Title
Consider/Discuss/Act on the Election of Officers
Summary
COUNCIL GOAL: Operational Excellence
MEETING DATE: September 2, 2025
DEPARTMENT: City Secretary Office
CONTACT: Empress Drane, City Secretary
RECOMMENDED CITY COUNCIL ACTION: Elect a President, Vice President, Secretary, and Treasurer of the Corporation.
ITEM SUMMARY:
- In accordance with MPFC Bylaws,
- 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.
- Each officer is elected to a term of two (2) years.
- Officers may be re-elected.
- Officers are subject to removal from office, with or without cause, at any time by a vote of a majority of the Board.
- A vacancy in an officer position shall be filled by a vote of a majority of the Board.
- The most recently elected officers are:
- President – (former member) Charlie Philips, elected 06/03/2023
- Vice President – Geré Feltus, elected 12/19/2023 to fill a vacancy
- Treasurer – Justin Beller, elected 06/03/2023
- Secretary – Geré Feltus, elected 06/03/2023
BACKGROUND INFORMATION:
- The McKinney Public Facility Corporation was formed 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 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
BOARD OR COMMISSION RECOMMENDATION: N/A