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Resolution 8467 <br /> Page 2 <br /> 2. Establishment of Economic Development Authority. Pursuant to the <br /> Economic Development Authority Act, the Council hereby establishes an economic <br /> development authority for the City, to be known as the Mounds View Economic <br /> Development Authority (the "EDA"). The EDA shall be governed by a board of <br /> commissioners thereof consisting of the five members of the Council, and the term of each <br /> such commissioner of the EDA shall coincide with that commissioner's membership on the <br /> City Council. <br /> 3. Powers. The EDA shall have all powers given to an economic development <br /> authority pursuant to the Economic Development Authority Act, and pursuant to Minnesota <br /> Statutes, Section 469.091, subdivision 1, the specific authority to exercise all the powers <br /> contained in Minnesota Statutes, Sections 469.090 to 469.108 and all the powers granted <br /> to a Housing and Redevelopment Authority pursuant to Minnesota Statutes, Sections <br /> 469.001 to 469.047 or other law, [and of a city under Minnesota Statutes, Sections 469.124 <br /> to 469.133 or other law], as the same may be amended or supplemented. <br /> NOW, THEREFORE, BE IT FURTHER RESOLVED that the Mayor and City <br /> Administrator are hereby authorized and directed to execute all appropriate documents to <br /> effectuate the actions contemplated by this Resolution after review and approval by the <br /> City Attorney. <br /> NOW, THEREFORE, BE IT FINALLY RESOLVED that the Mayor and City <br /> Administrator, staff and consultants are hereby authorized and directed to take any and all <br /> additional steps and actions necessary or convenient in order to accomplish the intent of <br /> this Resolution. <br /> Adopted this 23rd day of November, 2015. <br /> t // <br /> , z;?(Kir <br /> oe Flaherty, Mayor <br /> ATTEST: <br /> James Ericson, City Administrator <br /> (seal) <br />