Title
Resolution - A Resolution of the City Council of the City of Mansfield, Texas, Amending the Mansfield Economic Development Corporation Articles of Incorporation to Require All Directors to Reside Within the City or a Mansfield Address and Allowing for Two Additional Board Members
Requested Action
Consider amending the MEDC Articles of Incorporation to increase the number of Board member from 5 to 7 to match the Bylaws and to allow those individuals who may not officially reside within the city limits of Mansfield but that have a Mansfield postal address to serve on the MEDC Board.
Recommendation
Staff recommends amending the Articles of Incorporation to increase the number of Board member from 5 to 7 to match the Bylaws and to allow those individuals who may not officially reside within the city limits of Mansfield but that have a Mansfield postal address to serve on the MEDC Board.
Description/History
There may be individuals who have a vested interest in seeing Mansfield grow and want to play a part in the success of the community but they do not officially reside within the city limits. This change in the Articles of Incorporation would allow those individuals to serve on the MEDC Board. This change was approved by the MEDC Board by a vote of 6 to 0 on October 1, 2019. A copy of the signed Resolution approved by the MEDC Board is attached.
Justification
As the Mansfield area grows there may be people who have a vested interest in seeing the city grow who do not officially reside within the city limits of Mansfield but do have a Mansfield address. This change in the bylaws will allow those people to serve the community and therefore have a positive impact on it's future.
Funding Source
N/A
Prepared By
Richard Nevins, Director Economic Development, 817-728-3652