3.7. SR 03-19-2007 - Laserfiche WebLink

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report entided Report to the Sherburne County Board uf Commissioners From the Economic Development Structure Task Force ("Report''). (e) The Task Force, in its Report, concluded that an Economic Development Authority ("E.D.A." or "Authority'') is the most effective and efficient structute to provide the necessary economic development for Sherburne County. The report further concludes that it is not the County of Sherburne's role to act in a manner to duplicate the efforts of its member Cities and Townships but to utilize tools that will assist the local governing authority to continue their efforts; (f) At the conclusion of a public hearing held on September 12, 2006, the Sherburne County Board of Commissioners accepted the Report of the Task Force, adopted its recommendation, and directed County Staff to develop the Bylaws and Enabling Resolution for the Sherburne County Economic Development Authority. (g) As stated in the proposed Bylaws of the Sherburne County Economic Development Authority, the stated intent is for the Sherburne County E.D.A. to complement the economic development activities of municipalities and townships located within Sherburne County by collaborating, coordinating, expanding, and enhancing those efforts; as opposed to regulating, duplicating or interfering with the economic development activities undertaken by the townships and municipalities. Specifically, the need identified by the Cities and the Townships was assistance in the development of necessary infrastructute to support business within our community and the need to retain lands for futute economic growth. These objectives are consistent with the past identified goals of the County of Sherburne. (h) Pursuant to the proposed Enabling Resolution of the Sherburne County ED.A., the Sherburne County Board will control the major activities of the Sherburne County E.D.A. by approving the ED.A.'s annual operating budget, approving any proposed levy, approving any proposed bond issue, approving all development plans. (i) Pursuant to Minnesota Statute Section 4Q9.101, Subdivision 2, one of the powers of the Sherburne County E.D.A. is to acquire and hold land for such purposes as to create opportunities for futute economic development activities or for transportation or other necessary infrastructute. G) Pursuant to Minnesota Statutes Section 4Q9.1082, Subdivision 5, the area of operation of the Sherburne County ED.A. will include all land within the City limits when the City adopts a resolution electing to participate in the Sherburne County ED.A. (k) The City's existing economic development authorities shall continue its function and operate when the City participates in the Sherburne County ED.A. The objective of both parties is to collaborate on proj ects and not compete. (I) Pursuant to Minnesota Statutes Section 469.1082, Subdivision 5, once the City adopts a resolution to participate in the Sherburne County ED.A., it is unable to withdraw its participation for a minimum period of five (5) years. (m) The creation of a County E.D.A. will serve as an enhancement of, and a catalyst for, necessary economic development in the City and will serve to complement the present and futute economic development activities of the City; and THEREFORE, electing to participate in the Sherburne County Economic Development Authority will serve the best interest of the City by encouraging and facilitating necessary economic development opportunities within the City. .2.