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ITEM # 5. <br />of <br />fiver <br />MEMORANDUM <br />TO: Economic Development Authority <br />FROM: Catherine Mehelich, Director of Economic Development <br />DATE: January 10, 2011 <br />SUBJECT: Annual Meeting Election of Officers <br />Attachments <br />• "Conflict of Interest Rules for Local EDAs", LMC 2008 Law Summaries. <br />• Bylaws of the Elk River Economic Development Authority <br />As a point of information, the attached excerpt from the League of MN Cities 2008 Law <br />Summaries cites recent statutory changes to the conflict of interest rules for local EDAs. <br />The City Council recently amended the enabling resolution to allow the Mayor or Vice <br />Mayor to serve on the EDA. Vice Mayor Gumphrey, Councilmembers Motin, Zerwas and <br />Westgaard were recently appointed to the EDA. <br />The EDA bylaws indicate the following offices are to be filled through the election process <br />at the annual meeting of the Authority. <br />• President <br />• Vice President <br />• Secretary <br />• Treasurer <br />• Assistant Treasurer <br />The 2010 officers were as follows: <br />• President -Ron Touchette <br />• Vice President -Dan Tveite <br />• Secretary -Paul Moon <br />• Treasurer -Pat Dwyer <br />• Assistant Treasurer -Matt Westgaard <br />The EDA Annual Meeting provides the opportunity to review the attached EDA Bylaws for <br />any suggested amendments. Staff has no suggested amendments at this time. <br />