A. There is hereby established in and for the city the Waterloo airport board of directors (hereinafter referred to in this chapter as the board) created under Iowa Code chapter 392 for the purpose of governing the operation of the Waterloo airport and managing the development of land and infrastructure in the area adjacent to the airport, pursuant to the terms and provisions of this chapter.
B. Subject to this chapter, the board shall succeed to the current responsibilities of the airport commission and the airport area development authority, both of which are hereby abolished.
C. The board shall consist of seven (7) members each having the right to vote. The members shall be appointed by the mayor, which appointment shall be approved by the city council. Three (3) board members shall initially be appointed for two (2) years, two (2) board members for three (3) years and two (2) board members appointed for four (4) years. The terms of the board members initially appointed shall be determined by their appointment. Absent member lots shall be drawn by a proxy. Thereafter, the term of each member shall be for four (4) years and any vacancies occurring in the membership shall be filled in accordance with this chapter. Any member may be removed by a majority vote of the city council. The terms of board members shall expire on and as of June 30 of the year in which their terms expire. All appointments after the original appointments shall be in accordance with this chapter. (Ord. 4400, 12-13-1999)