{"id":23960,"date":"2018-01-26T13:45:47","date_gmt":"2018-01-26T18:45:47","guid":{"rendered":"http:\/\/www.wrfalp.com\/?p=23960"},"modified":"2023-02-09T17:08:35","modified_gmt":"2023-02-09T22:08:35","slug":"new-jldc-bylaws-shift-consolidate-board-appointment-power-to-mayor","status":"publish","type":"post","link":"https:\/\/www.wrfalp.com\/new-jldc-bylaws-shift-consolidate-board-appointment-power-to-mayor\/","title":{"rendered":"New JLDC Bylaws Shift, Consolidate Board Appointment Power to Mayor"},"content":{"rendered":"

\"\"<\/a>UPDATE: Liuzzo Criticizes, Dolce Clarifies Process for Changing JLDC Bylaws\u00a0<\/a>[Jan. 30, 2018]<\/a><\/strong><\/p>\n

JAMESTOWN (Jan. 26, 2018) – The mayor of Jamestown now has more power when it comes to making appointments to the Jamestown Local Development Corporation’s<\/strong> (JLDC) board of directors.<\/p>\n

The JLDC was established in 1981 to serve as the not-for-profit lending agency of the city, in order to provide low interest loans to help spur economic development. The JLDC was originally set up to include a board of directors, that would authorize loans while also providing oversight of the organization. As part of its establishment, the JLDC was required to follow a set of bylaws<\/a> to serve as a guide for governance and regulation of its affairs.<\/span><\/p>\n

In 2016 and 2017 the Jamestown City Council<\/strong> approved three separate resolutions related to updating the JLDC bylaws. Action was taken during the June 2016 council voting session<\/a>, the April 2017 council voting session<\/a>, and the August 2017 council voting session<\/a>. In all three instances the council voted unanimously in support of the resolutions.<\/p>\n