HomeMy WebLinkAbout10-098 EDA Bylaws
4646 Dakota Street SE
Prior Lake, MN 55372
RESOLUTION 10-098
A RESOLUTION APPROVING AMENDMENTS TO THE BYLAWS OF THE
PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY (EDA)
Motion By: Millar Second By: Hedberg
WHEREAS, Minnesota Statutes recognize the importance of creating a City EDA; and
WHEREAS, Minnesota Statutes reserve certain powers for economic development authorities to
facilitate economic development and redevelopment; and
WHEREAS, The City Council desires an EDA which is dynamic and capable of fostering economic
development and redevelopment to build tax base and create jobs; and
WHEREAS, The City Council has adopted amendments to the City of Prior Lake EDA?s Enabling
Resolution revising the composition of the body and clarifying certain powers; and
WHEREAS The bylaws of the EDA are critical in further defining the powers, procedures and
operations of the EDA; and
WHEREAS The City Attorney has drafted, and the City Council?s Bylaws and Compensation
Committee have reviewed amendments to the bylaws; and
WHEREAS On October 18, 2010, the City Council discussed the proposed bylaws.
NOWTHEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF PRIOR LAKE,
MINNESOTA as follows:
1.The recitals set forth above are incorporated herein.
2. The Economic Development Authority (EDA) bylaws dated October 18, 2010 are hereby approved.
PASSED AND ADOPTED THIS 18 DAY OF OCTOBER 2010.
th
YES NO
Myser X Myser
Erickson X Erickson
Hedberg X Hedberg
Keeney Absent Keeney
Millar X Millar
______________________________
Frank Boyles, City Manager
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