Title
Resolution - A Resolution to Consider Amending the Mansfield Park Facilities Development Corporation’s Bylaws to Establish A Policy Regarding Consecutive Years of Service; the Appointment of its President; and to Amend Time for Budget Approval
Requested Action
Approve a Resolution to Amend the Corporation’s Bylaws
Recommendation
Approve Resolution
Description/History
The City Council authorized the City Manager to make changes beginning January 1, 2022 to establish a policy regarding consecutive years of service. Directors may serve up to three consecutive terms for a total of six years unless the change causes an excess of 25% of the board or commission to turn over, then the most senior members in time would terminate and that a term member can reapply after a break from that board or commission that is equal to or no less than twelve months. This change is being made to give others in a growing community an opportunity to serve and to encourage those that have served for multiple, consecutive terms opportunities to serve in different capacities. This change requires an amendment of the Corporation Bylaws and Certificate of Incorporation by the MPFDC Board and City Council.
Two additional changes are also being proposed to the Corporation Bylaws at this time. First, the Board shall appoint a president selected by the City Council each year. Second, under Article V Section 2, an amendment is being proposed related to the schedule for the annual budget adoption. Currently, the Bylaws state that the Board shall adopt a budget at least sixty (60) days prior to commencement of each fiscal year. The proposed amendment changes the timeline to thirty (30) days prior to commencement of each fiscal year to align with the City’s current budget adoption schedule. The proposed amendments were approved at the November 17, 2022 MPFDC board meeting.
Justification
The amendments to the Bylaws will coincide with the direction from City Council.
Funding Source
N/A
Prepared By
Matt Young
Executive Director of Community Services
matt.young@mansfieldtexas.gov
817-728-3397