6.2 EDSR 05-15-2017 - Laserfiche WebLink

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5.2) Existing Projects -The Authority shall have no control nor authority over any existing economic development or redevelopment project in the City unless specifically so resolution of the City Council. If theCity Council adopts a resolution transferring control, authority and operation of any existing project to the Authority, the Authaccept control, authority, and operation of the project. When taking control of an existing all for the powers that the governmental unit established in the proj the project and shall covenant and pledge to perform the terms, conditions, and covenants bond indentures or other agreements executed with respect to the 5.3) Advisory Committees - The Authority shall maintain, at their discretion, volunteer advisory committees which will act in an advisory capacity to the Authority. (01)The advisory committees will include without limitation: (a)(a) A joint EDA/HRA Finance Committee which shall consist of (i) two Commissioners appointed by the HRA, (ii) two EDA Commissioners appointed by the EDA, and (iii) five members of the Elk River community consi members of the banking profession, one member of the legal profe member of the real estate profession and one member of the community at large each of whom shall be appointed, as needed, by the then-existing members of the Finance Committee to fill any open seat consistent with foregoin categories; A finance committee; (b) A marketing committee; (c) A prospecting committee; (d)A research and development committee; (e) A beautification committee (02)All members of the advisory committees will be appointed by the (03) The responsibility of the advisory committees shall be to advisee Authority and to work with the executive director of the Authority and the econom City on assignments if needed. th Adopted this 156day of SeptemberMay, 20173 _______________________________________ Dan Tveite, President _______________________________________ Jennifer Wagner, Vice President