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5.2) Existing Projects -The Authority shall have no control nor authority over any existing <br />economic development or redevelopment project in the City unless specifically so <br />resolution of the City Council. If theCity Council adopts a resolution transferring control, authority <br />and operation of any existing project to the Authority, the Authaccept control, authority, <br />and operation of the project. When taking control of an existing <br />all for the powers that the governmental unit established in the proj <br />the project and shall covenant and pledge to perform the terms, conditions, and covenants <br />bond indentures or other agreements executed with respect to the <br />5.3) Advisory Committees - The Authority shall maintain, at their discretion, volunteer <br />advisory committees which will act in an advisory capacity to the Authority. <br />(01)The advisory committees will include without limitation: <br />(a) A finance committee; <br />(b) A marketing committee; <br /> <br />(c) A prospecting committee; <br /> <br />(d) A research and development committee; <br /> <br />(e) A beautification committee <br /> <br />(02) All members of the advisory committees will be appointed by the <br />(03) The responsibility of the advisory committees shall be to advisee Authority and to <br />work with the executive director of the Authority and the economic development coordinator of the <br />City on assignments if needed. <br /> <br /> <br />th <br />Adopted this 19day of December, 2016 <br />_______________________________________ <br />Dan Tveite, President <br />_______________________________________ <br />Jennifer Wagner, Vice President <br />_______________________________________ <br />Matt Westgaard, Treasurer <br /> <br /> <br />_______________________________________ <br />Barb Burandt, Secretary <br /> <br />