21 - Amendment to PEDC Bylaws - Laserfiche WebLink

Home Browse Search

I Item No. 21 TO: City Council CC: Grayson Path, City Manager FROM: Maureen Hammond, Executive Director on behalf of the PEDC Board SUBJECT: Request to Amend PEDC Bylaws Regarding Board Member Term Limits BACKGROUND: Under Section 10.04 Amendments to Bylaws, the Bylaws of the organization may be amended at any time, provided that the amendment is affirmed by vote of four (4) or more directors of the PEDC Board and affirmed by vote of five (5) or more members of City Council. The Paris Economic Development Board of Directors met on March 19, 2024, and unanimously approved an amendment to the Bylaws addressing board member term limits. Pursuant to Section 10.04 of the PEDC Bylaws, we are submitting the attached amended Bylaws for consideration and action to the Paris City Council. STATUS OF ISSUE: Our bylaws currently restrict board members to only two consecutive three (3) year terms. The suggested amendment aims to remove this limitation, permitting board members who have served a full term to qualify for additional term(s), even if those terms are served consecutively. PROPOSED AMENDMENT: The sentence from Section 4.05 Tenure of Article !V that reads "The term of office for each Director shall be three (3) years and shall be limited to two (2) consecutive full terms." shall be amended as follows: "The term of office for each Director shall be three (3) years." RATIONALE: Allowing board members an opportunity to apply for subsequent consecutive terms could be beneficial for the following reasons: 1. Continuity and Stability: Allowing experienced board members to continue serving can significantly maintain the continuity and stability of the board's strategic direction and oversight. NNNN=MZZX=SMZMM=1ZMZWM:W=