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RESOLUTION I I -~ <br />RESOLUTION FOR THE CITY OF ELK RIVER <br />• A RESOLUTION MODIFYING RESOLUTION NO. 87-63 ESTABLISHING AN <br />ECONOMIC DEVELOPMENT AUTHORITY FOR THE CITY OF ELK RIVER, <br />MINNESOTA <br />WHEREAS, Minnesota Statutes 469.090 et seq. (the Statute) authorizes the City of Elk River (the City) <br />to establish an Economic Development Authority pursuant to the procedures and subject <br />to the restrictions set forth therein; and, <br />WHEREAS, on October 7, 1987, the City Council for the City of Elk River (the City Council) adopted <br />Resolution No. 87-63 creating the City of Elk River Economic Development Authority <br />(the Authority); and, <br />WHEREAS, on February 12, 1990, the City Council adopted Resolution No. 90-5 to expand the <br />Authority from five (5) to seven (7) Commissioners by including, along with the City <br />Council, two (2) residents to serve the Authority at-large; and, <br />WHEREAS, on November 21, 1994, the City Council adopted Resolution No. 94-122 to change the <br />composition of the Authority from five (5) City Councilmembers and two (2) residents to: <br />the Mayor of the City of Elk River; three (3) additional City Councilmembers of the Ciry of <br />Elk River; and three (3) residents of the City of Elk River who are not members of the City <br />Council; <br />WHEREAS, the City Council finds that it is in the best interest of the City and its residents to adjust the <br />composition of the Authority. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, Minnesota as <br />follows: <br />Paragraph 2 (a) of City Council Resolution No. 87-63, the enabling resolution for the <br />Economic Development Authority for the City of Elk River, Minnesota is hereby amended to <br />read as follows: <br />2. Commissioners <br />a. The Commissioners of the Authority shall include; four (4) members of the <br />City Council and three (3) residents of the City of Elk River who are not <br />members of the City Council. The Mayor shall make all appointments to the <br />Authority, with the approval of the City Council. <br />Passed and adopted by the City Council of the City of Elk er this 3`d y of anuary, 2011. <br />J Dietz, Mayo <br />ATTES <br />• Tina Allard Ci Clerk <br />~' <br />