(a) Official board. The official board of the formerly known CVB business improvement district, the "Convention and Visitors Bureau Board of Directors," shall be renamed to "Experience Sioux Falls Business Improvement District (BID) Board of Directors." The Experience Sioux Falls BID board of directors will be the official board of the Experience Sioux Falls business improvement district, a board of directors appointed as provided in this section.
(b) Composition, terms, and appointment.
(1) The board of directors will consist of nine voting members appointed by the mayor and approved by the city council, and comprised of:
A. Three members who own or manage a hotel in the city with over 100 or more rooms;
B. Two members who own or manage a hotel in the city with 75 to 99 rooms;
C. One member who owns or manages a hotel in the city with 40 to 74 rooms;
D. Two members from the Experience Sioux Falls board of directors executive committee; and
E. One member from the city business community at-large.
(c) Officers. At the first regular meeting of the board of directors of each calendar year, the board shall select from its voting members at a minimum a chairperson, vice chairperson, and secretary.
(d) No hotel ownership or management group may, either directly or indirectly, hold more than two seats on the board of directors.
(e) Terms. All members will be appointed to three-year terms, and may not serve more than two consecutive full terms.
(f) Voting registration. Any voting member may serve without being a registered voter of the city provided they have a vested or representative interest in the district. This exception does not apply to the at-large member referenced in subsection (b)(1)E above. The at-large member shall be a registered voter of the city. Non-voting members may serve without being a registered voter of the city.
(g) Non-voting members. The following persons will be non-voting ex officio members of the board of directors:
(1) A member of the city council, appointed by the mayor;
(2) The Experience Sioux Falls CEO; and
(3) The immediate past chairperson of the board of directors, if such member has fulfilled two consecutive full terms.
(h) Resignations. Resignations of directors must be in writing and will take effect upon receipt of the board of directors.
(i) A member shall be automatically terminated from the board of directors if:
(1) A member no longer meets the stated requirements of this section; or
(2) A member fails to attend two meetings in a calendar year of the board of directors and a vacancy is declared by majority vote of the voting members of the board of directors.
(j) The mayor, with the approval of the city council, will fill any vacancy for the remainder of the term vacated.
(k) Duties of the board of directors. The board of directors shall have the following duties.
(1) The board of directors will review and tentatively approve an annual budget prepared by the Experience Sioux Falls CEO for the use of the occupation tax collected by the BID. The budget must be in accordance with the purposes of the BID and the requirements of SDCL ch. 9-55 and this subchapter. Before becoming effective, the budget must be presented to and approved by the Experience Sioux Falls board of directors or its executive committee and the city council.
(2) The board of directors will have those other duties as may be specified in SDCL ch. 9-55, or as otherwise necessary to carry out the intent of ch. 9-55 and this subchapter.
(1992 Code, § 39-194) (Ord. 78-10, passed 11-15-2010; Ord. 72-22, passed 7-5-2022)