New CID Governance

Board of Directors:

Selection of Members: No more than nineteen (19) Directors selected in accordance with the following procedures:

§  Up to sixteen (16) property owners that pay an assessment to the District; no more than four (4) members selected from each of four subdistricts.

§  Up to three (3) owners of businesses who may not be property owners, but must have their principal business locations in the District.

§  No fewer than 20% of the members must own and reside in property located in the District.  In the event that a residential owner also owns non-residential property in the District and are otherwise qualified for membership, they do not count toward the 20% requirement. 

§  Effort will be made to recruit Directors that represent the range and diversity of property types (hospitality, office, retail, parking, rental apartments, residential condominiums). 

§  There are no ex-officio or non-voting Directors. Any person qualified in accordance with the above can be nominated to serve as a Director. All nominations are reviewed by the Nominating and Board Development Committee with recommendations forwarded to the Board for approval.

§  Directors serve three year terms (with the exception of initial terms, which are staggered), and are limited to two consecutive terms.

Officers:

·       Chair; Vice-chair for Safety and Security; Vice-Chair for Public Space Management and Infrastructure; Vice-Chair for Marketing and Economic Development; Secretary; Treasurer.

Voting:

§  Directors must be present at a board meeting to vote; no proxies are allowed.

Meetings:

·       Regularly scheduled meetings generally held monthly, but no fewer than nine meetings annually.

·       One meeting serves as the annual meeting.

·       All meetings are open to the public except for executive sessions permitted by the Missouri Sunshine Law

Committees:

·       Board Standing committees: Executive Committee; Safety and Security; Public Space Management and Infrastructure; Finance; Nominating and Board Development.

·       Executive Committee: Seven members (Chair, three vice-chairs, Secretary, Treasurer, Chair of Nominating and Board Development committee).

·       Finance committee chaired by Treasurer; other committees chaired by respective members of Executive Committee.

·       Special committees will be appointed as needed.

·       Committees can include Directors and others.