5.0. EDSR 01-13-2003 - Laserfiche WebLink

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• RESOLUTION 97 - 95 • RESOLUTION FOR THE CITY OF ELK RIVER A RESOLUTION MODIFYING RESOLUTION NO. 87-63 ESTABLISHING AN ECONOMIC DEVELOPMENT AUTHORITY FOR THE CITY OF ELK RIVER, MINNESOTA 'WHEREAS, Minnesota Statutes 469.090 et seq. (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 expand the Authority from five (5) to seven (7) Commissioners by including, along with the City Council, two (2) residents to serve the Authority at-large; and, • WHEREAS, on November 21, 1994, the City Council adopted Resolution No. 94-122 to change the composition of the seven (7) • member Authority from the five (5) City Councilmembers and two (2) residents to include the Mayor of the City of Elk River, three (3) additional City Councilmembers 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 Mayor makes the appointments of the non elected members of the Authority with the approval of the City Council; and, WHEREAS, the City Council finds that it is in the best interest of the City and its residents to adjust the compensation of the Commissioners. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, Minnesota as follows: 1. Paragraph 2 (c) of City Council Resolution No. 87-63, the enabling resolution for. the Economic Development Authority for the City of Elk River, Minnesota is hereby amended to read as follows: •