BOARD AGENDA MEMORANDUM
Government Code ? 84308 Applies: Yes ? No ?
(If "YES" Complete Attachment A - Gov. Code ? 84308)
SUBJECT: Title
Consider Candidates for Vacant Director Position on the Santa Clara Valley Water District Public Facilities Financing Corporation.
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RECOMMENDATION: Recommendation
A. Review the candidates from the July 2, 2024, Special Board Meeting;
B. Appoint a candidate as a Director to the Santa Clara Valley Water District Public Facilities Financing Corporation; and
C. Adopt the Resolution FILLING THE VACANCY ON THE PUBLIC FACILITIES FINANCING CORPORATION; or
D. Direct the Clerk of the Board to Schedule Interviews of Candidates.
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SUMMARY:
The Public Facilities Financing Corporation (PFFC) is a nonprofit public benefit corporation whose primary purpose is to provide assistance to the Santa Clara Valley Water District (Valley Water) in financing the acquisition, construction and improvement of public buildings, works and equipment for Valley Water, together with site development, landscaping, utilities, furnishings and appurtenance and related facilities.
The 5-member PFFC board are appointed by the Valley Water Board of Directors and performs any and all duties imposed by law, by the Corporations' Articles of Incorporation (Attachment 1) or Bylaws (Attachment 2), or by resolution of the Board of Directors of Valley Water. PFFC directors meet at such times and places as required to conduct Corporation business, usually from one to three times, annually.
The PFFC Board of Directors currently has one vacancy due to a resignation in December 2024. Prior to this vacancy, on July 2, 2024 at a special board meeting, the board conducted interviews of 4 candidates to fill a vacancy at that time and selected Christian Elias. The other 3 candidates are interested in filling the current vacancy.
The Board may select from the current 3 candidates, direct the Clerk of the Board to schedule interviews with the 3 candidates or...
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