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• <br /> RESOLUTION NO. 4532 <br /> CITY OF MOUNDS VIEW <br /> COUNTY OF RAMSEY <br /> STATE OF MINNESOTA <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 City of <br /> Mounds View, Minnesota (the "City") , as follows: <br /> 1. Recitals. The City is authorized pursuant to Minnesota <br /> Statutes, Sections 469-.090-through 469 . 108 (the Economic Development <br /> Authority Act") , to establish an economic development authority for <br /> the City, and the Council desires to do so in order to promote the <br /> economic, commercial, housing, and industrial development and <br /> redevelopment of the City and in order to consolidate the activities <br /> heretofore undertaken by or on behalf of the City in those areas. The <br /> City has caused notice of a public hearing on the establishment by the <br /> City of an economic development authority to be published in a <br /> newspaper of general circulation in the City once each week for two <br /> consecutive weeks, and pursuant to such notice, a public hearing on <br /> said question has been held by the Council on the date hereof, at <br /> which hearing all persons desiring to present their oral or written <br /> comments on this proposal were given an opportunity to do so. <br /> 2 . Establishment of Economic Development Authority. Pursuant to <br /> the Economic Development Authority Act, the Council hereby establishes <br /> an economic development authority for the City, to be known as the <br /> Mounds View Economic Development Authority (the "EDA") . The EDA shall <br /> be governed by a board of commissioners thereof consisting of the five <br /> members of the Council, and the term of each such commissioner of the <br /> EDA shall coincide with that commissioner's membership on the City <br /> Council. <br /> 3 . Powers. The EDA shall have all powers given to an economic <br /> development authority pursuant to the Economic Development Authority <br /> Act, as the same may be amended or supplemented. <br /> Adopted by the City Council of the City of Mounds View, <br /> this 28th day of March, 1994 . <br /> ATTEST: <br /> MAYOR <br /> (SEAL). <br /> CITY ADMINISTRATOR <br />