E. The board of directors of a district established under subsection A of this section in a county with a population of one million five hundred thousand persons or more shall consist of the following persons:

1. 1. Two members who are appointed by the mayor of the municipality in which a major league baseball facility that is owned by the district and that is operated by the district or the professional baseball franchise organization that occupies the major league baseball facility is located.
2. 2. One member who is appointed by the chairperson of the board of supervisors of the county in which a major league baseball facility that is owned by the district and that is operated by the district or the professional baseball franchise organization that occupies the major league baseball facility is located.
3. 3. One ex officio member without the power to vote who represents the professional baseball franchise organization that occupies the major league baseball facility that is owned and that is operated by the district or the professional baseball franchise organization that occupies the major league baseball facility and who is appointed by the governor.
4. 4. Four members who are residents of the county in which a major league baseball facility that is owned by the district and that is operated by the district or the professional baseball franchise organization that occupies the major league baseball facility is located and who have experience in construction, redevelopment, architecture, economic development or commercial or public finance, two of whom are appointed by the governor, one of whom is appointed by the president of the senate and one of whom is appointed by the minority leader of the senate.
5. 5. Two members who own businesses located within three miles of the major league baseball facility that is owned by the district and that is operated by the district or the professional baseball franchise organization that occupies the major league baseball facility, one of whom is appointed by the speaker of the house of representatives and one of whom is appointed by the minority leader of the house of representatives.

G. The board of directors of a district established under subsection B of this section shall consist of persons who are residents of the county in which the district is located, at least four of whom must reside in the municipality in which the district is located and who are appointed as follows:

1. 1. Five members who are appointed by the governor, each of whom must have experience in commercial real estate, construction, redevelopment, real estate law, architecture, economic development or commercial or public finance. The governor may receive nominations for appointment from any interested organization or person. Members appointed by the governor serve at the pleasure of the governor.
2. 2. Two members who are appointed by the president of the senate. The members appointed by the president serve at the pleasure of the president.
3. 3. Two members who are appointed by the speaker of the house of representatives. The members appointed by the speaker serve at the pleasure of the speaker.

L. Notwithstanding any other law, on the termination of a district established under subsection B of this section, the board of directors shall dispose of the district's real property and improvements as follows:

1. 1. If the district leases property to a single lessee, the lessee has the first right to acquire title to the property at its appraised value. The board shall transmit all proceeds from the transaction to the state treasurer for deposit in the public safety personnel retirement fund established pursuant to title 38, chapter 5, article 4 for the purpose of paying the unfunded accrued liability under the public safety personnel retirement system.
2. 2. If the district leases property to multiple lessees, each lessee has the right to offer a bid to purchase the entire property at fair market value, and the board shall accept the bid that will transfer and terminate the district's title to the property. The board shall transmit all proceeds from the transaction to the state treasurer for deposit in the public safety personnel retirement fund established pursuant to title 38, chapter 5, article 4 for the purpose of paying the unfunded accrued liability under the public safety personnel retirement system.
3. 3. If the property is not conveyed pursuant to paragraph 1 or 2 of this subsection within six months after the board of directors offers it for disposal, but not later than the termination of the district, whichever occurs first, the property escheats to the state land trust for the benefit of the permanent state school fund pursuant to article XI, section 8, Constitution of Arizona, and section 37-521.