BIL 055 Draft 02 2006-2008 - Laserfiche WebLink

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KAILUA VILLAGE BUSINESS IMPROVEMENT DISTRICT PLAN 1. Mission Statement. The mission statement of the County of Hawaii Kailua Village Business Improvement District No. 1 is as follows: The County of Hawaii Kailua Village Business Improvement District No. 1 is dedicated to enhancing the quality of life in Kailua Village, which shall exemplify the quality of life throughout the Island of Hawaii, by providing businesses, residents, visitors and employees of Kailua Village with a safe, clean and enjoyable environment in which to live, work and play. The County of Hawaii Kailua Village Business Improvement District No. 1 shall work in partnership with government to develop and implement programs that promote the overall vitality of Kailua Village and the Island of Hawaii. 2. The District Association and District Board. The District Association established for the County of Hawaii Kailua Village Business Improvement District No. 1 ("District Association") will be a corporation organized as a nonprofit corporation under Chapter 414D, Hawaii Revised Statutes, as amended. The purposes for which this corporation is organized and its powers in connection therewith are exclusively for the development of the County of Hawaii Kailua Village Business Improvement District No. 1 (hereinafter referred to as the "District") and the furtherance of the Business Improvement District goals. The District Association will be organized for the purpose of selecting the Board of Directors of the District Association ("District Board"), which will execute the responsibilities and activities prescribed in the Kailua Village Business Improvement District Plan ("District 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) District Board. The District Association shall be governed by the District Board. The District Board shall have a total of at least three but not more than 17 members, who shall be elected or appointed in accordance with the articles of incorporation of, and in the manner prescribed by the bylaws of, the District Association and as follows: i) There shall be 11 voting members. ii) The voting members shall represent the fee simple owners and lessees of land and tenants of commercial space within the district along with the mayor (or mayor's designee), and the council member of the district within which the majority of the land area within which the district is located (or the council member's designated representative). Exhibit "A" (Page 1 of 8)