The Downtown Development Authority shall consist of 9 members, consisting of the City Manager or Mayor and 8 members appointed by the Mayor subject to the approval of the City Council. At least 5 members shall be persons having an interest in property located in the Downtown District, and at least 1 member should be a resident of the Downtown District. The members shall be appointed for staggered 4 year terms. A member shall hold office until the member's successor is appointed. An appointment to fill a vacancy shall be made by the Mayor for the unexpired term only. Members of the Authority shall serve without compensation but shall be reimbursed for actual and necessary expenses. The Chairperson of the Authority shall be elected by the members. The Authority may, subject to the approval of the City Council, appoint a Director who may also serve as Secretary and such other employees or officers as shall be necessary. The Authority shall prescribe the duties of all its officers and employees and fix their compensation. All expense items of the Authority shall be publicized monthly, and financial records shall be open to the public.
(1993 Code, § 22-28) (Ord. passed 7-8-2002)