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Ordinance No. 2012.47, establishing the Risk Management Trust Board, became effective on November 17, 2012. The Ordinance states that the Board is a five-member board and that at the time of initial appointment, the City Council shall designate the length of terms to provide for staggered terms.

The City Code states that the Trust shall be administered by five (5) joint members who shall serve in an advisory capacity at the sole pleasure of the City Council. The City Council shall appoint five (5) members, of whom no more than one may be a member of the City Council and no more than one may be an employee of the City. A majority of the members shall constitute a quorum for the purpose of conducting business of the board. At the time of initial appointment, the City Council shall designate the length of terms to provide for staggered terms. The resignation, incompetency, death or termination of any or all of the members shall not terminate the Trust Fund or affect its continuity. During a vacancy, the remaining members may exercise the power of the members hereunder. Vacancies among the members shall be filled by appointment by the City Council for the remainder of the vacant term. (City Code, Chapter 2, Article VII, Division 1)

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