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4116 <br /> .111 <br /> RESOLUTION NO. <br /> ENABLING RESOLUTION ESTABLISHING THE MOUNDS VIEW ECONOMIC <br /> DEVELOPMENT AUTHORITY UNDER MINNESOTA STATUTES, <br /> SECTIONS 469.090 THROUGH 469. 108 <br /> BE IT RESOLVED by the City Council (the "Council") of the <br /> City of Mounds View, Minnesota (the "City") , as follows: <br /> 1. Recitals. The City is authorized pursuant to <br /> Minnesota Statutes, Sections 469. 090 through 469.108 (the <br /> "Economic Development Authority Act") , to establish an <br /> economic development authority for the City, and the Council <br /> desires to do so in order to promote the economic, <br /> commercial, housing, and industrial development and <br /> redevelopment of the City and in order to consolidate the <br /> activities heretofore undertaken by or on behalf of the City <br /> in those areas. The City has caused notice of a public <br /> hearing on the establishment by the city of an economic <br /> development authority to be published in a newspaper of <br /> general circulation in the City once each week for two <br /> consecutive weeks, and pursuant to such notice, a public <br /> hearing on said question has been held by the Council on the <br /> date hereof, at which hearing all persons desiring to <br /> present their oral or written comments on this proposal were <br /> given an opportunity to do so. <br /> 2. Establishment of Economic Development Authority. <br /> Pursuant to the Economic Development Authority Act, the <br /> Council hereby establishes an economic development authority <br /> for the City, to be known as the Mounds View Economic <br /> Development Authority (the "EDA") . The EDA shall be <br /> governed by a board of commissioners thereof consisting of <br /> the five members of the Council, and the term of each such <br /> commissioner of the EDA shall coincide with that <br /> commissioner's membership on the City Council. <br /> 3. Powers. The EDA shall have all powers given to an <br /> economic development authority pursuant to the Economic <br /> Development Authority Act, as the same may be amended or <br /> supplemented. <br /> Duly adopted by the City Council of the City of Mounds View, <br /> Minnesota, on March 28, 1994. <br /> 223948 <br /> Z d 11769880998 '01\1/170:8 l 'ZS/90:8l 176R 'ZO (Q2M) g1799-EH- 19 'IllVd 'ZS NVU ON SOOIITQ WOU <br />