5.1. SR 12-07-1998 - Laserfiche WebLink

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~~SOo~._ON 94-122 RESOLUTION FOR THE CITY OF ELK RIVER A RESOLUTION MODIFYING RESOLUTION NO. 87'63 ESTABLISHING AN~NOMIC DEVELOPMES~ A~ FOR THE CITY OF ELK RIVER, MINNESOTA WHEREAS, Minnesota Statutes 469.090 St sec. (the Statute) authorizes the City of Elk River-~the City) to' establish an Economic Development Authority pursuant to the procedures and subject to the restrictions set'forth therein; and, WHEREAS, on October 7, 1987, the City Council for the City of Elk River (the City Council) adopted Resolution No. 87-63 creating the City of Elk River Economic Development Authority (the AuthoriTy); and, WHEREAS, on February 12, 1990, the City Council adopted Resolution No. 90-5 to ex?and the Authority from five (5) to seven (7) Con~issioners by including two (2) residents to se?ye the Authority at-large; and, WHEREAS, the City Council finds that it is in the best interest of the City and its residents to further broaden the representation on the Authority. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, Minnesota, as follows: Paragraphs 2(a) and 2(b) of City Council Resolution No. 87-63, the enabling resolution for the Economic Development Authority for the City of Elk River, Minnesota, are hereby amended to read as follows: 2. .Cormmi s s loners (a) The Commissioners of the Authority shall '- ] ~ of the Cit of Elk ~hree (3) additional members Of the Citv~. ~ouncil of the City of Elk River, and three~ ~(3) residents of the City of Elk River who are not members of the City Council. The -- M~yor shall make all appointments t6 the Authority, with the approval of the City Council. - (b) The terms of the Commissioners who are members of the City Council shall coincide with their te~-m of office, unless a