(a) The initial members of this Authority shall be those municipalities which elect to join in accordance with the provisions of section 3 of this chapter on or before March 7, 1973. The Authority may commence operations when two municipalities have joined as members. On or before March 15, 1973, the Authority shall prepare a budget for the period ending June 30, 1973 and for the fiscal period July 1, 1973 through June 30, 1974, and shall proceed with the adoption of same and assessment as provided in section 7 of this charter. Until such time as the initial members have appointed commissioners as provided herein, the Executive Director of the Chittenden County Regional Planning Commission shall have the authority to initiate the organization of the Authority and to submit preliminary applications for financial assistance; provided, however, that he or she shall have no authority to incur financial obligations on behalf of the Authority.

(b) The membership of municipalities other than the initial members shall require the approval of the Board of Commissioners.

(c) Immediately upon joining the Authority, the municipality shall appoint two commissioners as provided herein. The initial terms of the commissioners of the initial members shall be arranged by the Chittenden County Regional Planning Commission so that the terms of approximately one-third of the commissioners shall expire in each year. The initial terms of commissioners from municipalities joining after March 7, 1973, shall be set by the Board of Commissioners. (Added 1973, No. 122, § 10, eff. Feb. 2, 1973.)