COM 0647.008 2002-2004 - Laserfiche WebLink

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• 00-40 • The Waikiki Business Improvement District is dedicated to enhancing the quality of life in Waikiki, which shall exemplify the quality of life throughout the State of Hawaii, by providing businesses, visitors, employees and residents of Waikiki with a safe, clean and enjoyable environment in which to live, work and play. The Waikiki Business Improvement District shall work in partnership with government to develop and implement programs that promote the overall vitality of Waikiki and the State of Hawaii, by strengthening their roles as world-class resort destination areas. 5, The Dia i Y Ag40 is ion and Dia rirY Aoa d, The District Association established for the Waikiki Business Improvement District ("District Association") will be incorporated under HRS chapter 415B, the State Not-For-Profit Corporation Law. The District Association will be organized for the purpose of selecting the Board of Directors of the District Association ("Board"), which will execute the responsibilities and activities prescribed in this Plan on behalf of the District Association. (a) IRC 501(c)(3) Status. The District Association will be organized exclusively for charitable and educational purposes as specified in Section 501(c)(3) of the Internal Revenue Code of 1954, as amended. (b) Classes of Membership. The District Association will have two (2) classes of voting membership and one class of non-voting membership. The voting classes shall be composed of: (i) fee simple owners and ground lessees of record of real property located within the District; and (ii) commercial tenants leasing space within the District who have registered as such commercial tenants with the Board in accordance with the District Association's articles or bylaws. The nonvoting class shall include landowners who are exempt from paying Assessments (defined below), the -2- 00-40