Rotorua district councillors have set board remuneration levels for the new Rotorua economic development board, applications for which close tomorrow.
Members of the Economic & Regulatory Services Committee have this week adopted a formal statement of intent for the council-controlled organisation, set up to drive the council's economic growth strategy.
Included in this is the constitution and operational parameters for the organisation and its directors.
Board remuneration levels were set at $20,000 for the chairman and $10,000 for other six directors, aligning with directors' fees for comparable boards elsewhere in the country.
Rotorua Mayor Kevin Winters is asking business leaders to commit to Rotorua's economic future by making themselves available for these roles by the deadline tomorrow. "This is a bold and innovative partnership with the private sector and it signals our clear intention to do everything in our power to achieve long term economic development and growth, and to ensure a strong sustainable future for Rotorua."
