Consider the reappointment of Macy Forrester, Place 7 to the Watauga Economic Development Corporation.

Staff Report & Agenda Item Details

Each Director must be a resident of the City of Watauga at the time of appointment and maintain that residency during entire tenure on the Board. The authorized number of Directors of this Corporation shall be seven (7). The place numbers for the seven (7) Directors shall be known as Place l, Place 2, Place 3, Place 4. Place 5, Place 6. and Place 7. The Directors shall be appointed by the Watauga City Council and serve at the leasure of the Watauga City Council. A director is appointed to hold office for two (2) year tenns. The tenus of Director Position l, Director Position 3, Director Position 5 and Director Position 7 directors shall expire in August of each odd­numbered year. The tenus of Director Position 2. Director Position 4 and Director Position 6 shall expire in August of each even-numbered year. <br><br>Per Section 501.062 of the Texas Local Government Code, a director of an EDC Board serves for a term of not more than six years but no limits on the number of terms a Director serves unless imposed by the City Council as a local rule.   WEDC Bylaws only allows for two year terms but no limits on the number of terms.  Per Section 505.053 requires the board of directors of a Type B corporation to appoint (1) a president; (2) a secretary; and (3) other officers of the corporation the governing body of the authorizing municipality considers necessary.  Per Section 505.054 states a majority of the entire membership of the board of directors of a Type B corporation is a quorum.  Section 505.052 requires each director of a Type B corporation authorized to be created by a municipality with a population of 20,000 or more must be a resident of the municipality.