(a) Members of the Oversight Board shall serve at the pleasure of their respective appointing authorities and may be removed by the member’s appointing authority at any time. Each member may remain on the Oversight Board for a maximum of two full terms unless removed prior to the expiration of the term by the member’s appointing authority, provided that such limitations to terms do not apply to Seat 9 (with such terms staggered so as to minimize the number of terms expiring simultaneously). The staggered terms will be applied as follows: the initial appointment for seats, 2, 4, 6, and 11 is two years, with the remaining seats being appointed to initial four-year terms. Thereafter, all terms shall be for four years. For purposes of the term limit, serving an initial term of two years, or serving more than half of a four-year term, shall count as serving a full term. A seat that is vacant on the Oversight Board shall be filled by the appointing authority for that seat.
(b) Members of the Oversight Board shall receive no compensation from the City, except that the member in Seat 9 may receive their regular City salary for time spent on the Oversight Board.
(c) Any member who misses three regular meetings of the Oversight Board within a twelve-month period without the express approval of the Oversight Board at or before each missed meeting shall be deemed to have resigned from the Oversight Board 10 days after the third unapproved absence. The Oversight Board shall inform the appointing authority and the Clerk of the Board of Supervisors of any such resignation.
(d) The Mayor’s Office of Housing and Community Development shall provide administrative and clerical support for the Oversight Board. All City officials and agencies shall cooperate with the Oversight Board in the performance of its functions.
(Added by Ord. 233-20, File No. 201183, App. 11/13/2020, Eff. 12/14/2020)