2004.07.19 RESO 2004-0055 - Laserfiche WebLink

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RESOLUTION 2004-55 RESOLUTION MODIFYING AN ENABLING RESOLUTION ADOPTED JUNE 151,1998 RESOLUTION ESTABLISHING THE ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF HUGO BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HUGO, MINNESOTA (THE "CITY") AS FOLLOWS: Section 1. Background and Findings. 1.01. ' The City is authorized by Minnesota Statutes, Chapter 469 (the "Act') and specifically Section 469.091, to establish an economic development authority to coordinate and administer economic development and redevelopment plans and programs of the City of Hugo. 1.02. The City has found and determined that it is in best interests to establish an economic development authority in order to preserve and create jobs, and to promote the general welfare of the people of the City. 1.03. The City has found and determined that the economic development and redevelopment of the City can best be accomplished by the establishment of an economic development authority as authorized by the Act. 1.04. The City Council has provided public notice in accordance with the Act and conducted a public hearing on June 15, 1998, concerning the establishing of an Economic Development Authority at which hearing all persons desiring to express their views were heard. 1.05. The City Council on June 15, 1998 adopted an enabling resolution which established an Economic Development Authority of the City of Hugo (the "EDA"). 1.06. The City Council desires to modify the enabling resolution which is permitted by the Act after notice is given and a public hearing is conducted as required for the original adoption of the enabling resolution. Section 2. Enabling Resolution. 2.01. The EDA shall have all the powers, duties and responsibilities set forth in Sections 469.029 to 469.1082 of the Act and as said Act may be amended from time to time and all other applicable laws, except as limited by this Resolution in Section 3. 2.02. The EDA presently consists of five commissioners who are the members of the City Council. Three of the existing members of the EDA intend to resign at such time as appropriate to cause the EDA to be enlarged to seven commissioners, two of whom shall be City Council members. Upon the adoption of this Resolution the EDA shall consist of a governing body of seven commissioners. Two of the commissioners shall be members of the City Council. All commissioners shall be appointed by the Mayor with the approval of the City Council. Those initially appointed shall be appointed for terns of two, three, four, five, and six years respectively. Thereafter all commissioners shall be appointed for six year terms. A vacancy is created in the membership of the EDA when a City Council member of the EDA ends City Council membership.