(a) The Riverfront Development Corporation is created by 70 Del. Laws, c. 210.

(b) The Riverfront Development Corporation’s purpose is to promote the common good of the citizens of this State through the planning, development, and management of programs and projects intended to foster, encourage, and promote recreational, residential, commercial, and industrial development and redevelopment along or in proximity to the Brandywine and Christina Rivers, as recommended in the report of the Governor’s Task Force on the Future of the Brandywine and Christina Rivers, “A Vision for the Rivers” (1994).

81 Del. Laws, c. 448, § 1; 

(a) The Board of Directors (“Board”) of the Riverfront Development Corporation consists of 21 directors, as follows:

(1) The following 8 directors who serve by virtue of their position:

a. The Governor, or a designee appointed by the Governor.

b. The President Pro Tempore of the Senate, or a designee appointed by the Pro Tempore.

c. The Speaker of the House of Representatives, or a designee appointed by the Speaker.

d. The Senate Co-Chair of the Joint Legislative Committee on Capital Improvement, or a designee appointed by the Senate Co-Chair.

e. The House of Representatives Co-Chair of the Joint Legislative Committee on Capital Improvement, or a designee appointed by the House of Representatives Co-Chair.

f. The New Castle County Executive.

g. The Mayor of the City of Wilmington.

h. The President of the City of Wilmington Council.

(2) Eight directors appointed by the Governor. The directors appointed by the Governor must have experience in economic development. The Governor shall appoint 1 of the directors appointed by the Governor to serve as Chair of the Board.

(3) One director appointed by the President Pro Tempore of the Senate.

(4) One director appointed by the Speaker of the House of Representatives.

(5) One director appointed by the Mayor of the City of Wilmington. The director appointed by the Mayor must be selected from among private citizens who are active in the nonprofit community or residential organizations in the City of Wilmington.

(6) Two directors elected by a majority of the Board.

(b) An appointed director of the Board serves at the pleasure of the appointing authority.

(c) All of the following apply to directors elected by the Board under paragraph (a)(6) of this section:

(1) A director who has served for a full term of 4 years may be reelected for only 1 additional term.

(2) A director who misses 3 consecutive meetings may be assumed to have resigned. The Board may accept a resignation and elect a new director.

(3) A director may be removed by the Board for misfeasance, nonfeasance, or malfeasance.

(d) If the Board establishes a community advisory board, the director appointed by the Mayor of the City of Wilmington must be the chair of the community advisory board.

(e) A majority of the Board constitutes a quorum.

81 Del. Laws, c. 448, § 1;