Title
Ordinance 25-73 to fill the vacancy on the Catalyst Campus Business Improvement District's Board of Directors. (2nd Reading and Public Hearing)
(Legislative)
Related Files: N/A
Council District # 3
Presenter:
Allison Stocker, Senior Planner, City Planning Department
Kevin Walker, Planning Director, City Planning Department
Body
Summary:
The Catalyst Campus Business Improvement District ("District") is requesting to fill a vacancy in their board of directors. Due to the original board members being approved by Council through approval of an ordinance (refer to Ordinance 21-75), any future appointments to the board must be completed by ordinance.
Per the second (2nd) amendment to the lease agreement, the following items will be changed:
1. Termination of Lease for Scott Lamphear which will prevent him to continue to serve on the board of directors as his interest in the premises will no longer be valid.
2. Grant of leasehold interest to Kevin O'Neil which will allow him to obtain valid interest in premises to be able to act as a board member.
3. Simplification of tenant change notifications to other leaseholders through the introduction of Exhibit A ("Notification of New Tenant Form") of the Lease Agreement.
No other changes to the District are proposed with this ordinance and the District will continue to function per the District's 2025 Operating Plan and Budget approved by City Council in October of 2024 per Resolution 135-24.
Previous Council Action:
On September 28th, 2021, City Council approved an ordinance (refer to Ordinance 21-75) to allow the formation of the Catalyst Campus Business Improvement District and to appoint an initial board of directors. Since formation, there have been no other actions taken by City Council for this District.
Financial Implications:
N/A
City Council Appointed Board/Commission/Committee Recommendation:
N/A
Recommended Action
Proposed Motions:
Approve Ordinance No. 25-73 to fill the ...
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