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Request for Action <br />ToItem Number <br />Economic Development Authority6.1 <br />Agenda Section Meeting DatePrepared by <br /> <br />General BusinessJune 19, 2017Amanda Othoudt, EDD <br />Item Description <br />Reviewed by <br />Amendment to the EDABylaws -Reorganization Tina Allard, City Clerk <br />of the EDA Finance Committee <br />Reviewed by <br /> <br />Action Requested <br /> <br />Approve, by motion, changes to the EDABylawsfor the creation of a joint finance committee with the <br />HRA. <br /> <br />Background/Discussion <br />At their March 3 meeting, the Housing and Redevelopment Authorita joint <br />EDA/HRAFinance Committee to review all financial applications of the HRA. <br />Over the past two years, the HRA has developed two new financialrecently received <br />applications for housing TIF assistance and redevelopment TIF asall <br />HRA applications are reviewed by the HRA for recommendation to t <br />The HRA is seeking a more in depth review of their financial app- <br />committee. Economies of Scale could be attained by utilizing the EDA Financ <br />financial applications and provide a recommendation to the appro <br />Changes to the Bylaws reflect the appointment of two members of the EDA and two members of the <br />HRA to the Finance Committee. The EDA Finance Committee will berenamed to Joint Finance <br />Committee. <br />The HRA approved the changes to their Bylaws at their June 5, 2017 meeting. <br />Financial Impact <br />None <br />Attachments <br /> <br />EDABylaws <br />