Downtown Sioux Falls Inc

“The executive committee shall consist of the chair, vice chair, immediate past chair, executive director, secretary, and treasurer of dtsf. The executive committee shall meet as needed to act for the directors between regular board meetings, and to advise on personnel issues and financial matters. The executive committee shall also recommend to the board of directors the names of individuals to fill vacant positions on the board.”

“Section 7.13 of the bylaws was expanded upon. Prior to the amendment: directors may appoint, at their discretion, ex-officio directors that represent the city of sioux falls administration or city council, downtown residents, or the main street sioux falls business improvement district. As amended, ex-officio directors are appointed as follows: a. The sioux falls city council shall be represented on the dtsf board of directors by the district councilor(s) representing the downtown district. B. The mayor of sioux falls may nominate a city department director, or equivalent, as an ex-officio director to the dtsf board of directors for consideration. C. The directors of dtsf may appoint at their discretion ex-officio directors that represent the downtown residents or the main street sioux falls business improvement district.”

“Membership in dtsf shall be available to any person or business which believes in & will promote the purposes and objectives of dtsf. Membership consists of three classes of members: 1) business memberships 2) residential memberships - open to individuals & families who live in the downtown sioux falls area. 3) business improvement district ("bid") members - businesses who are required to pay an assessed tax to the city of sioux falls for the property they own within the boundaries of the bid. This tax is mandatory. If the tax is not paid to the city of sioux falls within three months, it is then transferred to minnehaha county for collection through the property owner's property tax. As bid funds are received from the bid property owners, the city of sioux falls transfers the money to dtsf for use in conducting the bid board approved budgeted activities.”

“Each member shall be entitled to one vote per membership in the annual election of directors.”

“The executive director emails each director a draft of the irs 990 return prior to its filing, asking for their approval of the draft return.”

“Dtsf's conflict of interest policy covers board members, officers and committee members with governing board delegated powers. A request is made annually for board members to disclose any potential conflict of interest. The board implements the procedure for evaluating the issue or transaction involved. The board member, officer or committee members with the conflict must refrain from voting.”

“The executive committee performs an annual review of the executive director. Based on this review, the committee determines the executive director's compensation for the upcoming year and any bonus which may be deemed appropriate.”

“Dtsf's documents are available upon request.”