(A) The Authority shall be under the supervision and control of a Board, consisting of the Mayor of the city or his or her designated representative from the City Commission and eight members appointed by the Mayor subject to the approval of the City Commission. At least a majority of the Board’s members shall be having an interest in property located within the Downtown District. At least one member shall be a resident of the Downtown District, provided the district is found to have 100 or more persons residing therein.
(B) Members of the Board shall serve for a term of four years.
(C) The Chairperson of the Board shall be elected by the Board.
(D) The Board members shall receive no compensation for their services on the Authority, but they may be reimbursed for necessary and actual expenses.
(1993 Code, § 31.50) (Ord. 87-1, passed 8-18-1987)