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BYLAWS OF THE LOUISVILLE REVITALIZATION COMMISSION <br />ARTICLE I: THE COMMISSION <br />Section 1. Status and Name. The Louisville Revitalization <br />Commission is an urban renewal authority organized and existing <br />under and by virtue of the Urban Renewal Law, C.R.S. § 31 -25 -101 <br />et seq., as amended. The name of the authority shall be, and the <br />authority shall do business in the name of, the "Louisville <br />Revitalization Commission." <br />Section 2. Seal. The seal of the Commission shall be in the <br />form of a circle and shall bear the name Louisville Revitalization <br />Commission. <br />Section 3. Office. The office of the Commission shall be <br />considered the Louisville City Hall, 749 Main Street, Louisville, <br />CO 80027, or such other place in the City of Louisville, Colorado <br />as the Commission, members may designate from time to time. <br />Section 4. Number of Members. The Louisville Revitalization <br />Commission shall consist of seven (7) members whom the Mayor with <br />consent of City Council shall appoint. As authorized by C.R.S. § <br />31-25-104(2) (a), one member of the Commission shall be a member of <br />the Louisville City Council. Members shall be residents of the <br />City at the time of their appointment and at all times while <br />serving on the Commission. <br />Section 5. Term of Members. Each member shall be appointed <br />for a staggered term, such that at least one member's term expires <br />each year, and thereafter five -year terms. <br />ARTCLE II: OFFICERS AND PERSONNEL <br />Section 1. Officers. The officers of the Louisville <br />Revitalization Commission shall be a Chair, a Vice - Chair, and a <br />Secretary who shall be elected by the Commission from its <br />membership. <br />Section 2. Chair. The Chair shall preside at all meetings <br />of the Commission. Except as otherwise authorized by resolution <br />of the Commission, the Chair shall have the authority to sign <br />contracts, deeds, checks or drafts for the payment of monies, and <br />other legal instruments of the Commission. <br />Section 3. Vice Chair. The Vice -Chair shall perform the <br />duties of the Chair in the Chair's absence from the City or the <br />incapacity of the Chair. During any vacancy in the office of the <br />Chair, the Vice -Chair shall perform such duties of the Chair until <br />such time as the Commission shall select a new Chair from among <br />Page 1 of 11 <br />