King of Prussia Board of Directors
Meeting Calendar for 2011
All meetings are open to members of the King of Prussia Business Improvement District (KOP-BID). The meetings are located at the BEST WESTERN PLUS, The Inn at King of Prussia at the intersection of South Gulph Road and Dekalb Pike unless noted otherwise. Should you have any questions regarding your membership status or about attending a KOP-BID Board meeting, please contact the KOP-BID office at 484-681-9452.
August 27, 3 pm - EXECUTIVE COMMITTEE MEETING
September 19, 3-5 pm -FULL BOARD OF DIRECTORS
September 19, 5 pm - SPECIAL MEETING OF ALL KOP-BID STAKEHOLDERS *details below
October 18, 3 pm - EXECUTIVE COMMITTEE MEETING
November 15, 3 pm - EXECUTIVE COMMITTEE MEETING
December - Date and Time TBD (Annual Meeting) - FULL BOARD
*Effective August 1, 2011, the Board of Directors voted to amend these sections in order to:
1. Provide for continuity of leadership in the BID's early years and
2. Authorize and Executive Committee to transact regular business of the BID.
The Board of Directors believes that these two revisions to the By-Laws will significantly enhance the way the organization functions during its early years, allowing the momentum that is being developed to be maintained and retaining the institutional knowledge that is a critical part of our initiatives.
In order to adopt these revisions, a Special Meeting has been called for:
Monday, September 19, 2011
5:00 pm
BEST WESTERN PLUS-The Inn at King of Prussia
127 South Gulph Road
King of Prussia, PA 19406
PROPOSED AMENDEMENTS
Amendement to the Bylaws of King of Prussia Business Improvement District, Inc.
Special Meeting to be held September 19, 2011
SECTION 3.02 - TERM OF OFFICE.
Section (b) shall be revised as follows:
b) Initial Terms
1. Voting Directors. After selecting a Chairman pursuant to section 5.01, the Chairman shall, [for the purpose of the three years of operations] divide the voting Directors of the Board (other than Township and three highest assessed property seats) into three classes.
A. Two "class A" voting Directors shall serve for [one] three years.
B. Two "class B" voting Directors shall serve for [two] four years.
C. One "class C" voting Director shall serve for [three] five years.
Classes shall be determined by a random pick of numbers with the two lowest numbers chosen being designated "class A", the next two lowest being designated as "class B" and the highest number being designated as "class C."
The three highest assessed property owner seats established in Section 3.01 shall be randomly picked in the same fashion, so that there is a "class A, B and C" position of each of these three seats.
2. Non-Voting Directors. As to non-voting Directors, the initial terms shall be determined in the same manner as for voting Directors: one "class A" non-voting Director shall serve for [one] three years, one "class B" non-voting Director shall serve for [two] four years and two "class C" non-voting Directors shall have a term of [three] five years. If there are more than four non-voting Directors, their initial terms shall be chosen in the same manner starting with one more additional Class A non-voting Director, one more additional Class B non-voting Director, two more class C non-voting Directors, and so on.
SECTION 4.01 - COMMITTEES GENERALLY
A new sentence shall be added to the end of Section 4.01 to read:
Notwithstanding the preceding, if the Board of Directors creates and executive committee it shall consist of such Officers of the Corporation and other individuals as determined by the Board from time to time and shall not otherwise be subject to the membership terms of this Section 4.01.
**Coding:
[ ] blue = removed from document.
red = added to document.
