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SECTION 2-14-115. ESTABLISHMENT OF DISTRICT BOARD OF DIRECTORS. There shall be a Board of Directors ( "Board ") of the District to administer the affairs of the District. Said Board shall be constituted of businesses within the District. Within the Board there shall be a President, Vice- President, Secretary, and Treasurer elected by the membership, and such other officers as deemed necessary by the Board. Such other officers shall be appointed by the Board at their discretion. All voting within the District regarding election of Board Members and any actions regarding the normal and routine conducting of District Business shall be based on one (1) vote per assessed dollar, and said business must be cu in payment of their District assessment(s) to participate in such votes. SECTION 2 -14 -120. ESTABLISHMENT OF BENEFIT ASSESSMENT. All businesses, trades, and professions located within the District boundaries shown on Exhibit A shall, commencing January I, 2000, pay an annual benefit assessment to the District in the following amounts: Zone A Zone B Retailers and Restaurants: (1 -3 emp.) $150.00 $75.00 (4 -6 emp.) $300.00 $150.00 (7+ emp.) $450.00 $225.00 Service Businesses $125.00 $62.00 Professional Businesses $100.00 $50.00 Financial Institutions $500.00 $500.00 Lodging: (Bed & Breakfast) $200.00 (Hotels, Motels) $300.00 Note: Retail and restaura businesses will be assessed a benefit fee according to number of full -time employees (based on 2,000 annual hours) or the equivalent number of accumulated hours worked by all fill- and part -time employees. SECTION 2 -14 -125. PURPOSE AND USE OF BENEFIT ASSESSMENTS. The types of improvements and activities proposed to be funded by the levy of assessments on businesses in the District are as follows: A. The acquisition, construction, installation, or maintenance of any tangible property with an estimated useful life of five years or more including, but not limited to, the following improvements: 4