§ 26-33. Membership, powers, duties.

(a)

The downtown development authority shall be under the supervision and control of a board consisting of the mayor and 12 additional members appointed by the mayor subject to approval by the Niles City Council. Not less than seven of the members shall be persons having an ownership, leasehold or other possessory interest in property located in the downtown district, or officers, members, trustees, principals or employees of a legal entity having an ownership, leasehold or possessory interest in property located in the downtown district. If there are more than 100 persons residing in the downtown district, at least one member of the board shall be a resident of the downtown district.

(b)

Following the effective date of this section, of the members appointed an equal number of the members, as near as practical shall be appointed for one-year, two-year, three-year and four-year terms. A member shall hold office until the member's successor is appointed. Thereafter, each member shall serve for a term of four years. An appointment to fill a vacancy shall be made by the mayor for the unexpired term and with approval by affirmative vote of the city council.

(c)

Members of the board shall serve without compensation, but shall be reimbursed for actual and necessary expenses. A chairperson of the board shall be elected by the board.

(d)

The downtown development authority shall have all the powers and duties as set forth herein and by statute including but not limited to implementing development plans, acquiring and disposing of interests in real and personal property; levying ad valorem tax not to exceed two mills on the real and tangible personal property in the downtown district; issuing bonds and other evidences of indebtedness, and authorizing the use of tax increment financing plans all as prescribed in Public Act No 197 of 1975 as amended (MCL 125.1651 et seq.).

(Code 1985, § 8.5-18; Ord. No. 448, §§ 1, 2, 2-27-2012)

State law reference

Governing board, MCL 125.1654.