§ 20-415. Board of directors.

(a)

Board of directors. As specified in the creation ordinance, a district shall have a board of five (5) to nine (9) members. At least two (2) members of the board shall be appointed by the mayor and confirmed by the city council. All other members of the board may be nominated by the electors of the district in the manner provided in the petition, provided that any such nominees shall be subject to appointment by the mayor and confirmation by the council. The members of the initial board shall be confirmed in the creation ordinance with one-third, or as near to one-third as possible as determined by the mayor, of initial appointees to have a term of one (1) year, one-third of the appointees to have a term of two (2) years, and one-third of the appointees to have a term of three (3) years. All members of the board shall be electors within the district. The initial board members' terms shall be deemed to have commenced on the effective date of the creation ordinance and extend until the dates specified by the mayor. Upon the expiration of the initial terms, successors shall be appointed by the mayor and confirmed by the city council for terms of three (3) years.

(b)

Board serves at pleasure of the mayor. All board members serve at the pleasure of the mayor and can be removed without cause.

(c)

Officers and duties. The board shall appoint a president, secretary, treasurer, and such other officers as the board deems necessary, and the same board member may hold more than one (1) position except that president and secretary shall not be held by the same person. The secretary shall keep a record of all proceedings, minutes of meetings, certificates, contracts, and corporate acts of the board, which shall be open to inspection pursuant to the applicable provisions of article 72 of Title 24, C.R.S. by the electors of the district and other interested parties. The district shall keep permanent records containing accurate accounts of all money received by or disbursed on behalf of the district and shall make such annual or other reports to the city as it may require.

(d)

Potential conflicts of interest. Each member of the board is required to disclose any potential conflicting interest in any transaction. Ownership or a leasehold interest, in and of itself, by a board member, such member's employer, or the entity that designated the member as an elector, of property within the district shall not be considered a potential conflicting interest.

(e)

Meetings. Upon notice to each member of the board and the public, the board shall hold public meetings, which shall be held in a place to be designated by the board as often as the needs of the district require, but no less than once annually. The meetings of the board shall be subject to the provisions of Denver Revised Municipal Code section 2-31, et seq. The board shall act by resolution or motion.

(Ord. No. 653-17, § 1, 6-26-17)