(A) There is established pursuant to KRS 91.750 through 91.762, a management district to be known as the Greater Louisville Lodging Management District (hereinafter referred to as the "District") for the purpose of providing and financing economic improvements that specially benefit certain designated property, lodging properties within Louisville Metro with 51 rooms or more, 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 sue and be sued and 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 15 members, who shall be appointed for three-year terms, except as otherwise provided for the initiation 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 of Directors shall be appointed as follows:
(1) The Executive Committee of the Board may nominate individuals as recommendations for membership on the Board and submit such names to the Mayor no less than 60 days prior to the end of each calendar year. The Mayor, with the approval of the Council, shall appoint at his or her discretion any persons meeting the statutory requirements of KRS 91.760(2) as the members of the Board. Appointments shall include at least the following:
(a) Four owners or their representatives of assessed lodging properties within the District, with 150 rooms or more;
(b) Four owners or their representatives of assessed lodging properties within the District, with less than 150 rooms;
(c) Two other individuals appointed by the Mayor; and
(d) One board member of Louisville Tourism, who must be an owner or representative of an assessed lodging property within the District.
(2) Voting ex officio members of the Board shall be as follows:
(a) The Mayor, or his or her designee; and
(b) A member of the Metro Council, as appointed by the Metro Council President.
(3) Non-voting ex officio members of the Board shall be as follows:
(a) The Chief Financial Officer of Louisville Tourism, or that agency's successor, or his or her designee; and
(b) A board member or employee of Louisville Tourism whose role in the community is directly related to the purpose of the Board.
(4) All members appointed to the Board of Directors, other than non-voting 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 servicing a two-year term, and one-third of such members serving a three-year term.
(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.
(Lou. Metro Ord. No. 198-2022, approved 12-28-2022)