(A) The Authority shall be under the supervision and control of a Board consisting of the Mayor and not less than eight or more than 12 members as determined by the City Commission. Members shall be appointed by the Mayor. Not less than a majority of the members shall be persons having an interest in property located in the downtown district. Not less than one of the members shall be a resident of the downtown district, if the downtown district has 100 or more persons residing in it. Of the members first appointed, an equal number of the members, as near as is practicable, shall be appointed for one year, two years, three years, and four years. A member shall hold office until the members successor is appointed. Thereafter, each member shall serve for a term of four years. An appointment to fill a vacancy shall be made by the Mayor for the unexpired term only. Members of the Board shall serve without compensation, but shall be reimbursed for actual and necessary expenses. The Chairperson of the Board shall be elected by the Board.
(B) Before assuming duties of office, a member shall qualify by taking and subscribing to the constitutional oath of office.
(C) The Board shall adopt rules governing its procedures and holding of regular meetings, subject to the approval of the City Commission. Special meetings may be held when called in the manner provided in the rules of the Board. Meetings of the Board shall be open to the public.
(D) Pursuant to notice and an opportunity to be heard, a member of the Board may be removed for cause by the City Commission. Removal of a member is subject to review by the Circuit Court.
(E) All expense items of the Authority shall be publicized monthly and the financial records shall always be open to the public.
(Ord. 13.3, passed 1-20-76; Am. Ord. passed 4-19-83)