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Pursuant to Public Act 197 of 1975, the city ordains as follows:
(A) The city shall establish a Downtown Development Authority.
(B) This Downtown Development Authority shall consist of not less than eight nor more than 12 members.
(C) The members of the Authority shall be appointed by the Chief Executive Officer of the city, subject to approval by the City Council.
(D) Not less than a majority of the members shall be persons having an interest in property located in the downtown district or officers, members, trustees, principals or employees of a legal entity having an interest in property located in the downtown district.
(E) Of the initial members appointed, an equal number of members, as near as practicable, shall be appointed for one year, two years, three years, and four years. Members shall hold office until the member’s successor is appointed. Thereafter, each member shall serve a term of four years.
(F) An appointment to fill a vacancy shall be made by the Chief Executive Officer of the city for the unexpired term only.
(G) Members of the Board shall serve without compensation, but shall be reimbursed for actual and necessary expenses.
(H) The Chairperson of the Board shall be elected by a majority of the Board.
(I) Before assuming the duties of office, a member shall qualify by taking and subscribing to the constitution of the oath of office.
(J) The Authority shall be granted all powers listed under M.C.L.A. § 125.1657, as amended.
(Ord. 193, passed 7-9-2012)