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02-14-2024 Workshop Packet
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02-14-2024 Workshop Packet
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<br />2 <br />4859-6924-4449\6 <br />is less difficult to obtain than 501(c)(3) status, only a business may make contributions that are tax <br />deductible, individual contributions are not eligible for the tax deduction. Also, organizations with <br />501(c)(3) are prohibited from directly or indirectly participating in, or intervening in, any political <br />campaign on behalf of or against any candidate for elective public office. <br />Government Organizations <br />Economic Development Commission: A board used to advise a City Council, appointed by the <br />Mayor and/or City Council. It has limited or no decision making authority and is used as a <br />sounding board or a first point of contact for the City Council on development projects. The <br />commission is used to draft strategies and policies for ratification and implementation of local <br />plans on a volunteer basis. <br />Housing Redevelopment Authority (HRA): An HRA is a public corporation with power to <br />undertake certain types of housing and redevelopment or renewal activities. While state legislation <br />conveys authority for housing and redevelopment in each City, it is up to the City Council to <br />formally establish an HRA before it can do business and use its powers. Once a council legally <br />establishes an HRA, it may undertake certain types of planning and community development <br />activities on its own with council approval. <br />Port Authority: This is a legal entity created by the State Legislature to promote the general <br />welfare of a City’s port district, increase the volume of commerce in the port and provide facilities <br />for handling, storage and shipment of freight. The Port Authority actively develops commerce <br />within the City and can enable business location and expansion. The powers of a Port Authority <br />are more expansive then those of an HRA or an EDA. The State Legislature authorizes the creation <br />of Port Authorities. A Port Authority is a separate political entity with the right to sue and be sued <br />in its own name and is generally organized to increase commerce in a City. Unlike EDAs and <br />HRAs, a Port Authority may issue general obligation bonds without holding an election. <br />Joint Powers Board: This is a board created by multiple Cities, Townships or Counties for a <br />certain purpose, such as economic development. The agreement between the units of government <br />would specifically describe activities and powers that the board exercises in carrying out its duties. <br />Economic Development Authority (EDA): An EDA is a legal entity created by a City or a <br />County to facilitate a well-rounded development program by taking advantage of some of the port <br />authority powers and all of the HRA powers. By combining and utilizing HRA, EDA and City <br />powers, community leaders are able to create flexible business assistance and development <br />programs. EDAs for example, are allowed, to buy and sell property; make loans and grants to <br />businesses; provide guarantees or other credit enhancements; and to sell bonds. <br />All Cities have authority from the State Legislature to create an EDA. The City may consolidate <br />the EDA with an existing HRA or the City may establish the EDA as a separate entity. The City <br />Council may create an EDA by passing an enabling resolution. Before adopting the enabling <br />resolution, the City must first conduct a public hearing. The enabling resolution establishes a <br />Board of Commissioners for the EDA. The City Council can choose to serve as the EDA Board <br />of Commissioners or create a board composed of council members and community members. The <br />Mayor, with approval of the Council, appoints the Commissioners. The Board may consist of
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