Memphis & Shelby County Center City Revenue Finance Corporation Board Selection Process:
(4) members nominated by City Mayor and approved by City Council.
(4) members nominated by County Mayor and approved by County Commission.
(1) member jointly appointed by both Mayors and approved by City Council and County Commission.
9 Member Board.
Function & Authority:
Authorized to acquire, own, lease and dispose of properties, primarily in the downtown area, in order to maintain and increase employment opportunities promoting industry, trade, commerce, tourism and recreation.
Terms Of Members:
6 Year term.