Nov 11, 2013 1:52 PM by Dwayne Fatherree
The board of the Lafayette Public Trust Financing Authority will meet Tuesday afternoon as a five-member group, but may leave the meeting with two extra seats.
The board will consider adding two new trustees, bringing the total number to seven. This is in response to a request from the LCG Council that the board represent a more diverse segment of the population.
In August, Lafayette Parish Councilman Kenneth Boudreaux filed a resolution to remove the current members of the Lafayette Public Trust Finance Authority board because of issues raised in the last LPTFA audit. He also held a press conference criticizing the difference in treatement afforded all-white board as compared to the members of the Lafayette Housing Authority, who City-Parish President Joey Durel fired after poor audits from that group.
"The Lafayette City-Parish Council has dealt with this issue in the past and the end result was the removal of the entire board," Boudreax wrote in August, alluding to the removal of the housing board in 2010.
According to LPTFA Chairman John Arceneaux, the LCG Council will then have to be affirm Tuesday's decision, then it will have to be approved at the State Bond Commission before any changes can be made.
The group's agenda also includes an item to sublet two spaces in the Uptown Lofts development for commercial use. When asked which vendors were interested in the space, Arcenaraux said he could not release the names until Tuesday's meeting.
The LPTFA Board of Trustees will meet Tuesday afternoon at 2 p.m. in the executive conference room on second floor of Lafayette City Hall, 705 W. University Ave.