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Home My WebLink About#27 - EDA ApptSTAFF REPORT DATE: July 6, 2021 REGULAR AGENDA ITEM: Economic Development Authority Appointment SUBMITTED BY: Kristina Handt, City Administrator BACKGROUND: The Economic Development Authority (EDA) is a legal entity created by the City to facilitate a well-rounded development program to create flexible business assistance and development programs. The EDA is governed by a board consisting of seven members; two members of City Council, and five of which are real property owners, in good standing, from within the jurisdictional boundary of the City of Lake Elmo, who are appointed by the Mayor with Council approval. Two alternates are also appointed. Currently there are two terms ending 12/31/2023 vacant as well as the two alternate positions. ISSUE BEFORE COUNCIL: Who should the Mayor appoint and Council confirm to the Economic Development Authority? PROPOSAL: Tom Triplett has applied for the EDA and council will be interviewing him at a special meeting prior to the regular meeting on July 6th. OPTIONS: Council may appoint Triplett to the EDA and/or continue to advertise for applicants. RECOMMENDATION: “Motion to appoint Tom Triplett to the Economic Development Authority for a term ending 12/31/23” ATTACHMENTS: • None