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agreement with the City of Santa Ana. Upon Community Management District <br /> adoption/renewal, the City of Santa Ana and Downtown, Incorporated will <br /> execute a contract for the performance and delivery of the stipulated program <br /> services over the life of the District. <br /> The Board of Directors of Downtown, Incorporated shall meet generally on a <br /> monthly basis. When related to Community Management District matters, such <br /> meetings shall be subject to the State of California "Brown Act" open meeting <br /> requirements. Records of this corporation pertaining to Community Management <br /> District-related matters shall be available for public review as stipulated by State <br /> law. Pursuant to the Municipal Code, the Downtown, Incorporated Board of <br /> Directors shall file, for approval by the City Council, an annual report for the <br /> upcoming year for which assessments shall be levied. <br /> Downtown, Incorporated will employ a management professional as Executive <br /> Director/CEO whose duties shall include the implementation of the programs and <br /> activities of the CMD as well as the management of the day-to-day affairs of the <br /> CMD and Downtown, Incorporated. Additional staff may be employed as needed <br /> and as provided for in the budget. <br /> <br /> M. Other Items <br /> No bonds will be issued for any CMD projects. <br /> H:\New BID Formation\BID Consultant\Management District Formation Committee\MANAGEMENT DISTRICT PLAN <br /> Amended 5.09.docx <br /> Ig <br /> 80A-22 <br /> <br />