Discussion and possible action on any and all matters regarding Resolution No. 2047.  A resolution of the Mayor and City Council of the City of San Luis electing terms for the directors of the San Luis Facility Development Corporation.  (Kay Marion Macuil, City Attorney and Attorney for the Corporation)

The Function of the San Luis Facility Development Corporation:
The city created this non-profit corporation in 2005 under the authority of A.R.S. §10-3201 et seq.  The city created it to finance (issue bonds) and own one or more public projects for economic development in the City of San Luis. The San Luis Facility Development Corporation issued bonds to build and then expand the San Luis Regional Detention and Support Center, and it is the owner of the building. The corporation's board meets at a minimum once a year.  It meets as necessary to decide and vote on matters related to the bonds, the building, or the operations.  Their meetings are open to the public and follow the Open Meeting Law.

Need for Appointments to the Corporate Board:

This item is before the Council to appoint directors to their board because the terms of the directors expire on July 29, 2018.  City Council re-appointed Marco Pinzon in 2015; the board was meeting often in 2016.  After serving the board well, Mr. Pinzon resigned in April 2016 due to his inability at that point to devote the time necessary.  The corporation's bylaws allow the board to fill vacancies and the board appointed Maria Gonzalez to serve out his term.  All current directors have expressed their interest in continuing to serve.

Requirements for Board Members:
-Residency within San Luis
-5 Directors

Current Directors
President                     Jenny Torres
Vice President             John Starkey
Secretary/Treasurer    Olivia Jenkins
Director                        Maria Gonzalez
Director                        Alex Joe Harper

I MOVE TO APPROVE AND ADOPT RESOLUTION NO. 2047.