HomeMy WebLinkAboutResolution Organizing the EDARESOLUTION ORGANIZING THE ECONOMIC
DEVELOPMENT AUTHORITY OF THE CITY OF LAKE ELMO, MINNESOTA
IT IS HEREBY RESOLVED by the Board of Commissioners (the “Board”) of the Economic
Development Authority of the City of Lake Elmo, Minnesota (the “EDA”) as follows:
1. Recitals.
a. On July 11, 2013 the City of Lake Elmo, Minnesota (the “City”), acting through its
City Council, adopted an enabling resolution establishing the EDA pursuant to
Minnesota Statutes, Sections 469.090 through 469.108.
b. The Board wishes to provide for the basic organization of the EDA, including
appointment of officers and adoption of Bylaws.
2. Adoption of Bylaws and Appointment of Officers. The Board hereby (1) approves the
Bylaws of the EDA, as presented on the date hereof for the Board’s consideration, and (2)
appoints and approves the following officers of the EDA (Note: the offices of President,
Vice-President, and Treasurer must be held by Boardmembers, but the offices of Secretary
and Assistant Treasurer need not be; the offices of President and Vice-President must be held
by different persons):
President: __________________________
Vice-President: __________________________
Secretary: __________________________
Treasurer: __________________________
Assistant Treasurer: __________________________
The President shall be the chief presiding officer of the Board and shall have such other
responsibilities as may be required by law or conferred on the President by resolution of the Board. In the
absence of the President, the Vice-President shall assume all of said responsibilities of the President. The
offices of President, Treasurer, and Secretary shall be elected annually, as required by law. The Secretary
shall act as the chief recording officer for the Board and shall maintain a file of minutes of Board
meetings and resolutions.
In accordance with Minnesota Statutes, Section 469.096, Subdivision 8, all checks of the EDA
shall be signed by the Treasurer and the Assistant Treasurer and shall state the nature of the claim for
which the check is issued. As required by law, the EDA shall adopt an official seal.
3. Regular Meetings of the Board. The Board’s regular meetings shall be held at such times as
the Board may designate.
The following Boardmembers were present:
and the following were absent:
The motion for adoption of the foregoing resolution was introduced by Boardmember
________________________ and was duly seconded by Boardmember ________________________
and upon vote being taken thereon, the following voted in favor thereof:
and the following voted against the same:
whereupon the resolution was declared duly passed and adopted and was signed by the President and
Secretary.
Adopted by the Board of Commissioners on July 11, 2013.
By: _______________________________
President
Attest: ___________________________
Secretary
STATE OF MINNESOTA )
COUNTY OF WASHINGTON ) SS
ECONOMIC DEVELOPMENT )
AUTHORITY OF THE CITY )
OF LAKE ELMO, MINNESOTA )
I, the undersigned, being the duly qualified and acting Secretary of the Economic Development
Authority of the City of Lake Elmo, Minnesota, do hereby certify that I have carefully compared the
attached and foregoing extract of minutes of a regular meeting of the Board of Commissioners held on
July 11, 2013, with the original minutes on file in my office and the extract is a full, true and correct copy
of the minutes insofar as they relate to a Resolution Organizing the Economic Development Authority of
the City of Lake Elmo, Minnesota.
WITNESS my hand officially as Secretary on July 11, 2013.
____________________________________
Secretary