Agenda - 10-13-2011 - 3 - Laserfiche WebLink

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9 ATTACHIVVIENT C - 3 (3) Tourism-related-expenditures. Expenditures that, in the judgment of the CTDA, are designed to increase the use of lodging facilities, meeting facilities, and conxention facilities in the town by attracting tourists or business travelers to thu town. The term includes tourism-related capital expenditures. Section 8A-5. Carxboro Tourism Development Authority: Ap-pointmen~and Membership: (a) The Carrboro Tourism Development Authority (CT-DA)- is hereby created, which shall be a public authority under the Loral. Government Budget and Fiscal Control Act. (b) The CTDA shall consist of three members appointed by the Board of Aldermen. Members need no reside- within the xown,- but at least one-third of the members must be individuals who are affiliated with businesses-that collect the tax in the town, and at least three- fourths-.of the-members must be individuals wha-are currently active..in the promotion-of travel and tourtsm3n the.town. (c) Subject to subsection (d), members shad br appointed for teens of one yeaz~ The initial terms of alt appointees shall expire on January 3I of the year that follows the initial appointments. Subsequent terms shat} run from. February 1 of one year to January 31 of the following year. Vacancies shall be filled-for the remainder of the unexpired term. Members may be appointed to successive terms without limitation. (d) Members shall serve at the pleasure of the Board of Aldermen and may be removed by the Boazd at any time with or without~cause. - (e) Members shall serve without compensation. Bection Bpi-ti. Meetines of CTDA. (aj 'The CTDA shall meet as necessary to carry out its Bowers and duties as specified below. All meetings shall be meld in conformity with the Open Meetings Law. (b) A quorum for the CTDA shall consist. of- three members, except that if one seat is vacant, a quorum shall consist of two members. All actions of the CTDA shall be taken by majority-vote, a quorum being present. (c) Upon the ixutia-1 appointment of members to the CTDA and upon the commencement of each new term, the Board of Aldermen shall -appoint one member to serve as chair of the CTDA during that term. If a vacancy occurs during a temp, the Board shall designate another member to serve as chair for the remainder of that term. The chair may take part in all deliberations and vote on all issues. Section 8A-7. Powers and Duties of the CTDA.