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RESOLUTION I I- 04 <br /> RESOLUTION FOR THE CITY OF ELK RIVER <br /> • A RESOLUTION MODIFYING RESOLUTION NO. 87-63 ESTABLISHING AN <br /> ECONOMIC DEVELOPMENT AUTHORITY FOR THE CITY OF ELK RIVER, <br /> MINNESOTA <br /> WHEREAS, Minnesota Statutes 469.090 et seq. (the Statute) authorizes the City of Elk River (the City) <br /> to establish an Economic Development Authority pursuant to the procedures and subject <br /> to the restrictions set forth therein;and, <br /> WHEREAS, on October 7, 1987,the City Council for the City of Elk River(the City Council) adopted <br /> Resolution No. 87-63 creating the City of Elk River Economic Development Authority <br /> (the Authority);and, <br /> WHEREAS, on February 12, 1990, the City Council adopted Resolution No. 90-5 to expand the <br /> Authority from five (5) to seven (7) Commissioners by including,along with the City <br /> Council,two (2) residents to serve the Authority at-large;and, <br /> WHEREAS, on November 21, 1994,the City Council adopted Resolution No. 94-122 to change the <br /> composition of the Authority from five (5) City Councilmembers and two (2) residents to: <br /> the Mayor of the City of Elk River;three (3) additional City Councilmembers of the City of <br /> Elk River; and three (3) residents of the City of Elk River who are not members of the City <br /> Council; <br /> • WHEREAS, the City Council finds that it is in the best interest of the City and its residents to adjust the <br /> composition of the Authority. <br /> NOW,THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River,Minnesota as <br /> follows: <br /> 1. Paragraph 2 (a) of City Council Resolution No. 87-63,the enabling resolution for the <br /> Economic Development Authority for the City of Elk River,Minnesota is hereby amended to <br /> read as follows: <br /> 2. Commissioners <br /> a.The Commissioners of the Authority shall include; four (4) members of the <br /> City Council and three (3) residents of the City of Elk River who are not <br /> members of the City Council.The Mayor shall make all appointments to the <br /> Authority,with the approval of the City Council. <br /> Passed and adopted by the City Council of the City of Elk 'fir this 3rd -.y of anuary, 2011. <br /> .a <br /> rlii AMP <br /> J• Dietz, Mayo,/ <br /> Tina Allard,City Clerk <br />