Agenda Item 6B
December 13, 2016
December 9, 2016
H. Drummer, Senior Legislative
Expedited Bill 47-16, Montgomery County Economic Development
Corporation - Board of Directors - Initial Terms - Amendments
Expedited Bill 47-16, Montgomery County Economic Development Corporation - Board
of Directors - Initial Terms - Amendments, sponsored by Lead Sponsor Council President at the
request of the County Executive, was introduced on November 15, 2016. A public hearing was
held on November 29.
Bill 25-15, Economic Development - Reorganization - Montgomery County Economic
Development Corporation, enacted on June 30, 2015 and signed into law on July 7, 2015,
eliminated the Department of Economic Development and authorized the Council to designate a
non-profit corporation as the Montgomery County Economic Development Corporation
(MCEDC). Bill 25-15 also provided that the designated corporation have a Board of Directors
appointed by the Executive, subject to confirmation by the Council, to 3-year terms ofoffice. The
Executive appointed each member of the Board to begin their term on December 30, 2015.
Expedited Bill 47-16 would authorize the Executive to extend the initial terms ofoffice for
each Board member by up to 6 months to coincide with the fiscal year beginning on July 1. This
change would apply only
the Board members first appointed on December 30, 2015, and would
permit each Board member to be considered for a position as an officer when the Board elects
officers at the beginning of a fiscal year.
Both Assistant Chief Administrative Officer Lily Qi, speaking on behalf of the Executive
(©8) and Jacob Sesker, speaking on behalf of the Montgomery County Economic Development
Corporation (©9) supported the Bill.
order to stagger the terms for the MCEDC Board members, Bill 25-15 required the
Executive to initially appoint four members to a I-year term, four members to a 2-year term, and
three members to a 3-year term. Future appointments must all be for a 3-year term. The initial 1