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Member Bohjanen introduced the following resolution and moved its <br />adoption: <br />CITY OF LINO LAKES <br />RESOLUTION NO. 33 - 90 <br />ENABLING RESOLUTION ESTABLISHING AN <br />ECONOMIC DEVELOPMENT AUTHORITY UNDER <br />MINNESOTA STATUTES SECTIONS 469.090 <br />TO 469.108 <br />WHEREAS, Minnesota Statutes Sections 469.090 through 469.108 (the "EDA <br />Act"), authorizes cities to establish an Economic Development Authority ("EDA") <br />with specified powers and obligations to promote and to provide incentives for <br />economic development; and <br />WHEREAS, the City Council of the City of Lino Lakes, Minnesota (the <br />"Council") has determined that it is in the best interest of the City of Lino Lakes, <br />Minnesota (the "City") to establish an EDA in order to preserve and create jobs, <br />enhance its tax base, encourage development and redevelopment, promote the <br />general welfare of the people of the City and assume primary responsibility for <br />development activities within the City; and <br />WHEREAS, the Council has provided public notice and conducted a public <br />hearing on June 11, 1990, concerning the establishment of an EDA and has fulfilled <br />all other legal requirements for the establishment of an EDA. <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE <br />CITY OF LINO LAKES AS FOLLOWS: <br />1. The Lino Lakes Economic Development Authority is hereby established <br />pursuant to Section 469.091, Subd. 1 of the EDA Act. <br />2. The EDA shall have all of the powers, rights, duties and obligations <br />conferred on economic development authorities by Sections 469.090 to <br />469.108, including the powers of a city granted by the City Development <br />District Act, Minnesota Statutes Sections 469.124 through 469.134 and of <br />1 <br />