STRATEGIC PRIORITY: Transportation & Infrastructure
AGENDA DATE: February 22, 2023
COUNCIL DISTRICT(S): All
DEPARTMENT: Department of Aviation
EXECUTIVE: Kimberly Bizor Tolbert
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SUBJECT
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Consideration of the appointment of Jack Ireland, Chief Financial Officer, Daisy Fast, Director - Strategic Customer Services, and Dawn Blair, Interim Assistant Director - Department of Aviation to the Love Field Airport Modernization Corporation Board of Directors for a two-year term expiring on September 30, 2024, or until the appointment of their successors by the City Council - Financing: No cost consideration to the City
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BACKGROUND
On June 25, 2008, City Council authorized (1) the establishment of a local government corporation, the Love Field Airport Modernization Corporation (LFAMC), for the purpose of financing the Love Field Modernization Program (the LFMP); (2) the LFAMC articles of incorporation and bylaws; and (3) the appointment of the LFAMC’s initial Board of Directors by Resolution No. 08-1876
The LFAMC is a nonstock, nonprofit local government corporation organized and existing under the laws of the State of Texas, including particularly Subchapter D of Chapter 431, Texas Transportation Code (the Act), and is a duly constituted public instrumentality of the City of Dallas, Texas (the City), a political subdivision of the State of Texas, within the meanings of the regulations of the United States Treasury Department and the rulings of the Internal Revenue Service prescribed and promulgated pursuant to section 103 of the Internal Revenue Code of 1986, as amended (the Code), and the LFAMC is functioning and acting solely on behalf of the City.
The Corporation’s past members of the Board of Directors were Errick Thompson (former Director of Building Services), M. Elizabeth Reich (former Chief Financial Officer) and Jing Xiao. Each member serves a two-year term, expiring on September 30th of the year the term expires, or until his or her successor is appointed by the City Council in accordance with Corporation bylaws. The current members’ terms have expired, and all are eligible for reappointment.
Under the bylaws, eligible persons to be appointed as board members must be a City employee, City of Dallas resident and qualified elector of the City.
The City Manager, in accordance with the Corporation’s bylaws, has recommended that the current members each be appointed for new two-year terms.
On November 22, 2019, the Love Field Airport Modernization Corporation (LFAMC) Board of Directors recommended an amendment to the Love Field Airport Modernization Corporation Bylaws, Article III - “Officers”. The amendment: (1) changes the term of office for each officer from one year to two years, and (2) adds a holdover provision to allow each officer to continue to hold office until that officer’s successor is duly appointed by the LFAMC’s Board of Directors.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
On June 25, 2008, City Council approved the LFAMC articles of incorporation and bylaws and the appointment of the LFAMC’s initial Board of Directors by Resolution No. 08-1876.
City Council was briefed by memorandum regarding this matter on April 3, 2020. <https://dallascityhall.com/government/citymanager/Documents/FY19-20_Memos/Upcoming-Agenda-Item-DFW-Airport_Memo_040320.pdf>
On April 8, 2020, City Council authorized (1) the re-appointment of LFAMC Board of Directors to the Love Field Airport Modernization Corporation for a two-year term expiring on September 30, 2024 or until the appointment of their successors by the City Council and (2) authorized the adoption of an amendment to the LFAMC officers to extend the term of office to two years and allow each to serve until that officer’s successor is duly appointed by Resolution No. 20-0544.
FISCAL INFORMATION
No cost consideration to the City.