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(m) The creation of a County E.D.A. will serve as an enhancement of, and a catalyst <br />for, necessary economic development in the City and will serve to complement the present and <br />future economic development activities of the City; and <br />THEREFORE, electing to participate in the Sherburne County Economic Development <br />Authority will serve the best interest of the City by encouraging and facilitating necessary <br />economic development opportunities within the City. <br />2. Approval of Participating in the Sherburne County Economic Development <br />Authority. <br />(a) The City Council hereby approves and authorizes the City of to <br />participate in the Sherburne County Economic Development Authority, subject to all benefits <br />thereof. <br />(b) The approval hereby given unto itself to participate in the Sherburne County <br />Economic Development Authority includes approval of incidental and necessary actions as to <br />effectuate this <br />The Motion for the adoption of the foregoing Resolution was made by member <br />and duly seconded by member and, upon a vote being taken thereon after full <br />discussion thereof, the following voted in favor thereof: <br />And the following voted against the same: <br />Whereupon said Resolution was declared duly passed and adopted. <br />ATTEST: <br />City Clerk <br />Mayor <br />070117 Proposed City E.D.A. Participation Resolution Page 3 of 4 <br />