Class A: Owners of record of assessed real commercial property in the district described in the Downtown Troy Business Improvement District Plan (the "Plan") for the Central Business District (the "District") of the City of Troy as the same may be amended, as approved by the City Council of the City of Troy, or such other persons as are registered with the City of Troy to receive real property tax bills for property located in the District, shall be Class A members of the Corporation, and shall be allocated one Class A vote for each separate and individually assessed parcel of real property owned.
Class B: Tenants who are occupants within the District pursuant to leases of commercial space in which they have no ownership interests shall be Class B members of the Corporation. Each separate leasehold shall be allocated one Class B vote.
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