COUNTY OF ALBEMARLE

 

EXECUTIVE SUMMARY

 

 

AGENDA TITLE:

Amended Economic Development Authority Bylaws and Rules and Procedures

 

SUBJECT/PROPOSAL/REQUEST: 

Approval of Amended Economic Development Authority Bylaws and Rules and Procedures

 

STAFF CONTACT(S):

Messrs. Tucker and Davis; and Ms. Jordan

 

LEGAL REVIEW:   Yes

 

AGENDA DATE: 

September 2, 2009

 

ACTION:                 INFORMATION:   

 

CONSENT AGENDA:

  ACTION:  X            INFORMATION:   

 

 

ATTACHMENTS:   Yes

 

 

REVIEWED BY:

 

 

 

BACKGROUND:

On June 4, 2008, the Board adopted an ordinance to change the name of the Industrial Development Authority of Albemarle County, Virginia to the Economic Development Authority of Albemarle County, Virginia (“the EDA”).  The EDA Chairman, John Lowry, sent a letter to the Board on August 4, 2009 stating that the EDA and Jim Bowling, its attorney, desire to revise the EDA By laws and Rules and Regulations to reflect the name change (See Attachment A).  Any revisions or changes to the By laws and the Rules and Regulations require the approval of the Board pursuant to County Code § 2-605, which reads “All by-laws, standards and priorities of the economic development authority of the county shall be approved by the board of supervisors prior to their adoption by the economic development authority.   Any revisions or changes of such by-laws, standards and priorities shall require the prior approval of the board of supervisors.” 

 

 

STRATEGIC PLAN:

Goal 1:  Enhance the Quality of Life for all Albemarle County Residents

 

 

DISCUSSION:

The current EDA By laws and Rules and Regulations were adopted in 1976 and have never been revised.  In addition to reflecting the EDA’s name change, the proposed Amended By laws (Attachment B) and Rules and Regulations (Attachment C) 1) update the Virginia Code reference from Title 15.1 to Title 15.2;  2) change the title of the Assistant Treasurer to Assistant Secretary-Treasurer, 3) designate the Assistant Secretary-Treasurer to sign the approved minutes; 4) designate the Clerk of the Board of Supervisors to serve as Assistant Secretary-Treasurer; and 5) change the annual meeting day of the EDA Board of Directors to the first EDA meeting of the calendar year to be held no later than June 30 of the year.   These revisions are to formalize the current practice of the EDA Board.

 

 

BUDGET IMPACT:

None

 

 

RECOMMENDATIONS:

Staff recommends that the Board approve the attached Amended EDA By laws and Rules and Regulations.

 

 

ATTACHMENTS:

A – August 4, 2009 letter from John Lowry, EDA Chairman

B – Amended By laws

C – Amended Rules and Procedures

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