Discussion and possible action on any and all matters regarding the terms of all Trust Board Members and recommendations for appointments to expiring terms.  ITEM CONTINUED FROM REGULAR BOARD MEETING HELD ON FEBRUARY 13, 2019. (Kay Marion Macuil, City Attorney)

Under Section 3.04 of the Declaration of Trust, Trustees are allowed to serve two consecutive terms and no more.  All Trustees have served since their first action on March 14, 2012, seven (7) years.  The Board of Trustees is not in violation, because if a legislative body does not take action, then the there is tacit approval for the current Trustees to continue to a second term.

Also Under Section 3.04, initial terms are staggered and the second and subsequent terms are for five (5)  years.

One (1) Trustee to serve  one (1) year,  plus five (5) years equals six (6) years - expired March of 2018:
(The new appointment will take the place of this position, so the term will end five (5) years after March 14, 2018, on March 14 of 2023.  At the last meeting, the Trustees directed that a 'numbers person' be sought out. The Executive Advisors have contacted Mr. Gustavo MacGrew, a San Luis insurance Agent with Farmers insurance.  He expressed interest but as of the writing of this Agenda Item, we did not yet confirm commitment to serving.)

Two (2) Trustees to serve two (2) years, plus (5) years equals seven (7) years - expires March of 2019:

Two (2) Trustees to serve three (3) years, plus (5) years equals eight (8) years - expires March of 2020.

This item is for the Trustees to vote on
which two (2) Trustees have the terms ending in next month (this March 2019) and
which two (2) Trustees have the terms ending next year (March 2020). 

At the last meeting, the Trustees directed the Executive Advisors to talk to the Trustees separately out of open session, which was done.  All the Trustees wish to continue serving.  If City Council passes the Amendment to Trust to allow for three (3) consecutive terms, those who are chosen to have the terms expiring tomorrow, may be reappointed for another five (5) years.

In the previous item, the Trustees may vote to allow for 3 consecutive appointments.  This item must also be accepted by City Council.  We still need to know which two (2) Trustees wish to continue to 2024 for a recommendation for reappointment to City Council. 
 

I MOVE THAT TRUSTEES _______________ AND _______________ HAVE THE TERM      WHICH ENDS MARCH 14, 2019 AND RECOMMEND REAPPOINTMENT FOR A THIRD TERM ENDING 2024.