(a) The mayor will appoint two (2) members of the governing authority and three (3) residents or owners of property in the district to serve on the municipal management district commission.
(b) Terms of the commissioners will be decided by local ordinance, not to exceed five (5) years.
(c) No commission member shall receive compensation.
(d) The commission may retain legal counsel and staff assistance may be provided by the municipality.
(e) Upon termination of the district, the municipality shall accept maintenance responsibility for the improvements.
(f) The life of the district shall not exceed ten (10) years, at which time all improvements, debts, and charges will be paid in full.