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HomeMy WebLinkAbout5.a. Exec Sum Election of Officers EXECUTIVE SUMMARY Port Authority Regular Meeting: May 15, 2018 AGENDA ITEM: Election of Chair, Vice Chair and Treasurer AGENDA SECTION: New Business PREPARED BY: Kim Lindquist, Deputy Director AGENDA NO. 5.a. ATTACHMENTS: None APPROVED BY: LJM RECOMMENDED ACTION: Elect a Chairperson, Vice Chairperson, and Treasurer for the Port Authority for the year 2018. BACKGROUND The Bylaws of the Port Authority require the election of the Chairperson, Vice Chairperson, and Treasurer at its annual meeting which is the first meeting in April. After the 2017 elections the Chairperson was Jeff Weisensel; Vice Chairperson was Dan Wolf; and Treasurer was Mark DeBettignies. As Chair Weisensel mentioned at the last meeting, the organizational meeting per the bylaws includes a recap of the financial position of the Port Authority. In speaking with the Finance Director, he suggested providing the Port Authority the appropriate section of the CAFR (Comprehensive Annual Financial Report) which will be available in June. This information will be provided at the next meeting, when the auditors are finished with their work regarding the financials from 2017. RECOMMENDATION Elect a Chairperson, Vice Chairperson, and Treasurer for the Port Authority for the year 2018.