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CC - Adoption of a Resolution Amending the Bylaws of the Finance Advisory Committee.
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Meeting Date: January 28, 2019
Contact Person/Dept: Erica McAdoo/Finance Department
Phone Number: (310) 253-5865
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [] Attachments: [X]
Commission Action Required: Yes [] No [X]
Public Notification: (E-Mail) Meetings and Agendas - City Council (01/23/19); (Email) Meetings and Agendas - Fiscal and Budget Issues (01/23/19)
Department Approval: Kambiz Borhani, Assistant Chief Financial Officer (01/23/19)
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RECOMMENDATION
Staff recommends the City Council review and approve the Finance Advisory Committee's recommended amendments to the Finance Advisory Committee (FAC) Bylaws.
BACKGROUND/DISCUSSION
At the October 10, 2018 FAC meeting, members expressed concern with the FAC Bylaws, primarily with regards to the requirements for Business Community Members appointments. Per Section II.A.1. of the Finance Advisory Committee Bylaws, the composition of the FAC shall consist of up to nine (9) members with up to (3) member of Culver City business community appointed as follows:
b. The Business Community Members shall own or be the primary operator of a duly licensed business located within the City limits.
Following the need to reopen the application period for Seat #6 - Business Community Member of the FAC after receiving no qualified applicants at its June 25, 2018 Meeting, the City Council was able to make an appointment on December 10, 2018 following extensive recruitment by the City Clerk's Office and Finance Advisory Committee. This has called to question if the difficulty in recruitment may be attributable to the restrictive nature of the business community seat requirements.
The discussion of Business Community Member appointment requirements...
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