Downtown Cincinnati Improvement District

“The DCID directors and officers directly oversee the activities of DCID. However, the officers of DCI also oversee the activities of DCID. All employees that carry out the activities of DCID are employees of DCI's parent company, Cincinnati Center City Development Corporation (3CDC). 3CDC does not charge compensation of officers to DCI.”

“Six members are elected by the members (property owners) with one appointee being the City Manager of the City of Cincinnati or designee, one appointee from the City Council of the City of Cincinnati and one appointee from the Board of County Commissioners of Hamilton County, Ohio.”

“Per the Code of Regulations Specifically Reserved Powers of Sole Member. The Directors may not, without the prior approval of the sole member: dissolve the Corporation; convert it to another form or legal entity; transfer or dispose of substantially all of its assets; execute promissory notes, loan instruments, or otherwise cause the Corporation to incur or assume debt; or enter into a contract or agreement (or a series of related contracts or agreements) that obligates the Corporation to expend more than fifty thousand dollars ($50,000).”

“There are no committees with authority to act on behalf of the organization.”

“A copy of the 990 was presented to the board before it was filed.”

“The conflict of interest policy is given to every Board member on an annual basis.”

“Documents are available upon request.”

“Service Contract: Program service expenses 3,340,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,340,000. Fountain Square Operating Support: Program service expenses 125,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 125,000.”

“Rounding -1.”