The authority shall be under the supervision and control of the board of directors
consisting of the chief executive of the city and not less than eight or more than
12 members as determined by the city council. The members shall be appointed by the
chief executive officer of the city, subject to the approval of the city council.
Not less than a majority of the members shall be persons having an interest in property
located in the downtown district. Not less than one of the members shall be a resident
of the downtown district if the downtown district has 100 or more persons residing
within it. Of the members first appointed, an equal number, as near as is practical,
shall be appointed for one year, two years, three years, and four years. Members shall
hold office until the members' successor is appointed. Thereafter, each member shall
serve for a term of four years. An appointment to fill a vacancy shall be made by
the chief executive officer of the city for the unexpired term only. Members of the
board shall serve without compensation, but shall be reimbursed for actual and necessary
expenses.
(Ord. No. 224, § 6, 3-23-1993)
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