. Notice shall be given verbally or in writing and delivered personally to each member or left at his residence not less than forty-eight hours prior to the time of the meeting; provided, that the minimum time period for notice to a member may be waived by such member if he/she is present at the special meeting.

The Commission must also cause written notice of the special meeting, stating its general purpose, to be posted at the door of its meeting place and to be mailed or delivered to each news media, and/or person(s) who has filed a request for notice with the City Clerk's Office, at least forty-eight hours before the special meeting.

The Commission is authorized to acquire land, redevelop (or contract for the redevelopment of) the area, and sell the redeveloped area when the project is completed. Redevelopment plans must be submitted by the Planning Board and approved by the Council.

Members receive no compensation for their services but are entitled to their necessary expenses, including travel expenses.

If a member acquires any interest in a project under consideration by the Commission, or if he/she fails to disclose in writing any interest he/she may have in a project which the Commission takes under consideration, he/she is guilty of misconduct in office.