Common use of Governance of the District Clause in Contracts

Governance of the District. The Parties acknowledge that under the terms of the Formation Ordinance and the CID Act, the District will be governed by a Board of Directors made up of five representatives of the owners of real property or businesses operating within the real property, who will be appointed by the Mayor with the consent of the City Council. The Developer, as an owner of real property in the District, will authorize the appointment to the CID Board of Directors of two persons designated by the City who meets all other qualifications to serve on the CID Board of Directors, by designating such persons as an authorized representative of the Developer with respect to the CID.

Governance of the District. The Parties acknowledge that under the terms of the Formation Ordinance CID Petition and the CID Act, the District will be governed by a Board of Directors made up of five representatives of the owners of real property or and/or businesses operating within the real propertyDistrict, who will be appointed by the Mayor of the City with the consent of the City CouncilCouncil of the City. The Developer, as an owner of real property in the District, will authorize the appointment Developer agrees to designate five persons mutually acceptable to the CID Board City and the Developer as its representatives for the purpose of Directors of two persons designated by being appointed to the City who meets all other qualifications to serve on the CID District Board of Directors, by designating such persons as an authorized representative of the Developer with respect to the CID.

Governance of the District. The Parties acknowledge that under the terms of the Formation Ordinance and the CID Act, the District will be governed by a Board of Directors made up of five representatives of the owners of real property or businesses operating within the real property, who will be appointed by the Mayor with the consent of the City Council. The Developer, as an owner of real property in the District, will authorize the appointment to the CID Board of Directors of two persons designated by the City who meets all other qualifications to serve on the CID Board of Directors, by designating such persons as an authorized representative of the Developer with respect to the CID. The District shall employ or engage an administrator or legal counsel with experience managing special taxing districts to ensure that the District complies with this Agreement and all applicable laws and regulations.