3.7. SR 03-19-2007 - Laserfiche WebLink

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Elk River EDA Structure . Established 1987; bylaws adopted 1988 . 7 members including the Mayor, 3 City Council members, 3 residents who are not members of the City Council . Terms of City Council members coincide with terms on the council. Non- council members begin with staggered terms and thereafter serve 6 year terms. Functions, Powers and Duties . The powers of an HRA under MN Stat ~ MN Stat ~469.001 et seq; . The powers of a City under MN Stat ~ 469.124 et seq.; . The powers and duties of a redevelopment agency under MN Stat ~ 469.152 et seq.; . The power to create and define the boundaries of economic development districts as provided by law; . The power to acquire by lease, purchase, gift, devise, or condemnation proceedings property required to create economic development districts; and to dispose of property acquired, as provided by the Statute; . The power to sign options to purchase, sell or lease property; . The right of eminent domain, as provided by the Statute; . The authority to be a limited partner in a partnership whose purposes are consistent with the Authority's purpose; . The power to acquire rights or an easement for a term of years, or perpetually, for development of an economic development district; . The power to buy supplies and materials to carry out the purposes of the Statute; . The right to receive public property; . The power to sell or lease land held by it for economic development in economic development districts; . The power to operate and maintain a public parking facility or other public facility to promote development in an economic development district; . The right to cooperate with or act as agent for the federal or state government or other public body to carry out the Statute; . The power to study and analyze economic development needs in the City and ways to meet the needs; to study the desirable patterns for land use for economic development and community growth, and other factors affecting local economic development in the City; to make the result of the studies available to the public and to industry in general; to engage in research and to disseminate information on economic development in the City; . The power to utilize public relations activities to promote the City; . The right to accept conveyances of land from all other public agencies, commissions or other units of government, if the land can be used to carry out the purposes of the Statute; . The power to develop and improve the lands in an economic development district to make it suitable and available for economic development uses and purposes; to fill, grade and protect the property; 6