Each participant may in its discretion create a designated zone organization to assist in the administration of that component of the enterprise zone under the jurisdiction of the participant. Two (2) or more participants may jointly create a designated zone organization to assist in the administration of those components of the enterprise zone under the jurisdiction of the creating participants. Substantially all of the members of any designated zone organization shall be residents of the enterprise zone. The board of directors of a designated zone organization shall be elected by members of the organization. Any designated zone organization shall satisfy the criteria set forth at section 501(c)(3) or section 501(c)(4) of the internal revenue code. A designated zone organization shall exist primarily for the purpose of performing within all or any portion of the enterprise zone the various functions set forth at section 8 of the enterprise zone act. However, no designated zone organization shall have authority to perform any function identified at section 8 of the enterprise zone act unless a participant has by ordinance delegated such authority to the designated zone organization to be exercised within the participant's component of the enterprise zone. (Ord. 759, 2-25-2016)