EDA Enabling resolution and amendments

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MEETING OF THE ECONOMIC DEVELOPMENT AUTHORITY (EDA) HELD AT THE ELK RIVER CITY HALL MONDAY, AUGUST 22, 1988 Members Present: Estelle Gunkel, Harold Dobel, Jim Tralle, Gene Schuldt, and Roger Holmgren Members Absent: None Also Present: Pat Klaers, City Administrator; Lori Johnson, Finance Director; Dick Fursman, Economic Development Coordinator; Mike Mulrooney, Economic Development Consultant; Dave Sellergren, City and EDA Attorney 1. Pursuant to due call and notice thereof, the meeting of the Economic Development Authority was called to order by President Gunkel at 8:07 p.m. 2. Consider EDA Agenda Item 7.1 - Economic Development Consultant retainer fee was added to the agenda. HAROLD DOBEL MOVED TO APPROVE THE EDA AGENDA AS AMENDED. COUNCILMEMBER HOLMGREN SECONDED THE MOTION. THE MOTION CARRIED 5-0. (� 3. Review and Adopt EDA Bylaws The revised bylaws of the EDA were presented to the EDA for their review. President Gunkel discussed the fact that certain elements were missing from the bylaws. These elements of the bylaws pertained to the Minnesota State Statutes. She indicated it would be helpful to have them included, or on hand, so as to have the information accessible when necessary. EDA Attorney, Dave Sellergren, indicated an option, other than looking up the State Statute, would be to include the Statutes with the bylaws in book form. These changes were recorded by the Economic Development Coordinator for accurate revision of the bylaws. The EDA discussed the revised bylaws at this time and several changes were made by the EDA. ROGER HOLMGREN MOVED TO ADOPT THE EDA BYLAWS AS AMENDED. JIM TRALLE SECONDED THE MOTION. THE MOTION CARRIED 5-0. ROGER HOLMGREN MOVED TO DIRECT THE CITY ATTORNEY TO PREPARE RESOLUTION 88- 1, AUTHORIZING THE PRESIDENT AND TREASURER TO SIGN CHECKS ON BEHALF OF THE EDA. HAROLD DOBEL SECONDED THE MOTION. THE MOTION CARRIED 5-0. 4. Consideration of the 1989 EDA Budget ROGER HOLMGREN MOVED TO APPROVE THE BANK OF ELK RIVER AS A DEPOSITARY FOR 410 THE EDA. GENE SCHULDT SECONDED THE MOTION. THE MOTION CARRIED 5-0.