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City Council Agenda Request
December 4, 2018
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AGENDA REQUEST NO: XI.C.
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| | AGENDA OF: City Council Meeting |
| | INITIATED BY: Carrie Paxton-Lamke, Community Engagement Manager |
| | PRESENTED BY: Mayor Joe R. Zimmerman |
| | RESPONSIBLE DEPARTMENT: City Manager |
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| | | | | | | | | AGENDA CAPTION: | Consideration of and action on appointing four members to the Sugar Land 4B Corporation for term expiring September 30, 2020.
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| | | | | | | | | RECOMMENDED ACTION: | Appoint one member to Sugar Land 4B Corporation Board of Directors to serve two-year terms expiring September 30, 2020; and reappoint three members for two-year terms expiring September 30, 2020.
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| | | | | | | | | EXECUTIVE SUMMARY: | The Development Corporation Act of 1979, as amended in 1993, added a new Section 4B, authorizing cities to levy upon voter approval, an economic development sales tax for uses which include municipal facilities, parks, museums, stadiums, parking facilities, private and public infrastructure improvements, and other facilities. Pursuant to the Act and voter approval the City established Sugar Land 4B Corporation to administer economic development sales taxes collected.
The purpose of the Corporation is to promote, assist, and enhance economic development activities, and quality of life opportunities within the City that promote economic development. The Corporation is managed by a seven-member Board of Directors authorized to exercise the powers set forth by the Act and the Corporation Bylaws. The board serves at the pleasure of City Council.
The bylaws prescribe that a director be a resident of the City; no director may serve more than three consecutive two-year terms (6 years). By state law, three members of the board must not be city officials or employees.
The Board annually elects from the membership the president and vice-president to serve a one-year term. |
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| BUDGET |
| | EXPENDITURE REQUIRED: N/A |
| | CURRENT BUDGET: N/A |
| | ADDITIONAL FUNDING: N/A |
| | FUNDING SOURCE:N/A |
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