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e e e report entitled Report to the Sherburne County Board of Commissioners From the Economic DevekJpment Structure Task Fom (''Report''). (e) The Task Force, in its Report, concluded that an Economic Development Authority ("ED.A." or "Authority") is the most effective and efficient structure 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; (I) 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 witbio 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 infrastructure to support business witbio our community and the need to retain lands for future economic growth. These objectives are consistent with the past identified goals of the County of Sherburne. (Ii) Pursuant to the proposed Enabling Resolution of the Sherburne County E.D.A., the Sherburne County Board will control the major activities of the Sherburne County ED.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 469.101, Subclivision 2, one of the powers of the Sherburne County EDA. is to acqnire and hold land for such purposes as to create opportunities for future economic development activities or for transportation or other necessary infrastructure. G) Pursuant to Minnesota Statutes Section 469.1082, Subclivision 5, the area of operation of the Sherburne County ED.A. will include all land witbio the City limits when the City adopts a resolution electing to participate in the Sherburne County E.D.A. (k) The City's existing economic development authorities shall continue its function and operate when the City participates in the Sherburne County E.D.A. The objective of both parties is to collaborate on projects and not compete. (1) Pursuant to Minnesota Statutes Section 469.1082, Subclivision 5, once the City adopts a resolution to participate in the Sherburne County E.D.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 serye to complement the present and future 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-