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Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Economic Development Authority 8.3 <br />Agenda Section Meeting Date Prepared by <br />General Business January 17, 2023 Joshua Mollan, Economic Development Specialist <br />Item Description Reviewed by <br />Review of Enabling Resolution Brent O’Neil, Economic Development Director <br />Reviewed by <br />Cal Portner, City Administrator <br /> <br />Action Requested <br />Recommend to the City Council, by motion, changes consolidating and restating the EDA enabling resolution. <br /> <br />Background/Discussion <br />The annual meeting is an opportunity for the EDA to make recommendations to the City Council regarding <br />suggested changes to the enabling resolution of the EDA. The enabling resolution was adopted by the Council in <br />1987 to create the EDA and has been amended four times, the last amendment being in 2011. <br /> <br />Changes to the content of the enabling resolution are not recommended at this time. However, as the previous <br />amendments are layered onto the original resolution, consolidating the amendments into a singular resolution will <br />simplify the document. It is recommended the previous amendments be consolidated into a restated resolution. If <br />recommended by the EDA, the proposed consolidation of the amendments would be taken to the city council at a <br />future meeting. <br /> <br />Financial Impact <br />N/A <br /> <br />Mission/Policy/Goal <br />Statute requires periodic review of the enabling resolution. <br /> <br />Attachments <br /> City Council Resolution 87-63 as Amended <br /> Proposed Consolidation of City Council Resolution 87-63 and Amendments <br /> <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br /> <br />service, and community engagement that encourages and inspires prosperity. <br /> Updated: August 2020 <br />