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<br />Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Economic Development Authority 7.2 <br />Agenda Section Meeting Date Prepared by <br />General Business January 18, 2022 Brent O’Neil, Economic Development Director <br />Item Description Reviewed by <br />Review of Enabling Resolution and Bylaws Cal Portner, City Administrator <br />Reviewed by <br /> <br /> <br />Action Requested <br />Item presented for discussion purposes. <br /> <br />Background/Discussion <br />The annual meeting is an opportunity for the EDA to consider revisions to its bylaws or make recommendations to <br />the City Council regarding changes to the enabling resolution for the EDA. The bylaws were last amended in 2019. <br />The enabling resolution, first adopted by the council in 1987 to create the EDA, was last amended in 2011. <br /> <br />Staff is not bringing forth any suggested changes at this time; however, staff has been reviewing the documents as <br />well as the enabling statute and is likely to bring suggested changes to a future meeting. <br /> <br />Financial Impact <br />N/A <br /> <br />Mission/Policy/Goal <br />The enabling statute and resolution require periodic review of the bylaws and enabling resolution. <br /> <br />Attachments <br /> City Council Resolution 87-63 as Amended <br /> Bylaws of the Economic Development Authority <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br /> <br />service, and community engagement that encourages and inspires prosperity. <br /> Updated: August 2020 <br />