Lake County Economic Development Corporation

“The organization is a colorado not for profit corporation with two classes of membership, voting members and associate members who are entitled to all rights except the privilege of voting.”

“The organization has two classes of memberships divided into a voting membership and an associate membership which is non-voting. The number of directors is not less than seven. A voting membership allows that a voting member may have up to five votes for each voting membership paid. Each member contributing at the donor level may appoint one individual to serve as a director for a term of one year. Additional directors to be elected for three year terms are elected by the voting membership such that the number of these additional directors shall exceed the number of directors appointed at the donor level. Directors need not be residents of the state of colorado or members of the corporation but must be natural persons at least age 18.”

“Voting members have the right to call special meeetings upon a 33% vote of all voting members. Directors may be removed with or without cause by voting members or if a director was appointed by a member such director may be removed by the appointing member. The voting members have the right to dissolve the corporation.”

“Form 990 is emailed to officers and directors for review and approval before efiling return”

“Conflict of interest policy in bylaws are made available to all directors, officers and key employees. Monitoring is performed annually in conjunction with annaual board elections.”

“Governing documents are available upon request at organizations business office. Bylaws are available on organizations website. Articles of incorporation are available on colorado secretary of state website.”