HomeMy WebLinkAbout14-370 Reorganization of PFA to Select Chair & Vice ChairREPORT TO PUBLIC FINANCING AUTHORITY
TO: HONORABLE CHAIRMAN
AND MEMBERS OF THE PUBLIC FINANCING AUTHORITY
FROM: GRANT YATES, EXECUTIVE DIRECTOR
DATE: DECEMBER 9, 2014
SUBJECT: ANNUAL REORGANIZATION OF THE PUBLIC FINANCING AUTHORITY TO
SELECT THE CHAIR AND VICE -CHAIR
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It is recommended that the Public Financing Authority yield the chair to the Authority Clerk to
open the nomination process for the office of Chair, receive nominations, close the
nominations and conduct a roll call vote; then the newly selected Chair will assume the chair
and open the nomination process for the office of Vice- Chair, receive nominations, close the
nominations and conduct a roll call vote.
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City Council Policy No. 200 -4 provides direction regarding the selection of the Mayor and
Mayor Pro Tem for the City Council. The Chair and Vice -Chair of the PFA are also selected
annually by the Authority to serve a one -year term. The selection of the Chair and Vice -Chair
is to occur during the first regular meeting in December each year.
DISCUSSION
The procedural format for the selection of the Chair and Vice -Chair is for the current Chair to
yield the chair to the Authority Clerk who will open the floor to nominations. Upon closing the
nominations and taking a roll call vote, the Authority Clerk will declare the Authority Member
selected to serve as Chair by majority vote. The newly selected Chair will assume the chair
and will preside over the selection of a Vice - Chair.
FISCAL IMPACT
There is no fiscal impact to the Authority.
Prepared by: Virginia J. Bloom, Authority Clerk
Approved by: Grant Yates, Executive Director