TO:
Board of Directors of the Manhattan Beach Capital Improvements Corporation
THROUGH:
Talyn Mirzakhanian, Chief Administrative Officer
FROM:
Libby Bretthauer, Chief Financial Officer
SUBJECT:Title
Reorganization of the Capital Improvements Corporation (No Budget Impact) (Financial Officer Bretthauer)
(Estimated Time: 5 Min.)
ELECT A NEW PRESIDENT AND VICE PRESIDENT
Body
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RECOMMENDATION:
Staff recommends that the Board of Directors of the Manhattan Beach Capital Improvements Corporation (CIC) elect a new President and a new Vice President.
FISCAL IMPLICATIONS:
There are no fiscal implications associated with the recommended action.
BACKGROUND:
The Manhattan Beach CIC was formed in 1996 to facilitate issuance of debt for improvements to the water and wastewater system. It has been used since then as the conduit for multiple debt issues including the Police/Fire Facility, Metlox, Marine Sports Fields, Fire Station No. 2, and the 2025 Certificates of Participation for the purchase of 400 Manhattan Beach Boulevard and Public Safety Radio Replacements.
DISCUSSION:
The bylaws of the Corporation state that the President and Vice President of the Corporation must be elected from the members of the City Council. Typically, the current Mayor serves as the President, with the Mayor Pro Tem serving as the Vice President. Appointed positions include the City Manager serving as the CIC's Chief Administrative Officer and the City's Finance Director serving as the CIC's Chief Financial Officer. With the change of Mayor and Mayor Pro Tem on the agenda for the May 19, 2026, City Council meeting, staff recommends that the CIC Board of Directors elect a new President and a new Vice President.
PUBLIC OUTREACH:
After analysis, staff determined that public outreach was not required for this issue.
ENVIRONMENTAL REVIEW:
The City has reviewed the proposed activity for compliance with the California Environmental Qua...
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