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125 Regular Meeting December 29, 1983 Page 3 be made within sixty (60) days of the date hereof. Three (3) direct- ors shall be appointed for two year terms while two ( 2) will be ap- pointed for one year terms. All subsequent appointments will be made for two-year staggered terms. Within sixty (60) days of the date hereof, the City Council shall designate one of the directors to serve as chairman of the board of directors for the year ending December 31, 1984, and shall authorize the board to elect from its members a vice chairman and other officers as it sees fit. The City hereby establishes and adopts bylaws for the board of directors of the Zone a copy of which is attached hereto as Exhibit C, and dele- gates to the board the powers and authority as provided therein. "The board of directors shall make recommendations to the City Council concerning the administration of the Zone. It shall prepare or cause to be prepared and adopt a project plan for the Zone and must submit such plan to the City Council for its approval. The City hereby dele- gates to the board of directors all powers necessary to prepare and implement such project plan, subject to approval by the City Council, including the power to employ consultants to assist in the preparation of the project plan and in the issuance of tax increment obligations." Mayor Craddock seconded the motion, which passed unanimously. Mayor Craddock moved to amend Pages 2 and 3 as follows in Section 2 (d) : (3) to read as follows: " (3) The area within the reinvestment zone substantially impairs or arrests the sound growth of the City," deleting the remainder of (3) and deleting all of (4). Mr. Guerra seconded the motion, which passed unanimously. Mr. Farr moved to amend the Ordinance Exhibit C, Bylaws, Article II, Section 1 in its entirety, which was read into the record as follows: "SECTION 1. Powers, Number and Term of Office. The property and af- fairs of the Zone shall be managed and controlled by the City Council based on the recommendations of the Board of Directors and subject to the restrictions imposed by law, the Ordinance creating the Zone and these Bylaws, the Board of Directors shall exercise all of the powers necessary to implement the project plan which are by written ordinance delegated to it by the City Council. "The Board of Directors shall consist of five (5) directors. Each taxing unit that levies real property taxes in the Zone may appoint one member of the Board 6f Directors. A unit may waive its right to appoint a director. The remaining directors shall be appointed by the City Council. "The directors constituting the first Board of Directors shall be those selected pursuant to the Ordinance creating the Zone, of whom three ( 3) shall serve for two (2) years, and two (2) of whom shall serve for one ( 1) year, or until his or her successor is appointed as hereinafter provided. Subsequent directors shall hold office for a term of two (2) years or until their successors are appointed as hereinafter provided. "Any director may be removed from office, by the City Council, for cause or at will." Mr. Brown seconded the motion, which passed unani- mously. Mayor Craddock moved to amend the Ordinance to conform with the Open Meetings Act, Article 6252-17, Section 2, V.A.C.S., for the scheduling of meetings of the Board of Directors as provided in the ByLaws attached to the Ordinance. Mr. Farr seconded the motion, which passed unanimous- ly.