Title
Consider/Discuss/Act on the Election of a Vice President for the McKinney Public Facility Corporation
Summary
COUNCIL GOAL: Operational Excellence
MEETING DATE: December 19, 2023
DEPARTMENT: City Secretary Office
CONTACT: Empress Drane, City Secretary
Tenitrus Bethel, Deputy City Secretary
RECOMMENDED CITY COUNCIL ACTION: Elect a Vice President of the Corporation, for a term effective this date until the next election in June 2025.
ITEM SUMMARY:
• In accordance with MPFC Bylaws,
o The officers of the Corporation shall be a President, a Vice President, a Secretary, and a Treasurer, and such other officers as the Board may from time to time elect or appoint.
o Terms of office shall not exceed two (2) years, provided that an officer may be re-elected to such position by the Board of Directors.
o All officers must be a member of the Board.
• The current MPFC Directors and Elected Officers are
o President Charlie Philips, City Council At Large #1
o (former) Vice President Rainey Rogers, (former) City Council District 2
o Treasurer Justin Beller, City Council District 1
o Secretary Geré Feltus, City Council District 3
o Director George Fuller, City Mayor
o Director Rick Franklin City Council District 4
o Director Patrick Cloutier, City Council District 2
o Director Michel Jones, City Council At Large #2
BACKGROUND INFORMATION:
• The MPFC was formed by the McKinney City Council on June 21, 2022, for the purpose of financing, refinancing, or providing the costs of public facilities.
• The MPFC Articles of Incorporation and Bylaws were approved on June 21, 2022, under City Council Resolution No. 2022-06-085(R).
• The MPFC shall endeavor to have at least two directors with financial experience and at least one director with real estate law experience.
FINANCIAL SUMMARY: N/A