The URL can be used to link to this page

Home My WebLink About9E - EDA Bylaws CITY COUNCIL AGENDA REPORT April 2, 2001 9E Councilmembers Ericson and Gundlach AGENDA ITEM: CONSIDER APPROVAL OF BYLAWS FOR PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY. DISCUSSION: History: At the December 4, 2000 meeting, the City Council adopted Resolution 00-119, an Enabling Resolution for the Prior Lake Economic Development Authority (copy attached). The resolution changed the format of the Prior Lake Economic Development Authority from five members, including two Councilmembers and three non-members, to all five members being City Councilmembers. At the time the City Council took this action there was an understanding that the Economic Development Authority bylaws would need to be revised. At the annual meeting of the City Council, a subcommittee consisting of Council members Ericson and Gundlach, the City Manager and the City Attorney was appointed to accomplish the bylaw review and revision. Current Circumstances: We have reviewed the Economic Development Authority bylaws. Significant modifications were made so the bylaws would more closely parallel state statute, as well as address the change in format. The most significant revisions are as follows: Article 11/ "Board of Commissioners" - reflects that the EDA is now the City Council but also how vacancies are addressed, terms of appointment and payment of commissioners. Article V "Officers" - revised to reflect the statutory language relating to officers. Article VIII "Depositions, Default and Collateral" - added to identify statutory provisions on these topics. Article IX "Limitation of Powers" - Three sentences were deleted which were safeguards before the EDA became the City Council. Article X "Annual Report and Budqet" - modified to quote state statute. Article XII "Staff" - reflects statutory language. Article XIX "Insurance" - modified to clarify insurance coverages. 16200 Eagle Creek Ave. S.E., Prior Lake, Minnesota 55372-1714 / Ph. (952) 447-4230 / Fax (952) 447-4245 1:\COUNCIL\AGNRPTS\2001\EDA BYLAWS.OOCSQUAL OPPORTUNITY EMPLOYER T1- . i . 1 IT' ISSUES: ALTERNATIVES: RECOMMENDED MOTION: Article XVI "Miscellaneous" - revised to indicate that City Council bylaws govern EDA meetings. Article XVII "Conflict of Interest" - retitled and revised to incorporate statutory language. Conclusion: The City Council should review the proposed revisions to determine if they are appropriate. A copy of the revised bylaws is attached in legislative format. The proposed revisions are consistent with the change in the EDA format, and better reflect statutory language governing Economic Development Authorities. The revisions remove much of the duplication in effort between the City Council and EDA and therefore the time delay in getting issues addressed. (1) Adopt the modified bylaws as proposed. (2) Adopt the modified bylaws with revisions. (2) Defer action pending the receipt of additional information. As determined by the City Council. Once the revised bylaws are adopted, the City Council should schedule an organizational meeting of the EDA to elect officers and set a meeting schedule. I :\COUNCI L \AGNRPTS\200 1 \EDA BYLAWS. DOC BYLAWSOF PRIOR LAKE ECONOMIC DEVELOPMENT AUTHORITY Amended January 3, 1995 Amended January 2, 1996 Amended February 20, 1996 Amended October 21, 1996 Amended December 21, 1998 ~~rr:;~r:!p_~g t~~PEi l2.~_4.QO 1 ARTICLE I - NAME AND PURPOSE The Prior lake Economic Development Authority is a public body politic and a political subdivision of the State of Minnesota. The affairs of the Authority shall include, but not be limited to, promoting the growth, development and redevelopment of commercial industrial concerns in Prior lake. The primary purpose of the Authority is to serve as an Economic Development Authority pursuant to Minnesota Statutes, Section 469.090 to 469.108. The Authority shall be governed by all requirements of said statute, the Enabling Resolution passed by the Prior lake City Council and any amendments to the Enabling Resolution which may be enacted by the City Council in the future. ARTICLE II - OFFICES AND BOUNDARIESThe principal office of the Authority shall be in the City Hall of the City of Prior lake, 16200 Eagle Creek Avenue, County of Scott, State of Minnesota. The Authority may also have offices at such other places as the Commissioners of the Authority may from time to time appoint, or as the business of the Authority may require. The territory in which operations of the Authority are principally to be conducted consists of the City of Prior lake in Scott County in the State of Minnesota. Meetings of the Authority shall be conducted at the City Council Chambers at Fire Station 1, 16776 Fish Point Road. ARTICLE III - BOARD OF COMMISSIONERS The management of all of the affairs, property and business of the Authority shall be vested in a five (5) member Board of Commissioners. The Board shall consist of two members of the Prior L3ke City Council together 'Nith throe persons with businoss exportise who live in the City of Prior L3ke and sh311 be selected by the Mayor and confirmed by the City Council pursuant to Minnesota Statutes Chapter "169.095 , subdivision 2 (b). IQE3mtll(.,;lllbE3rsofthC';gitY(~ounci ist!clIISE';TYE::CJ?thC';[$9?rej Q(C::;Qfilrlli?$iqnE3 rs, The terms of the Commissioners ch.J1I be 3S cet forth in the En3bling Rosolution. Ay?c?Oc;yisGrE3c:ltE3cJ iO tbs:ms:XDQ,~[~!Jj,PJ{L9IL~H:!tb,QfHY"Y'i,b,s:D""ELC:::jtyJ':;Q,~!n,\~iJ)1JE3DJJ,!f~LQtJl1E;"",st~}JttQrity,s:D9"2yQt,JX1~JJ,,,mE3mQE3r,~bJJ2; . . " " he mann r n 'v\IQ9?TE3..I"f)E3filPs:r?.qfthe;c:;ityC::qullc:i1t9c:Q! rlGi cJE3yviththe;irtE';rnl. ofgffic.e;a?rIlE3r1lpe rsgfthEj.c:;itv.gqqllc:i I, Mjnn,~)~t8L",4,p~",Q~~""~l,LQ9,21fJ,, f 0 Cg"b!It~Hm~n1Q,~r"(?,!."",~:t~81b,,QL9JbE3rwL?'~'b~J)"sLUJf,~JUIE3g"QYJtlf:;',~;'k!~:~S:2(?QLJQ!tls,~,Q\dngiJJfQ~jtiQn" rSf:g;~!S'!:~~:i;:~\Ln;::},,:;S~D:J;f.:;J.)An+LA.+\! - 1 - III .. III The Board of Commissioners may exercise all powers of the Authority and do all such lawful acts and things as are authorized pursuant to Minnesota State Statutes, the Enabling Resolution or pursuant to these Bylaws. th(~9ljthorit\f..in9!l...alll()LJr1t.t()...lJ~'det0;i"rr)inE)(j . bV.JilE,..C:iT\'(::OU:\C;' Iii addition to receiyinq pay Jqr co All vacancies in the Board of Commissionel"s, whether caused by resignation, termination of Councilmembers, dO:lth or othorwis8, sh:lll be fillod by City Councii ~,43yoral :lppointment with City Council confirmation. ARTICLE IV - MEETINGS The Authority shall meet monthly as determined by the Authority at the location set forth in Article Two, Soction A,. At least seven (7) days written notice of such meetings shall be given to the Commissioners and City Council members. Meetings may be held immediately preceding, during or after the City Council meeting. Notice of a regular meeting shall comply with the requirements of the Minnesota Open Meeting Law. Special meetings of the Board of Commissioners may be called at any time by the President, or, in his/her absence, by the Vice President or by any two (2) Commissioners. Notice of special meetings of the Board of Commissioners shall be given to each Commissioner and the City Council members at least three (3) days prior to the meeting via telephone, telegram, letter or personal contact and shall state the time, place and the business scheduled to come before the Authority. Notice of a special meeting shall comply with the requirements of the Minnesota Open Meeting Law. Three commissioners shall constitute a quorum for the purpose of conducting business. Less than a quorum may, however, adjourn any meeting, which may be held on a subsequent date without further notice, provided a quorum be-i!3present at such deferred meeting. Commissioners are to notify the staff prior to the meeting if they are unable to attend. ARTICLE V - OFFICERS The officers of the Authority shall be a President, a Vice President, a Secretarj and a Treasurer vvho shall bo olocted by the Board to a one 'fe3r torm on a c31endar yoar basis 3nd shall hold office until their successors are elected and qualified. The President, Vice President, and Treasurer shall be members of the Board of Commissioners. The City Man:lgor's designoe will 8Or'/o :lS the Secret3ry. Tho President shall presidG 3t 311 meetings of tho /\uthority, sh.J1I sign or counter sign all certificates, contracts and other instruments of the Authority 3C :authorized by the Board of Commissioners, shall m3ko roportc to tho Board of Commissionors, .Jnd ehall porform :JI! such other duties as are incident to the office or are properly required by the Board of Commissioners. The Vice President shall exercise all the authority :lnd fulfill all the functions of the President during any 3bconco or disability of the President. ".~h!U,\:\(::\:,::}:::,'~ ':.-....'f.'.t!..i. "'.:.j.)Ag:+:.LA+\ - 2 - The Socret3ry sh:J11 issue notico for all meetings, (except that noticD for speci31 meetings called at the request of Commissioners :as pro'/ided herein) shall keep minutes of all meetings, :and shall make such reports and perform such other dutios 3S :Jre incident to the; office, 0:- are properly required by the Board of Commissioners. The Treasurer shall have ch3rge of all i'\uthority books and shall perform all dutie8 incident to the office which 31'S properly roquired by the B03rd of COr.lmissionors. In the case of the 3bsonce or in:Jbility to :Jet of 3n/ officer of the t.uthority and of any parcon herein authorized to 3Ct in his or her placG, the Board of Commissioners may from time to time deleg:ate the powers or duties of such officer to 3ny othor officer, or any Commissionor 'Nhom it m:J)' select at any regular or special meeting. The sal3ries of Commis8ioners of the ,A.uthority shall be MO. 00 per meeting. i;1Yl~~~,!J~~I!J~,~,I"$,?~!,,,An,j?,!JtbQri!Ynli;}Y9g,QPLRyI9YX~L9r]'\~Ll,JIf,;~QLp"gs;g~hJrQ"enQ~~JJ,9IJ,,?,g9PJ,8[l,j:,lffLgL?'1 58?!: I' the ;;gDJe QQmmis8iQ,ner""IJ1Q",Qf,fi cesQf"?"Q,yXQIsHY,,, Cl nd~1;:>~;i2J8n:L ,tr,;;t,s1,8,\dIQ,rmn,QQ~:L"OQ,L,Qe heJd,QY,,8 commissioner Duties and Powers. The9'ffiger?tl9\1QtIJQu?u?i;ill!iqsmi;J r, dC)()\i'JfiSCJftheirgffiGe? . IheYIll?Ytlegi\ien QtheLQ!JEe28DQJ2Pyy,eL$Qytbe,,?,),l.,ltt)Q[j,W, Ir~.q$lJ.r~r'$......DY.tJe$.,.....It).e..Jre.q$I,JL~L,,2,b9iJ...m.GeiYS...9.D.P .L? .,.LQ.::~[~.qD2iQJ.s~" rgr..,.,Si.h!.tb.Q.rjtx"""n:!QDey,..,j9....[.~.;:>.R.9n;:>tRl~. n sh a lifHE:the.Clljtliqt"lty'?(.iet?lilE:cJJirl;='l nc;i?i .tb..~....e..~lb.Q[Jty". A istant TI" is absent or disabled. ,,<,,' ..'r nt tn38"'ur(-jr [)I ....-1 v' r if th elJpliyMQnf?YA,\d!h9!-itYrrJQn~J:""i?,J?,iJQIIC;)I!QDt:Y, Q,l)g,yk~,6n8ytb"QLilY:,~;t)eQls""}JJ"q?1,Qt:,,,;:;Jgn~\;L,,1;r{"JJJ~"JI~iA,~;\JLm8i'LQ"""Q.rt~L.,,,Qth,eL,,..Q.ffi,,Qe[,,J1q,m,eg,,,QY,,,,,tb,~ au the) ntYmlliareS qill!i q 11. Ih egliE:'C:~ llilJSlm stCltE';til[7!D? (ne .. elf th erlE]\ieemCJ ricJ thf;ri<3tlJre9ftb eglai ITi that tb.s....Qb~,Q~,j$..j;;9.\).e.g..J,QL, financial statements.TIJeClLJtQgrit\/ shalle){CifTiinE'thestatETlent roue;!"?: with the treasurei"s vouchers. If :~L\:!::;~) '.\"'. :"'\.'~:._;::;;_'f.,:j,EI._J..:"'.H~:.i.,;"'+V - 3 - III I HI ARTICLE VI ^ TTEND/\NCE AND EXPENSES Any Commissioner who is absent from three (3) consecutive duly called meetings of the Board shall be deemod to h3vo resigned un lose the .Jbsonteo pmvidos :1 c::Jtisfactor)' cxp13n3tion to the Procident 3nd the President so notes in the records of the Authority. Commissioners and officers may be reimbursed for expenses incurred in fulfilling the duties of their office 3nd m3Y be roimbursed for .::r!:tond3nco 3t mootings ::md in ths porform31lCe of dutios on beh31f of the Authority. Schedules of reimbursable expense sh311 be estatlisr.ed by the ,^.uthority from time to time (mile3qe, m831s, ote. ). ARTICLE vn - FINANCE AND ADMINISTRATION The monies of the Authority shall be deposited in the name of the Authority in such bank or banks as the Board of Commissioners shall designate, and shall be drawn out only by check signed by persons designated by resolution by the Board of Commissioners. The fiscal year of the Authority shall be the same as the fiscal year of the City of Prior Lake. The nature, number and qualification of the staff required by the Authority to conduct its business according to these Bylaws shall be annually determined by the Board of Commissioners. Any agreement shall set forth in reasonable detail the nature of the Authority services to be performed, the cost basis for such services and the payment to be made by the Authority. The books and records of the Authority shall be kept at the Authority office in the City of Prior Lake, Minnesota. ARTICLE VII+'-- POWERS The Authority may exercise all of the powers contained in the Enabling Resolution consistent with Minnesota Statutes, Sections 469.090 to 469.108. The Authority may exercise all of the powers contained in the Housing Act, Minnesota Statutes, Sections 469.001 to 469.047. The Authority may exercise all of the powers of an Agency contained in the Development Act, Minnesota Statutes, Sections 469.124 to 469.134. The Authority may exercise all of the powers of a redevelopment agency contained in the Industrial Bond Act, Minnesota Statutes, Sections 469.152 to 469.165. The Authority may exercise all of the powers of a city contained in the Housing Finance Act, provided authorized to do so by ordinance of the Council pursuant to Section 462C.02, Subdivision 6 of the Housing Financing Act. \;:\:!:B:\::~;:!iDX:l~l~ :' .:::::;~L'/:i:l. fi.l)AH.\:.t~.A.~\;' - 4 - The Authority may exercise all of the powers of an Authority contained in the Tax Increment Act, Minnesota Statutes, Section 469.174 to 469.179. The Authority may exercise such powers as may be contained in other laws applicable to economic development authorities or housing and redevelopment authorities not specifically described herein. .ARTICLE VI!! - DEPOSITIONS. DEFAJJL T.. COU..A,TERAL t)q..~iqpq$itqd.CltC1nYOrlq.til1lq, One Bank Account. An authority Illav deDosit ail iT.S mane\! frurn ary ':Duree in one bank account 'j as?io Ill1lqil t$9Lgqllatql:21i?rqpq trD 'tted.. b y! a W IQ$E3CUrech? uqST.T.;; . ()ft!~I(;aLJthQrity' smcity, Minn. Stat. 469.099 ARTICLE IX - LIMITATION OF POWERS The ^uthority Sh311 not issue 3ny bonds \\'ithout ths prior 3pproval by the City Council. The ^uthority shall not p3rticip3te as a limited partnor in 3 devolopment project without tho prior approval of the City Council. All official actions of the Authority must be consistent with the adopted Comprehensive Plan of the City and with any official controls adopted by the City Council to implement the Comprehensive Plan. Tho /\uthority must submit a comprehensive description of its :Jdministr3ti'le structure, m3n3gement practices and bylaws, to the City Council for approval. ARTICLE X - ANNUAL REPORT AND BUDGET The ,A.uthority Sh311 prepare an annual report describing its activities and providing an accurate st3tement of its financi31 condition. The ::mnu:J! roport Sh311 be prepared and s'Jbmitted to the City Council by M3rch 1 each ye3r. The ,^.uthority sh311 prepare an 3nnual budget projecting anticipated expenses and EOurces of revenue. The :mnu31 budget shall bo prop3rod :md submittod to the City l\13n:Jgor of tho City of Prior L3ke by September 1 e3ch year. The fin3ncial statements of the ^uthority must be prepared, audited. filed and published in the manner roquired for the financial st:Jtemontc of tho City of Prior L3ke. Tho fin.:mci31 st3temont must be filed with the state auditor by June 30 of e3ch year. ;;Ej:JI:?)YJ1~\~;);\ :.,:;~;:-::;;:(:,'n::\_i;.D...:,.g\4.;-A+\: - 5 - III .. ill rnutlicipal corporatiq!'ls ()I""qthc:;r sui29Iyi::;I()ns. or :ncu:- an CLiliT1JLii" ';:iclr(:eabiE;; on,f:JropertY"notgvvilqo l2)i",1,t],s"",9L~I,.t,t2()ri,JY next fiscal veal'. The neq~jE::d aniOUIlT!::~what!si)(::-;{:;cJe(j,,!iic>:(~('SS, C" :" ~'1\ "expec~tE"(j riSc;eiptsfrOrTi. 9thiSr g"ldr.i,D9"""11:J,i::LPI-s,9,seJ,i,Dfl",,,Y,9,I,smg,9,L"",y,s.Sl,C, ,.1Q9.s,ttl~~r""y{!t!:), ".i?"Q,~IH.i..9,rJ,9.,i."",rDs~[1.s7["""&)Llg...,,,rS,yQ.rnmE::ng,s,!,.t!.Qn~"""iJ" .dee ros a cjyisa bl e fQI-th E;E;C;OrJq tllig~lqyq!c)p n'I':c;ntgL thec;itv . f!,u dits. The financial staten-liSn tsm9f the a Lgr10r-itv .rnustl)()ore!:Ji3recJ0ucjitE::cJ'mfilgc.J9f1cJPljbJishE::dgr t llerE::Dortcl n drr1c::lvc::lc;cgptit or, IrlJh E:DutJlic;il:lterq st.3ueji t ,T rice "QC10 iiS (if. [Jie;:) Lith qrity. C:Ornpli~l'lc;E::E:X9f11il1?ti()!1?p\t therecJLJ(;::;tgtJheC;it\ C{ .11)\., .. {;;3iiclitoi"':::;initiative,Jhe, sTateC)ucJitqr ~rrlC. ~~tate ARTICLE XI - NOTICES Whenever the provisions of an applicable statute or these Bylaws require notice to be given to any Commissioner or officer, the provisions shall not be construed to mean personal notice unless explicitly stated; such notice may be given in writing by U.S. Mail, in a postage-paid, sealed wrapper, addressed to the Commissioner or officer at his or her address as appears in the books of the Authority, and the time when the notice is mailed shall be deemed to be the time of the giving of such notice. In the case of special meetings, the presence of any member of the commission at a special meeting shall constitute a waiver of any formal notice of the meeting unless the commissioner attends for the specific purpose of objecting to the holding of such meeting. ARTICLE XII- STAFF The City M::m3ger, who shall act as Executive Director to the /\uthority, sh311 utilize City 5t3ft 3S needed for c:mying out the purposoe of the Authority, In :addition, the City M:all:agor :JS spocifiod :and diroctod by the BO::1rd of Commissioners m3Y ret:ain such additional professioll3l 3ssist:lIlce as may be neceSS3r'/ t2 8nSUrG tie proper and efficient oper3tion of the I\uthority. :,;:~:~:\l:i:iJ\:~i~\~!L;~,r:::: ::;':;::;:i;:',\:~:!- J:+DA.lJ.\;:.j,,,A-\.\; - 6 - , '. T P~~~IQP,[n~DJbkl!!:IQJi1Y,,~9JQQQ,mJ2,~D,2gtiQrL,~,!:1,?UJif~iJJ,8\.tgJU'::JJ1J\:,tL]i';::"i~IwJ:09D,9g~['?"?919rY,, ,l;nlpJQY~,~,~.It],~,29QnQmi"QP,~Y2IQP[IQ,nL/'\u1J'lQr:i\Yn1,9Y"~t)J'[JIQY,,~2,;:JJl,~;t,"2ngl,Q,s,~L,,,Q1,b~IJ~,Q!]"Qjr;:e,LS!0.R,<2[l~ andClC1 <?rit;.;.drid ". Cltl'1\3[t~illpi()\le\3~:3S ....iT . 'T'CivrccuirE': ,(:i no . (1QiE-:,rn! (; (;,11:1\3 ircJ~itie?,ql,J?lific9ti ()ri S?Q<:J GQ,ntr~,~t,JQr"""$,~rx,!~,~~""",Ib,Q",,,ql,JJtlQr.i\y,...,.,m.sti..CQ.rlTIf}ct ...f,9.L"t h '? ....~i,~li:'~!.LQ~,?"..Q.t,'gQIJ.?k!J.!9..oJ2",...,.9.9.Q..nJ2",~.,R.I,J..QEr;:. accountants, and ()tt'I\3 r,pc;I"? 0 CI?f1C:;E')dE:;9JC) perform it~,o L) ti\3?? r:rjE;;)cQXc;i?\3i!sP9'l11c;[?,f\i1iflfl,$t?t 4.f3Q,mt.z....,.?bl.9..;t...,.6 k~.g~J",~.~.rY.!.~.~.~",.I.tl.Q.,el,Jtb.QritY:....rn8Y",bI2,s,Jtl,Q",?E:;Ly,i,~\32,Qj,t.bQ{;:;ilY.,;;1.nQ,LnsTY,,,II1..s,QJ.1Y,.,9JJQrOl?Y!2.j1.2",g,bJl?f leg?I,?cJyi ?()r...I0.if1rl,$t?t....4E3~,Q97,sub(t .} 1 t r:~..~.~,Q.?,...,.J.Q.,._._.9.9_rry_".__q.~.t._._...r~..!.O'.Q..:....._._~.1.9.!..~ Qity.E..l,!I~.h.9,~jng..,...Tbl?....,9,h!lbQ[Hy,~j19.H..Jt?sJiJsJ2,,,;;;iH.1Ls2pL!.t~;....Qi]y'.?..R..lJL(~b8.;:;Jn.g,..g..l?Q9rln}.g.o.L.i.n....Q,Q.D..'1l?,Qli.QD + Cit r ~ng.i.n~~[log..QL.Qlb.<2L..8,2~L?!9D.f~JQ...HJQ..9b!.tb()r.i.tL..... rvJ i nIL.....~..t8.1. ..4Q,Q"Q0"7 5ubd. 6 ..--..._--_......-.................... .............-................. R,~I~g,~11.Qn..J:',QW~L,ItJ.g,..9h!tb.Q.ri.ty,....m,8y,..QQ.!.s.g,9tl?.,t.Q,..Q.clQ,~?LJngLs,...QL.;J2i..9g,~,n.t~"QLs.nJJ),.lQy"s..s,8.....R.Q.W.gr.~,.....Qr .q..~.t..i.~,.~...,9..~._.._!.1__.rD.9,y.....q_~..~.QJ...__pr9.p.~r.:._.____.f'/l..i"nn__:_____~t9.1.:"..,~....?~__._Q_~).7'_.;..?l}J?..q,:! ARTICLE XIII - SEAL The official seal of the Authority shall be the same as the official seal of the City of Prior Lake. ARTICLE XIV -= INDEMNIFICATION.,..!.N?!J..R.8.N..G..!::: The ^uthority Sh311 h3VO tho powor ~o indemnify :my pOITons, whothor officors, Commissionors, employees, agents or other persons acting for or on behalf of the ,^,uthority in respect to any and all m3tter8 or actions for which indemnific3tion is permitted by tho 13'//8 of the St3te of MinneEot3, including, 'Nithout limitation, liability for expenses incurred in defending against 3ctions commenced or thre3tened. !n the disc~etion of the Commissioners, the ,^.~~hor!ty m::l~' pUrCh3S€ :.md maintain insurance against cl3ims arising out of events 3nd m3do or thrmtenod 3gainst persons doscribed in Section 1 above, ,,"{hether or not the Authority has the power to indemnify such per€On under the la'A's of the State of Minnosota. Tn e a uth 0 ritv shall con slj It .'lIIiIhtIJQLMGITI-eoel"qir,9 in $LIT9ncE;\;qyerClqE; .i$? u \3 ?:Ih\??uthqritY,?hi3JI R,bl[f,h9..?~......,9.ng......m~J..Dlp.jD...J..D.~,W:.9n.9s to yQ.Y<2LJ,b.e C1J,~tj~Hi\3$...,.()L!he E D;~...,..iD..~.l.b!.g.LQg.. Qfttf~I?...,.8nQ......gJ..[,~,g!Q[:~ Insurance. .-- --- ----- -"-.--.-------.. The au thoritv$hClII pu I"ChClSQ. .?ri~l,tllCllntainlri{~lJ i:ar1~;i2c1Cl a ins", c:lg!rr: st3ri:;i rI9,()lJtOti2YQ f1ts(;lndlll(;l<:JQor t.bEQ91<2n<2g..".sl.9.9jIJ,?lP.sI~,Qn?,...9.~.?f;!]~?sqSl,t?Q.ys......yV,J:iQJtJsL,QLLiQLJrIf;H<;!\,11hQCih::..,82,.ltJ.l?12QV,{sLJq).tJQ,l?,w.nifY SI,,) chPSL?()11UlldQrthE;ii3\Ai?Qttne .$tare;glJ\ii InrifS()tcl. :,,~)A!:I:~,\'}::~\\~;,:'::rt:;':;;;:~:-,,;.;:\!i:;,;:l: ~;~_~\.g:+:l~-A.+\; - 7 - .H . ill ARTICLE XV . AMENDMENT OF BYLAWS Alterations, amendments or repeal of the Bylaws may be recommended to the City Council;;~D(:qrnRIj?bf2g by a majority vote of the Commissioners entitled to vote at any meeting, if the notice of such meeting contains a statement of the proposed alteration, amendment or repeal. Notice of any alteration, amendment or repeal of the Bylaws shall be given in writing to each Commissioner at least ten (10) days prior to the meeting at which said proposed alteration, amendment or repeal shall be considered. ARTICLE XVI. MISCELLANEOUS All meetings of the Authority shall be governed by City Council Bylaws. Commissioners of the .^,uthority shall conform to 3 conflict :)f interest policy as set forth in the City Council Bylaws which shall bo applicable to :]11 action~ to b9 t:]kon by tile Commissioners or officers. ARTICLE XVII . COD~ OF CONDUCTCQNEhJCTQfJNT~BE;ST Commissionors will adhere to tho following: ,A., Commissioner's opinions port:]ining to :] function, org3niz::tion or specific application or issuo eh:]11 not be given to the public or media unless there is 3 cle3r qualification th:3t the opinion is that of the member and not the official opinion of the I\uthority or the City, If :3 Commissionor gives or represents the opinions of tile ED!\, he/she 511311 do so only :]fter re:::eiving the offici:31 direction from the EDA. Tho conduct of Commissioners sh;)11 rofiect positively upon the ED,"., individu:]1 member ;)nd city. Commiscionon:: eh:]" avoid any ;)ctu:]! or :]pprent impropriety. 23 nypr()j~c:t:. ...rvlipn.. Sti:3t4(3f).Q9$ :i ;~i;\ltl;;):~\~ .::r.;::~.;,,/~;:.::~:I::,!,;'. ,J l;J.)AI4:~:.i.~-A.\.\: - 8 - ECONOMIC DEVELOPMENT AUTHORITY OFFICERS Approved Decembor 21, 1998 (amended 3/22/99) President................................................ Bob B::m~noss Vice President........... ............. .... ............ Dick Undorforth Treasurer ............................................... Bob J3der Executive Director.................................. Frank Boyles Assistant Treasurer................................ Ralph Teschner Secretary ............................................... Kelly Meyer Li:Jicon to BusineE:S Coml"7i~Jni:y......... P::lUl Viereck ;:.;:~!;gt!X\A~~XN):t:\ \,.:,;;i~~U.:h~.JA.g~:.i.:A..\.V - 9 - III 1W I' 11