BOARD AGENDA MEMORANDUM
SUBJECT:Title
Vacancy on the Santa Clara Valley Water District Public Facilities Financing Corporation Board of Directors Resulting from the Resignation of David Vanni; adopt a Resolution of Appreciation for Mr. Vanni; and Appointment of Replacement.
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RECOMMENDATION:Recommendation
A. Accept Resignation of Public Facilities Financing Corporation Director David Vanni;
B. Adopt the Resolution EXPRESSING APPRECIATION TO DAVID VANNI;
C. Discuss the Public Facilities Financing Corporation Board of Directors vacancy and provide direction to the Clerk of the Board as to how the Board wishes to fill the vacancy; or
D. Adopt a Resolution FILLING THE VACANCY ON THE PUBLIC FACILITIES FINANCING CORPORATION BOARD OF DIRECTORS.
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SUMMARY:
The Santa Clara Valley Water District Public Facilities Financing Corporation (PFFC) is a nonprofit public benefit corporation organized under the Nonprofit Public Benefit Corporation Law of the State of California to provide assistance to the District in financing the acquisition, construction, and improvement of public buildings, works, and equipment for the District, together with site development, landscaping, utilities, furnishings, and appurtenant and related facilities.
On May 31, 2022, Mr. David Vanni, PFFC Director, notified the Clerk of the Board by email (Attachment 1) of his resignation from the PFFC Board effective June 30, 2022, after serving 28 years on the Board of Directors. A Resolution of Appreciation is attached for your consideration (Attachment 2).
In accordance with the PFFC Articles of Incorporation and By-Laws (Attachment 3), the Board of Directors of the PFFC consists of five members appointed by the District’s Board of Directors. PFFC Board members hold office until death, resignation, or removal. The District’s Board of Directors last filled a PFFC Board vacancy in October 2018.
Recruitment Options
Following are options the District Board may wish to consider in filing the PFFC Board vacancy:
• When the District Board last conducted interviews in October of 2018 there were four candidates. One option could be to request the Clerk of the Board contact the candidates who was previously interviewed, but not selected, and determine their current interest in serving on the PFFC Board; and if they still interested, schedule a time for a District Board interviews.
• Another option could be to request the Clerk of the Board advertise the PFFC Board vacancy to solicit Letters of Interest, determine an application deadline, and schedule a time for District Board interviews.
• A final alternative option could be to adopt a resolution (Attachment 4 - sample resolution of appointment) making an appointment to the PFFC Board filling the current vacancy.
ENVIRONMENTAL JUSTICE IMPACT:
There are no Environmental Justice impacts associated with this item.
FINANCIAL IMPACT:
If the Board chooses to solicit Letters of Interest, funds to advertise the vacancy will be paid from the Clerk of the Board Fiscal Year 2023 budget.
CEQA:
The recommended action does not constitute a project under CEQA because it does not have the potential for resulting in direct or reasonably foreseeable indirect physical change in the environment.
ATTACHMENTS:
Attachment 1: Resignation - Vanni
Attachment 2: Resolution of Appreciation
Attachment 3: PFFC Articles of Incorporation & By-Laws
Attachment 4: Sample Appointment Resolution
*Handout 4.1-A: Memo from Staff
UNCLASSIFIED MANAGER:Manager
Michele King, 408-630-2711