HomeMy WebLinkAbout10975RESOLUTION NO. 10975
A RESOLUTION APPROVING AN AMENDMENT TO THE BYLAWS OF NORTH GATEWAY
NUMBER 1 PUBLIC IMPROVEMENT CORPORATION
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO. that:
SECTION 1
The following amendment to the Bylaws of North Gateway Number 1 Public Improvement
Corporation ( "North Gateway Corporation ") is hereby approved:
Sections 2, 3 and 7 of the Bylaws of North Gateway Corporation are
hereby deleted in their entirety and that the following is hereby adopted in lieu
thereof:
Notwithstanding anything in these Bylaws to the contrary, the City Council
of the City of Pueblo shall constitute ex officio the board of directors of the
Corporation. The President of the City Council shall be ex officio the president of
the board, the Vice - President of the City Council shall be ex officio the vice -
president of the board, the City Clerk shall be ex officio the secretary of the board,
and the City Director of Finance shall be ex officio the treasurer of the board. A
quorum of the City Council of Pueblo shall constitute a quorum of the board
SECTION 2
This Resolution shall become effective upon final passage and approval.
APPROVED:
ESID NTof City Council
ATTESTED BY:
CITY CLERK
INTRODUCED April 9, 2007
BY Randy Thurston
Councilperson
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Background Paper for Proposed
RESOLUTION
AGENDA ITEM # I
DATE: April 9, 2007
DEPARTMENT: Law Department
TITLE
A RESOLUTION APPROVING AN AMENDMENT TO THE BYLAWS OF NORTH
GATEWAY NUMBER 1 PUBLIC IMPROVEMENT CORPORATION
ISSUE
Should City Council approve an amendment to the Bylaws of North Gateway
Number 1 Public Improvement Corporation ( "North Gateway Corporation ")?
RECOMMENDATION
Approve the amendment.
BACKGROUND
The initial board of directors of the North Gateway Corporation were the then named
members of the City Council. Four of the initial members are no longer members
of the City Council but may continue to be members of the board of directors. In
order to make current and future members of the City Council then serving
members of the board of directors an amendment to the bylaws of North Gateway
Corporation is required. The amendment will provide that the City Council shall
constitute ex officio the board of directors of North Gateway Corporation.
FINANCIAL IMPACT
None.