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2 <br /> <br />Section 2.5 President Pro Tem . In the event of the absence or inability of the President <br />and the Vice President at any meeting, the Board may appoint any remaining Member as <br />President Pro Tem to preside at such meeting. <br /> <br />Section 2.6 Treasurer. The Treasurer shall receive and be responsible for Authority <br />money, shall disburse Authority money by check only, keep an account of all Authority <br />receipts and disbursements and the nature and purpose relating thereto. The Treasurer shall <br />file the Authority’s financial statements with its Secretary at least once a year as set by the <br />Authority and be responsible for the acts of the Assistant Treasurer. <br /> <br />Section 2.7 Assistant Treasurer. The Assistant Treasurer shall have all the powers and <br />duties of the Treasurer if the Treasurer is absent or disabled. The Assistant Treasurer shall <br />be the Finance Director of the City of Little Canada (the “City”). <br /> <br />Section 2.8 Executive Director. The Executive Director shall be the City Administrator <br />of the City. The Executive Director shall be appointed executive officer of the Authority <br />and shall have such additional responsibilities as the Board may from time to time and by <br />resolution prescribe. <br /> <br />Section 2.9 Secretary. The Executive Director or his/her designee shall be the Secretary <br />for the EDA. The Executive Director shall keep or cause to be kept minutes of all meetings <br />of the Board and shall maintain or cause to be maintained all records of the Authority. <br /> <br />Section 2.10 Compensation and reimbursement. A Member, including the President, <br />shall be paid for attending each regular or special meeting of the Authority in an amount to <br />be determined by the Little Canada City Council. In addition, the Members may be <br />reimbursed for actual expenses incurred in doing official business of the Authority. All <br />compensation or reimbursement shall be paid out of the Authority’s budget. <br /> <br />3. Procedures of Board <br />Section 3.1 Regular Meetings. The Board may hold regular meetings according to a <br />meeting schedule, if any, adopted or revised from time to time by the Board, and shall hold <br />at least one regular meeting every month. The Board shall approve the annual meeting <br />dates for the following year at the last meeting of the calendar year, which shall be <br />published as required by the Minnesota Open Meeting Law. <br />Section 3.2 Special Meetings. Special Meetings of the Board may be called by the <br />President or, in the event of the President’s absence or inability, by the Vice President at <br />any time, upon three days prior notice to all Members and the Executive Director. Upon