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<br /> (03) Checks - All checks drawn on bank accounts of the Authority shall indicate the fund <br />and, in the case of a project, the project to be charged. All checks shall be signed by the two <br />designated Commissioners of the Authority, or one officer of the Authority and the <br />Executive Director. <br /> <br />6.3) Ongoing Duties. The Authority shall evaluate and consider staff assignments, the status of <br />existing Authority projects, any modifications or amendments to the “Municipal Housing <br />and Redevelopment Act” and suggested amendments and changes to the Authority’s bylaws <br />from time to time as needed. <br /> <br />6.4) Official Newspaper. The official newspaper of the Authority shall be the official newspaper <br />of the City of Elk River, unless otherwise determined by resolution of the Authority. <br /> <br />6.5) Official Depository. The official depository of the Authority shall be the official depository <br />of the City of Elk River, unless otherwise determined by resolution of the Authority. <br /> <br /> <br />Article 7 <br /> <br />7.1) Advisory Committees <br />(01) The Authority shall maintain, at their discretion, volunteer advisory committees <br />which will act in an advisory capacity to the Authority. <br />(02) The advisory committees will include without limitation: <br />(a) A joint EDA/HRA Finance Committee which shall consist of (i) two HRA <br />Commissioners appointed by the HRA, (ii) two EDA Commissioners appointed by <br />the EDA, and (iii) five members of the Elk River community consisting of two <br />members of the banking profession, one member of the legal profession, one <br />member of the real estate profession and one member of the community at large <br />each of whom shall be approved, as needed, by the then-existing members of the <br />Finance Committee to fill any open seat consistent with foregoing community <br />categories; <br />(03) All members of the advisory committees will be approved by the Authority. <br />(04) The responsibility of the advisory committees shall be to advise and assist the <br />Authority and to work with the executive director of the Authority and the economic <br />development coordinator of the city on assignments if needed. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />s:\\eda\\hra\\bylaws.doc <br />516013v3 JSB EL185-13 <br />