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ARTICLE 5 <br />DIRECTORS <br />SECTION 1. NUMBER AND TERM <br />A) The corporation shall have a minimum of nine (9) and a maximum of twenty-five (25) <br />Directors and collectively they shall be known as the Board of Directors. The exact number <br />of Directors shall be fixed from time -to -time by resolution and amendment of these bylaws <br />by the Board of Directors. Subject to the foregoing provisions for changing the number of <br />Directors, the following seats shall be allocated to the Board of Directors based upon their <br />financial contribution, as a group, to the operation of the Association. The allocation of <br />categories of Board seats shall be as follows: <br />1) At least two thirds (2/3) of the seats on the Board of Directors at all times and within a <br />specific year, shall be filled by property owners , or representatives of property owners, who <br />have fully paid into the current fiscal year of the Downtown San Leandro Community <br />Benefit District; <br />2) The balance of seats shall be filled by "Community at large" members, including business <br />tenants, residential tenants, or other at community at -large members. The Directors shall be <br />elected in accordance with Article 4, Sections 1 and 2 for two (2) year terms beginning on the <br />date of election to replace those Directors whose terms are then expiring. During the first <br />full nomination and election of the Board in the summer or Fall of 2014, 50% of the property <br />owner directors shall serve two year terms and 50% shall serve one year terms. This <br />staggering of seats will ensure that the entire Board is not replaced within one calendar year. <br />Commencing 2015, and thereafter, all property owner seats shall serve 2 year terms from the <br />date of the Annual Meeting. <br />0 <br />