Item Coversheet

Agenda Item - 2.a.


City of Garden Grove


INTER-DEPARTMENT MEMORANDUM

To:Scott C. Stiles

From:Teresa Pomeroy
Dept.:Executive Director 

Dept.: Secretary 
Subject:

Adoption of a Resolution increasing the number of board members to seven.  (Action Item)

Date:10/13/2020
OBJECTIVE

For the Garden Grove Public Financing Authority Board to adopt the attached Resolution increasing the Board membership reflective of the elected seats on the City Council.
BACKGROUND

The Garden Grove Public Financing Authority was established June 22, 1993, with the number of members to equal the number of elected City Council Members, which at the time were five.  The members of the City Council serve as the Board of Directors of the Authority.  With the increased number of City Council Members due to the transition to district elections in 2016, the number of Board members must be increased to seven.
DISCUSSION

The attached Resolution increases the membership of the Garden Grove Public Financing Authority to seven as the members of the City Council continue to serve as the Authority's Board of Directors.
FINANCIAL IMPACT

None.
RECOMMENDATION

It is recommended that the Public Financing Authority Board:

 

  • Adopt the attached Resolution increasing the membership of the Garden Grove Public Financing Authority.



ATTACHMENTS:
DescriptionUpload DateTypeFile Name
Resolution10/6/2020ResolutionGARDEN_GROVE_PUBLIC_FINANCING_AUTHORITY_RESOLUTION_INCREASING_BOARD_TO_7_MEMBERS.docx