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5.0. EDSR 01-13-2003
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5.0. EDSR 01-13-2003
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2/11/2016 3:22:01 PM
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City Government
type
EDSR
date
1/13/2003
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Aft <br /> BYLAWS <br /> OF <br /> j <br /> THE ECONOMIC DEVELOPMENT AUTHORITY <br /> FOR THE CITY OF ELK RIVER, MINNESOTA <br /> PREAMBLE <br /> The Economic Development Authority for the City of Elk <br /> River (the Authority) was created by Resolution No. 87-63 of <br /> the City Council of the City of Elk River, adopted on the 7th <br /> day of October, 1987 , as authorized by Minnesota Statutes, <br /> Sections 469 . 090-469. 108 . The purpose of the Authority is to <br /> serve as an Economic Development Authority pursuant to <br /> Minnesota Statutes and its affairs shall include, but not be <br /> limited to, promoting commercial and industrial growth and <br /> development in the City of Elk River. <br /> ARTICLE 1 . <br /> AUTHORITY <br /> 1 . 1 ) Name - The legal name of the Authority is "The <br /> Economic Development Authority for the City of Elk River. " <br /> !II <br /> „pyl <br /> 1 . 2 ) Office - The Principal office of the Authority shall <br /> be the City Offices of the City of Elk River, unless otherwise <br /> determined by resolution of the Authority. <br /> 1 . 3 ) Enablinc Authority - The Authority shall exist and <br /> operate under the supervision of the City of Elk River, <br /> Minnesota .(the City) , in accordance with Minnesota Statutes <br /> Sections 469 . 090 through 469. 108 as amended and revised (the <br /> Statute) and Resolution. No. 87-63 of the City- Council of the <br /> City of Elk River (the Enabling Resolution) , as amended from <br /> time to time . <br /> 1 . 4 ) General Powers and Duties - The Authority shall be a <br /> Public body corporate and politic and shall have all the powers <br /> necessary or convenient to carry out the purposes of an <br /> economic development authority, including the powers granted by <br /> the Statute . <br /> ARTICLE 2 . <br /> MEETINGS <br /> 2 . 1 ) Open to the "Public - All meetings of the Authority <br /> • shall be open to the Public and governed by the Minnesota Open <br /> Meeting Law, Minn . Stat . Section 471 . 705 . <br /> •. 2 . 2 ) Quorum - .A majority of the Commissioners it office at <br /> any time shall constitute a quorum for all purposes . There <br />
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