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<br /> <br />ECONOMIC DEVELOPMENT AUTHORITY (~l <br /> <br />Function: <br />The EDA is an established public corporation empo\vered to undertake certain types of <br />economic de\relopment projects. The EDA is the economic development ann of dle City <br />Council and handles all types of city economic de\Telopment projects. Projects may include <br />such activities as acquiring, de\leloping, improving, and disposing of property, entering into <br />contracts, and operating and maintaining public facilities. <br /> <br />Meetinas: <br />The EDA meets the second 1\tfonday of each month. lY1eetings begin at 5:30 p.m. and are <br />Ileld at tlle Elk River City Hall, 13065 Orono Parkway. <br /> <br />Members and Terms: <br />The EDi\ is composed of four Councilmembers and duee citizens. TIle length of term for <br />the Councilmembers coincides \vith the term of office for Council. The length of term for <br />the citizen-members is SL~ years. <br /> <br />Questions pertaining to the EDA can be directed to CatllY :tYlehelich, Director of Economic <br />De\relopment, at (763) 635-1041. <br /> <br />EDA Subcommittees: <br />Business Incubator Ad'visory Committee <br />EDA Finance Committee <br />EDA Ivlarketing Committee <br /> <br />S:\CLERK\BOARDCOivl\Application and Descriptions\EDA.DOC <br /> <br />Rev 06/04 <br />