Our BoardEstablishment: The Economic Development Corporation was established as the Benbrook Industrial Development Authority by the City Council in 1980. The Authority was converted to a 4B Corporation in 1995. Purpose: To plan and fund projects that promote economic development within the City, using financial resources including the half-cent sales tax for economic development. Duties: To prepare an economic development plan for approval by the City Council.
To prepare an annual budget of projected revenues and expenditures for approval by the City Council.
To fund projects that promote economic development, such as infrastructure improvements that would attract or retain business or would improve business areas.
To prepare an annual progress and financial report for City Council.
Any other duties assigned to the Corporation by the City Council. Powers: To make bylaws and policies for itself subject to City Council approval.
To fund projects in accordance with the approved plan, budget and State law. The Board may retain its own staff and offices. Board of Directors: Seven (7) appointed by City Council. Qualifications include being a registered voter and a resident of the City. Terms: Two years; Places 1, 3, 5, and 7 shall be appointed in odd numbered years, and Places 2, 4, and 6 shall be appointed in even numbered years. Meetings: Once a month or as required. Quorum: A majority of all members shall constitute a quorum. Officers: The Board shall elect annually a President, Vice-President and Secretary from its members. Current Board:
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