They will also confidentially discuss updates on changes to the Resource Management Act.
A council spokesperson said the board's makeup would be discussed in confidence "to enable free and frank discussion and protect the reputation of the individuals involved".
"The information will be made public at the appropriate time. This is the normal process undertaken for such appointments - an example is the appointment of members on to the boards of council-controlled organisations."
According to an agenda report, the title to the Hamurana Springs Recreation Reserve - approximately 47ha - was transferred to Ngati Rangiwewehi as part of its Treaty settlement with the Crown, but this did not cover a small portion - 0.2ha - of land under a water supply easement.
The council plans to hand back the rest of the reserve, and says that will not affect the water supply.
It has a resource consent to take from the spring until 2026.
If councillors agree, the proposal will go out for public consultation due to the land's status as a recreation reserve.
Strategy, policy and finance committee meeting:
* 9.30am in the Rotorua Lakes Council chamber
* Hamurana Springs land transfer
* Petition against a proposed children's health hub and library facility
* New event business case - confidential
* Te Tatau o Te Arawa Board members nominations - confidential