(A) The Board of Directors of the Economic Improvement District for the downtown area of the city, as established pursuant to Resolution Number R-08-06, shall consist of 15 members, with no less than eight members, at any one time, being owners of real property within the district. The members shall be appointed by City Council.
(B) It is the intention of the Economic Improvement Board to be a key partner of the city in encouraging private investment through the accomplishment of the goals identified in the most current downtown development plan and in crafting the unique private/public/civic partnerships required to assure emerging projects reach fruition.
(C) IC 36-7-22-17 provides City Council oversight and approval of the Board's annual budget and IC 36-7-22-21 provides City Council receive an annual report of the Board's activities and expenditures.
(Res. R-08-06, passed 1-10-06; Am. Res. R-11-10, passed 3-9-10)