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 Septembe...
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