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and operation of any existing project to the Authority, the Authority shall accept control, authority, <br /> and operation of the project.When taking control of an existing project the Authority may exercise <br /> all for the powers that the governmental unit established in the project could exercise with respect to <br /> the project and shall covenant and pledge to perform the terms, conditions, and covenants of any <br /> bond indentures or other agreements executed with.respect to the project. <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 /> (c) A prospecting committee; <br /> (d) A research and development committee. <br /> (02) All members of the advisory committees will be appointed by the Authority. <br /> (03) The responsibility of the,advisory committees shall be to advise and assist the 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 /> Adopted this 16`' day of September, 2013 <br /> Dan Tveite,President <br /> Patrick Dwyer,Vice Presiden <br /> Paul Motin,Treasurer <br /> M tt' estgaard, S creta <br /> Bryan Pro �ssistant Treasurer <br />