(A) There is established pursuant to KRS 91.750 through 91.762 a management district to be known as the Louisville Downtown Management District (hereinafter referred to as "District") for the purpose of providing and financing economic improvements that specially benefit property within the District. The boundaries of the District are designated by the map in attachment A which is incorporated by reference thereto and made a part of this chapter as if set out fully herein.
(B) The District shall constitute a body corporate, with the power to contract and be contracted with. The affairs of the District shall be managed and controlled by a Board of Directors composed of not more than 45 members, who shall be appointed for three-year terms, except as otherwise provided for the initial appointees, and who shall be eligible for reappointment to one additional term. At least two-thirds (66.7%) of the total number of Board members shall be property owners and/or representatives of property owners within the District. The remaining members of the Board, excluding the ex officio members, may also be property owners or representatives of property owners within the District and/or may include tenants within the District. Members of the Board shall be appointed as follows:
(1) The Executive Committee of the Board shall nominate individuals for membership on the Board and submit such names to the Mayor and the Metro Council. The Mayor, with approval of the Metro Council, shall appoint the members of the Board. Appointments shall include at least one individual who is:
(a) An owner or manager of retail business;
(b) An owner or manager of residential property;
(c) An office building owner or tenant;
(d) A parking facility owner or manager;
(e) An owner or operator of a restaurant or food service facility; and
(f) An owner or operator of a hotel/lodging facility.
(2) Ex officio members of the Board shall be as follows:
(a) The Mayor, or his or her designee;
(b) The Director of the Department of Public Works or that Department's successor;
(c) The senior officer in command of that police district which includes the Management District;
(d) The Executive Director of the Downtown Development Corporation or that Corporation's successor; and
(e) Any Metro Council member whose political district boundary, in whole or in part, lies within the District boundary.
(3) All members appointed to the Board of Directors, including ex-officio members, shall have the right to vote.
(C) The initial Board of Directors shall be comprised of one-third of such members serving a one-year term, one-third of such members serving a two-year term, and one-third of such members serving a three-year term. Which members serve which terms shall be determined by lot.
(D) Any member of the Board of Directors appointed by the Mayor may be removed by the Mayor for cause. Any member of the Board of Directors may be removed by the Mayor for violation of the rules, regulations or operating procedures adopted by the Board of Directors if the removal is recommended by a majority of the members of the Board of Directors. A vacancy shall be filled in the same manner as the original appointment for the unexpired term.
(1999 Lou. Code § 151.01) (Lou. Ord. No. 203-1991, approved 8-10-1991; Lou. Am. Ord. No. 20-1999, approved 2-25-1999; Lou. Metro Am. Ord. No. 14-2003, approved 2-28-2003; Lou. Metro Am. Ord. No. 195-2006, approved 10-31-2006; Lou. Metro Am. Ord. No. 155-2015, approved 9-28-2015; Lou. Metro Am. Ord. No. 196-2017, approved 10-30-2017)