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File #: CIC-4    Version: 1
Type: Consent - Staff Report Status: Agenda Ready
In control: City Council Regular Meeting
On agenda: 3/3/2020 Final action:
Title: Reorganization of the Manhattan Beach Capital Improvements Corporation (Finance Director/CFO Charelian). ELECT A NEW PRESIDENT AND VICE PRESIDENT
TO:
Honorable Mayor and Members of the City Council

THROUGH:
Bruce Moe, City Manager/Chief Administrative Officer

FROM:
Steve S. Charelian, Finance Director/Chief Financial Officer

SUBJECT:Title
Reorganization of the Manhattan Beach Capital Improvements Corporation (Finance Director/CFO Charelian).
ELECT A NEW PRESIDENT AND VICE PRESIDENT
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Recommended Action
RECOMMENDATION:
Staff recommends that the Board of Directors of the Manhattan Beach Capital Improvements Corporation elect a new President and a new Vice President.
Body
FISCAL IMPLICATIONS:
There are no fiscal implications associated with the recommended action.

BACKGROUND:
The Manhattan Beach Capital Improvements Corporation (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 a number of debt issues including the Police/Fire Facility, Metlox improvements, and Marine Avenue Sports Fields.

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 Chief Financial Officer. With the change of Mayor and Mayor Pro Tem on the agenda for the March 3, 2020, 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 Quality Act (CEQA) and has determined that the activity is not a "Project" as defined under Section 15378 of t...

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