The National Western Center Authority (“Authority”) will be incorporated by the City and County of Denver as a nonprofit corporation to program, operate, and maintain the campus. The actions of the Authority will be guided by 11 voting directors and two non-voting directors who may not be elected officials, officers, or employees of the City.
As outlined in the National Western Center Framework Agreement, the voting directors will include six appointments by the Mayor (confirmed by City Council), two Colorado State University appointees, two Western Stock Show Association appointees, and one Globeville, Elyria, or Swansea resident Mayoral appointee (confirmed by City Council). A second Globeville, Elyria, or Swansea resident will be appointed by the mayor as a non-voting director. The City Chief Financial Officer will also serve as a non-voting director and Treasurer of the Board.
The Authority will:
The Partners will provide initial operating funding up to $1.5 million to the Authority in 2017, consisting of 60% from the City and County of Denver, 20% from Colorado State University, and 20% from the Western Stock Show Association. Subsequent years of funding are anticipated until the Authority is self-sustaining, with the understanding that this is to be achieved as quickly as possible. Repayment of initial operating funds will occur when available.
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