The Board shall be composed of nine members appointed by the Council. Of the nine
members, five members shall be representatives of a minority business enterprise,
two members shall be representatives of lenders or businesses other than a minority
business enterprise, one member shall be a Section 3 contractor representative and
one member shall be either an at-large resident of the City or a member of the Council.
The Council shall nominate three members who shall be representatives of a minority
business enterprise, one member who shall be a representative of lenders or businesses
other than a minority business enterprise and one member who shall be either an at-large
resident of the City or a member of the Council. The Mayor shall nominate two members
who shall be representatives of a minority business enterprise, one member who shall
be a representative of lenders or businesses other than a minority business enterprise
and one member who shall be a Section 3 contractor representative. In order to facilitate
the staggering of terms of the members of the Board, of the members initially appointed,
three members of the Board shall serve for terms of three years, three members of
the Board shall serve for terms of two years and three members of the Board shall
serve for terms of one year. Thereafter, all members shall be appointed for terms
of three years. It is the intent of this section that, at all times, a majority of
the Board shall be composed of representatives of minority business enterprises. Upon
the expiration of a member's term of office, that member shall continue to hold office
until the successor thereof is appointed and qualified. Any vacancy shall be filled
for the unexpired term in the same manner as provided in this subsection. All other
aspects of the Board and its membership not addressed in this division shall be governed
by Article V, Division 1 of this chapter.
(Code 2004, § 2-873; Ord. No. 2011-130-142, § 1, 7-25-2011)
