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<br />WS – Item 4 <br />WORK SESSION STAFF REPORT <br />Work Session Item No. 4 <br /> <br /> <br />Date: January 4, 2021 <br /> <br />To: City Council <br /> <br />From: Michael Grochala, Community Development Director <br /> <br />Re: Economic Development Authority Appointments <br /> <br /> <br />Background <br /> <br />The Economic Development Authority (EDA) will be holding its annual meeting on <br />January 25, 2021. The EDA membership is comprised of the five City Council members. <br />At the meeting, the EDA is required to make a number of annual appointments. <br /> <br />The following is a list of appo intments for your consideration. Typically, the offices of <br />President, Vice President , and Treasurer have rotated between the five board members. <br /> <br />Position 2020 2021 Recommended <br />1. President Dale Stoesz TBD <br />2. Vice President Chris Lyden TBD <br />3. Treasurer Michael Ruhland TBD <br />4. Secretary Community Development <br />Director <br />Community Development <br />Director <br />5. Assistant Treasurer Finance Director Finance Director <br />6. Executive Director City Administrator City Administrator <br />7. Official Newspaper Quad Community Press Quad Community Press <br />8. Legal Depositories <br /> <br />First Resource Bank <br />LMC 4M Fund <br />Wells Fargo Securities <br />Wells Fargo Advisors <br />US Bank <br />RBC Capital Markets <br />Moreton Capital Markets <br />F&M Bank <br />Others as needed <br />First Resource Bank <br />LMC 4M Fund <br />Wells Fargo Securities <br />Wells Fargo Advisors <br />US Bank <br />RBC Capital Markets <br />Moreton Capital Markets <br />F&M Bank <br />Others as needed <br /> <br /> <br />