Title
A resolution approving the nomination of Caroline Davis for the position of Executive Director of the Colorado Springs Health Foundation and approving a salary of $115,000 for the position
Body
From:
Jon Medved, Chair, Colorado Springs Health Foundation Board of Trustees
Summary:
The Colorado Springs Health Foundation was created in 2012 to oversee the funds that the City of Colorado Springs will receive from the lease of Memorial Health System. The foundation was charged with stewardship of these funds in perpetuity for healthcare purposes for the citizens of the Pikes Peak Region.
The Colorado Springs Health Foundation Board of Trustees, with the assistance of Front Range Executive Service Corps (FRESC), engaged in a thorough search process for the Foundation's Executive Director position. The search team included trustees Lynette Crow-Iverson and Debbie Chandler and FRESC President Randy Scott.
The Foundation requests City Council's approval of Ms. Davis' nomination Executive Director, as well as the annual salary of $115,000 noted in the attached memo dated February 5, 2015.
Previous Council Action:
City Council approved Resolution 92-12, relating to the formation of the health foundation, on June 27, 2012.
Background:
Section 6 of Resolution 92-12 authorizes the Board of Trustees of the foundation to nominate a full-time administrative executive to oversee the foundation, and requires that any such nomination, as well as any related employment or compensation agreement, must be approved by a vote of seven (7) council members and the Mayor.
Financial Implications:
N/A
Board/Commission Recommendation:
The Board of Trustees of the Colorado Springs Health Foundation recommends approval of the resolution.
Stakeholder Process:
N/A
Alternatives:
Council could choose not to approve the nomination.
Recommended Action
Proposed Motion:
Approve the resolution as presented.
Ordinance Language
N/A