HomeMy WebLinkAboutReso 2006-193
RESOLUTION NO. 2006-193
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA MODIFYING THE COMPENSATION FOR
THE BOARD OF DIRECTORS OF THE CHULA VISTA
REDEVELOPMENT CORPORATION AS SET IN CITY
COUNCIL RESOLUTION NO. 2004-383/REDEVELOPMENT
AGENCY RESOLUTION NO. 1900
WHEREAS, on February 3, 2004, the City Council and Redevelopment Agency directed
staff and consultants to prepare an analysis and discussion paper on the creation of a 501(c)3
corporation; and
WHEREAS, on November 23, 2004, the City Council adopted Resolution 2004-383
authorizing the creation of the 5012(c)3, directing staff to prepare the necessary documents,
appropriating a Fiscal Year 2004/2005 operating budget and compensation schedule; and
directing staff to report back with the necessary documents; and
WHEREAS, on November 23, 2004, the City Council adopted Resolution No. 2004-383
establishing a compensation schedule for the 501(c)3 board members at $750 per month, and
$1500 per month for the Board Chair; and
WHEREAS, on May 24, 2005, the City Council adopted the final legal and operating
documents to complete the formation ofthe 501(c)3; and
WHEREAS, included in those documents adopted on May 24, 2005, were the Bylaws for
the 501(c)3, the Chula Vista Redevelopment Corporation (CVRC); and
WHEREAS, the Bylaws ofthe CVRC, set out in Article VII, Section 5 that:
Section 5. Compensation. Directors may receive such
compensation for their services and reimbursement for costs and
expenses incurred in service to the corporation, as may be fixed or
determined by resolution of the City Council of the City Chula
Vista, as may be amended from time to time by the City Council.
WHEREAS, the City Council has reevaluated the amount of compensation for the
directors and would like to consider alternative compensation structures, including a tiered
structure for the Independent and City Directors; and
WHEREAS, the City Council has determined that in the interim the compensation should
be set at $0 effective August 1, 2006.
Resolution No. 2006-193
Page 2
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chula -
Vista does hereby:
1. Modify the compensation schedule pursuant to Article VII, Section 5 of the Bylaws,
for CVRC members from $750 per month to $0, and from $1500 per month for the
Board Chair to $0 effective August 1, 2006.
2. Request the City Attorney to report back regarding the ability to have a tiered
compensation schedule for the Independent Directors and City Directors.
3. Directs the City Attorney to return with the necessary modifications to the Bylaws
and any other operating documents necessary to eliminate the payment of
compensation to the Board of Directors and/or to create the tiered compensation
schedule for the Independent Director and City Director.
Presented by
Approved as to form by
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JOM cC
Deputy Mayor
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Ann Moore "'
City Attorney
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..........,
Resolution No. 2006-193
Page 3
PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 20th day of June 2006 by the following vote:
AYES:
Councilmembers:
Castaneda, Chavez, McCann, Rindone, and Padilla
NAYS:
Councilmembers:
None
ABSENT:
Councilmembers:
None
dLJ~R
'Stephen C. Padilla, Mayor
ATTEST:
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Susan Bigelow, MMC, City Cle
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Susan Bigelow, City Clerk of Chula Vista, California, do hereby certify that the foregoing
Resolution No. 2006-193 was duly passed, approved, and adopted by the City Council at a
regular meeting ofthe Chula Vista City Council held on the 20th day of June 2006.
Executed this 20th day of June 2006.
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