§ 114-6. Organization, operations and dissolution.

A.

Commencement of District operations.

(1)

Within fifteen (15) business days following publication of the referendum results or within ten (10) business days following the determination by the referendum supervisor of any appeal, whichever occurs later, the Mayor shall call a general meeting of property owners to nominate and elect the Board of Commissioners.

(2)

At the general meeting of the property owners called by the Mayor, a majority by number of the property owners present and voting at such meeting shall elect the first Board of Commissioners, which shall meet within twenty (20) business days of such general meeting to adopt the bylaws governing their operations. The members of such Board shall serve as provided in § 114-6B(2) of this chapter.

(3)

The Board of Commissioners shall prepare the first budgets for the District for the fiscal years ending June 30, 1992, and June 30, 1993, and submit such budgets for consideration and review to a general meeting of the property owners and shall submit the recommended tax levy to the Board of Representatives in accordance with procedures set forth in the bylaws.

B.

Board of Commissioners.

(1)

The Board of Commissioners shall consist of not fewer than fifteen (15) members. [Amended 3-1-1995 by Ord. No. 750]

(a)

Non-voting members shall be ex-officio and shall have no voting rights, but shall have the right to receive notice and to participate in an advisory capacity at all meetings of the Board of Commissioners. The non-voting members shall be the President of the Chamber of Commerce, the Executive Director of the Urban Redevelopment Commission, the President of the Stamford Partnership, the City of Stamford Land Use Bureau Chief, and the CEO's of such other organizations as the DSSD shall deem appropriate.

(b)

Voting members shall have all rights and powers, including the right to vote on all matters which may come before the Board of Commissioners, and shall include the following individuals:

[1]

The Mayor of the City or his or her designee.

[2]

The President of the Board of Representatives or his or her designee.

[3]

The owner, or such owner's designee, of the Stamford Town Center.

[4]

Elected commissioners shall be comprised of the following three (3) groups:

[a]

Owners of real property within the District who may or may not be tenants or managers of businesses within the District. This class of elected Commissioners shall be known as "Owner Commissioners."

[b]

Managers of businesses or tenants of properties within the District. This class of elected Commissioners shall be known as "Retailer Commissioners."

[c]

The designees of associations of condominium unit owners (condominium association) with which condominium units declared after November 25, 2005 are affiliated. This class of elected Commissioners shall be known as "Condominium Commissioners".

(c)

Not less than thirty (30) days before each annual election of Commissioners, the incumbent Board of Commissioners shall, by a majority vote, determine the number of elected Commissioners' posts that shall be filled at the next regularly scheduled election; provided, however, that at no time shall the number of Owner Commissioners and Condominium Commissioners exceed two-thirds ( 2/3 ) of the number of total elected Commissioners or be less than sixty percent (60%) of the total elected Commissioners and at no time shall the number of Condominium Commissioners exceed fifteen percent (15%) of the total elected Owner Commissioners. Commissioners shall be elected in a manner consistent with the intent of staggered terms, as set forth in § 114-6B(2)(a) below.

(d)

With respect to Retailer Commissioners, the following further requirements shall apply:

[1]

At least one (1) shall be a manager or tenant of a retail store within the District having sixty thousand (60,000) square feet or more.

[2]

At least one (1) shall be a manager or tenant of a retail store within the District having less than sixty thousand (60,000) square feet.

[3]

At least two (2) shall not also be an owner of property in the District.

[4]

At least two (2) shall not be from a business located within the Stamford Town Center.

(2)

Election of elected members of the Board of Commissioners.

(a)

At the first meeting of property owners at which a Board of Commissioners shall be elected:

[1]

Three (3) of the owner commissioners and two (2) of the retailer commissioners shall be designated "Group A Commissioners" and shall be elected for a term expiring on June 30, 1993; and

[2]

Two (2) of the owner commissioners and one (1) of the retailer commissioners shall be designated "Group B Commissioners" and shall be elected for a term expiring on June 30, 1994. At each succeeding annual meeting of property owners, Commissioners shall be elected for two-year terms.

(b)

Nominations for elected members may be made by the current Board of Commissioners or by any ten (10) property owners and/or tenants in the District and may be made at the annual meeting prior to the election.

(c)

The Board of Commissioners shall be elected by the property owners, with each property owner having one (1) vote for each property owned by such property owner. In regard to condominium units, the association with which that unit is affiliated (condominium association) shall have one (1) vote representing all of the units represented by that association of unit owners. Property owners may cast votes as follows:

[1]

In the election of owner commissioners for up to that number of individuals who are to be elected to serve as owner commissioners; and

[2]

In the election of retailer commissioners for up to that number of individuals who are to be elected to serve as retailer commissioners. Property owners are not permitted to cumulate their votes for election of commissioners.

(d)

The nomination and election of owner commissioners shall be conducted before the nomination and election of retailer commissioners is conducted.

(e)

The individuals receiving a plurality of the votes for owner commissioners shall be deemed elected to serve as owner commissioners and, subject to § 114-6B(1)(a)[5][a] through [d] of this chapter, the individuals receiving a plurality of the votes for retailer commissioners shall be deemed elected to serve as retailer commissioners.

C.

The Board of Commissioners shall be responsible for governing the organization, approving the annual budget and setting policy as well as determining the mission, vision and goals of the DSSD.

D.

General meetings of property owners.

(1)

There shall be an annual meeting of District property owners to review the yearly budget and to conduct other such business as is determined necessary.

(2)

Special meetings may be called in accordance with the bylaws of the District.