APPOINTMENT OF VOTING DIRECTORS; QUALIFICATIONS.

(a) In this section, "city stakeholder" means:

(1) a person who owns property in the city;

(2) an owner of stock or of a partnership interest or membership interest, whether beneficial or otherwise, of a corporation, corporate partnership, limited liability company, or other entity that owns a direct or indirect interest in property in the city;

(3) an owner of a beneficial interest in a trust that owns a direct or indirect interest in property in the city; or

(4) an agent, employee, or tenant of a person described by Subdivision (1), (2), or (3).

(b) The governing body of the city shall appoint to serve as voting directors the appropriate number of qualified persons. In appointing voting directors, the governing body shall ensure that the resulting board has city stakeholders serving in at least two-thirds of the voting director positions.

(c) In determining persons to serve as voting directors, the governing body shall consider for appointment:

(1) persons recommended by the board; and

(2) a number of persons recommended by any city stakeholder who makes a recommendation and who owns at least seven acres of land inside the district's boundaries, except that the number of persons recommended for consideration by the city stakeholder may not exceed a total of one person for the first seven acres of land the city stakeholder owns and not more than one additional person for each additional 15 acres the city stakeholder owns.

(d) The governing body is not bound by the recommendations of the board or a city stakeholder and may appoint as a voting director any qualified person.