Once the bylaw is drafted, the council must give it three readings. After the third reading, the BIA bylaw goes back to property owners to receive their formal approval before the BIA can actually be created. There are three methods through which this approval can be given. You have likely incorporated a BIA management association as a legal entity. Although all commercial and industrial property owners must contribute financially to the BIA, the organization itself decides who can be a member.
Candidates can include property owners and business owners.
You must also decide who has a vote. 2.Board of Management Members must decide the composition of the Board and its electoral procedures. You can assign positions to represent property owners, business owners who are tenants and municipal council. The organization will also have to decide on a formal structure and may give authority to the board to form sub-committees with specific jobs, to prepare annual work programs and budgets and to implement the work program, which may include marketing, consulting studies, streetscape maintenance, design work, hiring of staff and liaison with council. The board is not allowed to incur debt, own real property or undertake capital works on private land.