There is hereby continued, as has been previously established pursuant to SDCL Chapter 9-55, a Business Improvement District Number 4 Board.
A. Composition.
1. The BID 4 Board shall consist of 7 members. The Mayor and a council representative shall constitute 2 members of the BID 4 board and shall not be subject to term limits. In addition to the Mayor and council representative, the BID 4 board shall also consist of 5 additional members, appointed by the Mayor with the approval of the City Council. Persons who are eligible to fill the five (5) additional member seats of the BID 4 Board must be property owners, residents, business operators, or users of space within the business area to be improved, and will consist of:
a. Three (3) hoteliers from within BID 4; and
b. Two (2) other eligible persons who are not hoteliers.
B. Terms. All members of the Board shall be appointed to serve a three (3)-year term. A member of the Board may serve consecutive terms if so appointed by the Mayor and Council. The terms for the five (5) non-city members shall initially be staggered so that one (1) member serves a full three (3)-year term, two (2) members serve two (2)-year initial terms, and two (2) members serve one (1)-year initial terms.
C. Vacancies. The Mayor, with the approval of the City Council, shall fill any vacancy of members for the remainder of the term vacated.
D. Officers. The BID 4 Board shall annually select from its members a chair, vice chair, and secretary.
E. Compensation. All members of the Board shall serve as such without compensation, except for actual expenses, which shall be subject to approval of the City Council.
F. Powers of the board. The primary duty of the BID 4 board is to recommend a budget for the use of BID proceeds to the City Council. The use of BID 4 proceeds is limited to the purposes provided under Section 2-8-4 above. The BID 4 board shall be authorized to take such actions necessary to carry out the appropriated expenditures included in the Council's approved budget for BID 4, upon any such further restrictions the Mayor and Council may provide during the budget approval process. (Ord. O2023-07, 10-16-2023)