District management corporation.

Metropolitan Code of Nashville and Davidson County § 2.179.050

in effect

2.179.050 - District management corporation. A. There is hereby authorized a district management corporation to be chartered pursuant to the provisions of the Nonprofit Corporation Act of Tennessee for the purpose of administering the special assessment revenues and the activities within and for the MBID, the making of improvements within and for the MBID, and the provision of services and projects within and for the MBID. B. The district management corporation shall be governed by a board of directors consisting of not fewer than eleven and not more than twenty-one members. The exact number of members and the required quorum for meetings will be determined by the district management corporation bylaws. The members of the board shall serve staggered terms of not to exceed four years as determined by the board through the district management corporation bylaws, and shall be limited to two consecutive terms. C. The Speaker of the Senate of the State of Tennessee shall appoint the senator whose senate district includes the majority of the area contained within the MBID to serve as an ex officio member and the Speaker of the House of Representatives of the State of Tennessee shall appoint the representative whose house district includes the majority of the area contained within the MBID as an ex officio member. Any member(s) of the metropolitan council whose council district(s) includes any of the area contained within the MBID shall also serve as an ex officio member. The ex officio members shall serve for the term for which they are elected and shall not be counted in determining the presence of a quorum. D. At least one member must be representative of each of the following categories: one member shall be large property owner (defined as an owner of a major hotel property or commercial office building in the district), one member shall be small property owner (defined as an owner of commercial property other than major hotel or office buildings in the district), one member shall be a commercial tenant (defined as any lessee of commercial property within the district), one member shall be a resident property owner of the district, and one member shall be a residential tenant within the district. E. A slate of initial members of the board shall be submitted by the midtown business improvement district steering committee for ratification by the owners of property present and voting at the initial annual meeting of the district management corporation. F. Vacancies on the board due to resignation, other than for ex officio members, shall be filled by the remaining board members present and voting at the meeting at which the vacancies are to be filled. In the event of vacancies as a result of the expiration of terms, the board shall submit a slate of members to fill the vacancies for ratification at the annual meeting of the district management corporation. At the expiration of a term, a board member shall holdover as a member of the board until the vacancy is filled in accordance with this section. G. Notwithstanding any provision in this chapter to the contrary, all members selected to the board of directors shall be subject to confirmation by the metropolitan council. Notice of the selection shall be provided in writing to the metropolitan clerk. If the metropolitan council fails to act on a confirmation within sixty days of notice of the selection, the member shall be conclusively presumed approved by the metropolitan council. (Amdt. 1 to Ord. BL2025-1113 § 1, 2025; Ord. BL2025-1113 § 1, 2025)

Source: Metropolitan Government of Nashville and Davidson County, Metropolitan Code and Charter (Municode Library, library.municode.com)URL: https://library.municode.com/tn/metro_government_of_nashville_and_davidson_county/codes/code_of_ordinances?nodeId=CD_TIT2AD_DIVVOTAGBU_CH2.179MICEBUIMDIMB_2.179.050DIMACOFetched: 10/28/2026