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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. If one of the HRA or EDA members also has the professional distinction <br /> meeting the criteria for banking,legal, or real estate,another member of the <br /> community at large may be substituted with a term that runs concurrently with the <br /> term of the HRA or EDA member so that at no time more than 2 HRA and 2 EDA <br /> Commissioners serve on the Committee. <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 /> Article"O <br /> Amendments <br /> These Bylaws may be amended at any regular meeting of the Authority provided that notice of such <br /> proposed amendment shall be given to each Commissioner by hand,registered,or certified mail a <br /> minimum of ten (10) days prior to such meeting. Amendment of the Bylaws shall be in accordance <br /> with procedural and voting requirements established by these Bylaws or by resolution of the <br /> Authority. <br /> r.•\rda\hra\byta»f do, <br /> 516013v5 JSB ELI 85-13 <br />