(a) There is hereby created the South Dallas/Fair Park Opportunity Fund board of the city, which shall be an advisory body of 15 members. Each city council member shall appoint one member to the board. The mayor shall appoint the chair, and the full city council shall appoint the vice-chair.
(b) Each member shall be appointed for a two-year term beginning on October 1 of each odd- numbered year. All members shall serve until their successors are appointed and qualified.
(c) Members of the board must meet the following qualifications:
(1) Eight members must meet any of the following qualifications:
(A) Be a resident of the South Dallas/Fair Park Opportunity Fund program area as defined by city council resolution.
(B) Be a representative of a cultural institution or other facility permanently housed at Fair Park.
(C) Be the owner or operator of a business in the South Dallas/Fair Park Opportunity Fund program area as defined by city council resolution.
(D) Be actively involved in the South Dallas/Fair Park community.
(2) Seven members must have substantial knowledge and expertise in any of the following areas:
(A) Housing development.
(B) Business development and operations.
(C) Non-profit management and operations.
(D) General community development principles and practices.
(3) In addition to the qualifications listed in Paragraphs (1) and (2) of this subsection, at least two of the board members must have loan underwriting experience.
(d) The city manager or a designated representative shall serve as an ex officio, nonvoting member of the board. (Ord. Nos. 20570; 21153; 21514; 21765; 22414; 26811; 29645; 30905)
(a) The board shall act as an advisory body to the city manager and the city council and shall:
(1) recommend to the city manager guidelines and projects for the expenditure of the South Dallas/Fair Park Opportunity Fund; and
(2) perform other duties assigned by the city council or requested by the city manager.
(b) The city manager shall present the recommendations of the board, along with any recommendations of the city manager, to the city council. (Ord. Nos. 20570; 22414; 26811; 30905)
(Ord. Nos. 20570; 26811; 30905)