A formal Board of Directors shall govern the district corporation. Subject to paragraphs (c) through (e) of this subsection: Except as provided in (2) of this paragraph, the board of a district corporation consists of at least nine members; or The governing body of the county may determine a different number of members for the board if the district is connected with a business improvement district in another county or state or in the District of Columbia. Board Nomination Committee: The Board Nomination Committee shall consist of 7 members: Deputy Chief Administrative Officer, County Council District, Municipality representative or delegate only if the BID is within a municipality, 2 property owners (1 property owner above a certain assessed value, 1 below), 1 business owner, and 1 resident. It shall be the responsibility of the board nomination committee to elect the initial board. Members of the Board of Nomination may not vote for themselves/entity. Initial Board of Directors: It shall be the responsibility of the initial board of the business improvement district to determine the district's bylaws the specific details pertaining to board structure, including the specific number of positions, terms, and voting procedures. The Initial Board shall consist of 9 voting members and 6 non-voting members. Voting members consist of: 5 property owners, 2 businesses, and 2 multifamily residents and the Executive Director, upon appointment. Nonvoting members consist of a representative of the following: Maryland State Senate, Maryland State House of Delegates, County Council District, Municipality, Single Family Home/Condo resident, and a representative of a local nonprofit, institution, or community service provider . Members will serve 1-2 years during the initial BID establishment. Initial board members will elect formal board members on a staggered basis, beginning after 1 year of establishment. Formal Board of Directors: The board shall be representative of property owners, business owners, residents, and representatives of the local jurisdictions within the boundaries of the business improvement district. The board should generally consist of 50% property owners, 30% business owners, 10% residents, and 10 % representatives of local nonprofit, institution, or community service provider. The board shall retain as voting members an Executive Director, and at least 5 property Owners, 2 businesses, 2 multifamily residents. The board shall retain as nonvoting members the member of the senate of Maryland and members of the House of Delegates who represent the legislative district where a district corporation is established. The board shall also retain as nonvoting members the member of the County Council District, the City, a Single family/Condo Resident and Community Service stakeholder. From among its members the board must elect a chair and other officers. Formal Board members will serve terms according to the bylaws of the Business Improvement District. Quorum: A majority of the voting members of the board is a quorum. The board may act on a resolution only by the affirmative vote of a majority of the voting members. A member of the board: May not receive compensation as a member of the board; but Must be reimbursed for expenses incurred in performing the duties. Board seats designated for property owners must be filled by owners (or authorized representatives) of nonexempt properties that are paying an assessment; Board seats designated for businesses must be filled by owners (or authorized representatives) of business that lease space in a nonexempt property that is paying an assessment; Board seats designated for residents must be filled by individuals whose primary residence is in a nonexempt property that is paying an assessment. The board must exercise its powers by resolution. The board must file an annual report with the governing body of the county that includes: A financial statement for the preceding year; A proposed operating budget for the current fiscal year Any proposed revisions to the business plan; and A narrative statement or chart showing the results of operations in comparison to stated goals and objectives.