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• <br />• <br />• <br />LINO LAKES ECONOMIC DEVELOPMENT AUTF �tC : )ITY <br />RESOLUTION NO. 06 -01 <br />RESOLUTION AMENDING THE BY -LAWS OF THE ECONOMIC <br />DEVELOPMENT AUTHORITY <br />BE IT RESOLVED By the Board of Commissioners ("Board") of the Lino Lakes <br />Economic Development Authority ( "Authority ") as follows: <br />WHEREAS, The Authority and its governing body, the Board, was established on June <br />11, 1990 under Minnesota Statutes Sections 469.090 to 469.108; <br />WHEREAS, The Authority adopted By -Laws of the Lino Lakes Economic Development <br />Authority ( "by- laws ") outlining organization and procedures for the Authority. <br />WHEREAS, Section 3.1 of the by -laws establish an annual meting of the Board to be <br />held on the third Monday of January of each year at 6:00 p.m. <br />WHEREAS, Section 3.2 of the by -laws establishes regular meetings of the Board to be <br />held on the third Monday of each month at 6:00 p.m. <br />WHEREAS, Section 3.3 of the by -laws establishes the procedure for special meetings of <br />the Board. <br />NOW, THEREFORE, BE IT RESOLVED by the Lino Lakes Economic Development <br />Authority as follows: <br />1. The annual meeting of the Board will be held at 6:00 p.m. on the fourth Monday of <br />January in each year before the regularly scheduled Lino Lakes City Council meeting. <br />2. The Board shall hold meetings in the manner described in Section 3.3 of the by -laws <br />for the purpose of official business of the Authority in lieu of regular monthly <br />meetings. <br />