(A) The industrial development authority shall consist of 7 members who shall be appointed by the Council.
(B) After the expiration of initial appointments, the terms of members shall be as follows: 2 members with terms beginning from their appointment and expiring 6 years from the date of appointment by the Council; 3 members with terms beginning from their date of appointment and expiring 6 years from the date of appointment by the Council; and 2 members with terms beginning from their date of appointment and expiring 6 years from the date of appointment by the Council. All member terms shall be for a period of 6 years, and shall be so staggered that the term of no more than 3 members shall expire in any given year. All terms shall expire on October 31 of succeeding years, except that in the event of the Board membership complement falling below the required quorum level set forth in § 2-15-5, the membership vacancies shall be filled by the Council for their unexpired terms any time before the annual October appointment cycle from the then-existing talent bank applications.
(Prior Code, § 2-15-2) (Am. Ord. 1328, passed 10-27-2008; Am. Ord. 1520, passed 12-7-2021)