Liberty Community Development Corporation

Purpose

The Liberty Community Development Corporation was created by action of the voters in June 1995 and administers the half-cent economic development sales tax collected.  This nonprofit Section 4B Corporation promotes economic development within the City of Liberty by eliminating unemployment and by promoting expanded business enterprises.  The LCDC is empowered through the Development Corporation Act of 1979, which allows cities to use these funds to make drainage and infrastructure improvements to publicly-owned and operated projects. 
 
The Corporation pays funds collected to the City twice a year to service the debt requirements of Certificates of Obligation as issued by the City.  Certificates of Obligation were originally issued to finance the Flood Control Levee Project, which was completed in the mid-1990s, and other related drainage projects.
 
Meetings

The annual meeting of the Liberty Community Development Corporation is held on the second Tuesday of June at 5:00 p.m.  Other meetings are held at the direction of the Board President.
 
Members

The Corporation is governed by a seven-member Board of Directors appointed by the City Council.  The seven members serve staggered two-year terms.  The LCDC Bylaws stipulate that three of the LCDC members shall be individuals who are not employees or officers of the City or members of the City Council.

Members   Appointed   Term Expires 
Dennis Beasley, President    June, 2014     June, 2016 
Mike McCarty, Vice-President   June, 2014    June, 2016 
Gary Broz, Gen. Mgr.     
David Arnold   June, 2014   June, 2017 
Louie Potetz    June, 2014    June, 2016
Mark Campbell     June, 2013    June, 2017
Leslie Herndon   June, 2013    June, 2017
Barbara Norwood       June, 2014   June, 2016