HomeMy WebLinkAboutPFA Item No. 2 Reorganization of PFACITY OF
LAKE
L MORE
DREAM EXTREME
REPORT TO THE PUBLIC FINANCE AUTHORITY
TO
FROM:
DATE:
HONORABLE CHAIRMAN
AND MEMBERS OF THE PUBLIC FINANCE AUTHORITY
ROBERT A. BRADY
EXECUTIVE DIRECTOR
DECEMBER 14, 2010
SUBJECT: RE-ORGANIZATION OF THE PUBLIC FINANCE AUTHORITY OF THE
CITY OF LAKE ELSINORE
Discussion
Annually, the Public Finance Authority (PFA) selects a Chair and a Vice-Chair.
Recommendation
(1) Selection of Chair:
1. The current Chair opens the nomination for the position of PFA Chair.
2. Receive second
3. Roll call vote is taken by the Authority Secretary
If a majority vote is not reached, then the nomination for the position of Chair is
reopened until a majority vote is reached
(2) The new PFA Chair then presides over the remainder of the meeting:
1. Opens the nomination for the position of PFA Vice-Chair.
2. Receive second
3. Roll call vote is taken by the Authority Secretary
If a majority vote is not reached, then the nomination for the position of
Vice-Chair is reopened until a majority vote is reached
Prepared by: Carol Cowley
Interim Authority Secretary
Approved by: Robert A. Brady
Executive Directo AGENDA ITEM NO. 2
Page 1 of 1