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Home My WebLink AboutResolution 4532 . . . RESOLUTION NO. 4532 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA ENABLING RESOLUTION ESTABLISHING THE MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY UNDER MINNESOTA STATUTES, SECTIONS .469.090 THROUGH 469.108 BE IT RESOLVED by the City Council (the "Council") of the City of Mounds View, Minnesota (the "City"), as follows: 1. Recitals. The City is authorized pursuant to Minnesota Statutes, Sections 469.090 through 469.108 (the Economic Development Authority Act"), to establish an economic development authority for the City, and the Council desires to do so in order to promote the economic, commercial, housing, and industrial development and redevelopment of the City and in order to consolidate the activities heretofore undertaken by or on behalf of the City in those areas. The City has caused notice of a public hearing on the establishment by the City of an economic development authority to be published in a newspaper of general circulation in the City once each week for two consecutive weeks, and pursuant to such notice, a public hearing on said question has been held by the Council on the date hereof, at which hearing all persons desiring to present their oral or written comments on this proposal were given an opportunity to do so. 2. Establishment of Economic Development Authority. Pursuant to the Economic Development Authority Act, the Council hereby establishes an economic development authority for the City, to be known as the Mounds View Economic Development Authority (the "EDA"). The EDA shall be governed by a board of commissioners thereof consisting of the five members of the Council, and the term of each such commissioner of the EDA shall coincide with that commissioner's membership on the City Council. 3. Powers. The EDA shall have all powers given to an economic development authority pursuant to the Economic Development Authority Act, as the same may be amended or supplemented. Adopted by the City Council of the City of Mounds View, this 28th day of March, 1994. ATTEST: (SEAL)