HomeMy WebLinkAbout1998.06.15 RESO 1998-0021RESOLUTION 1998-21
A RESOLUTION ESTABLISHING
AN ECONOMIC DEVELOPMENT AUTHORITY
WHEREAS, Laws Minnesota 1988, Chapter 678 authorizes the City of Hugo to
establish an Economic Development Authority (the "Authority") pursuant to the
provisions of Minnesota Statutes, Section 469.090 to 469.108, with specified powers and
obligations to promote and to provide incentives for economic development; and
WHEREAS, the City Council of the City of Hugo, Minnesota (the "City") has
determined that it is in its best interest to establish the Authority in order to preserve and
create jobs, enhance its tax base, and to promote the general welfare of the people of the
City, and
WHEREAS, the City has provided public notice and conducted a public hearing on
the proposed adoption of this enabling resolution on June 15, 1998, and has fulfilled all
other legal requirements for the establishment of the Authority,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF HUGO:
1. An Economic Development Authority to be known as the "Economic Development
Authority of the City of Hugo" with all of the powers, rights, duties, and obligations as
set forth in Minnesota Statutes, Sections 469.090 to 469.108, and any other law is
hereby established in and for the City.
2. The Authority shall be governed by a Board of five (5) Commissioners, who shall be
the members of the City Council. The Commissioners shall be elected and qualified in
the same manner as the City Council.
3. Nothing shall prevent the City from modifying this enabling resolution to impose limits
on the powers of the Authority or for providing for other matters as authorized by
Minnesota Statutes, Sections 469.090 to 469.108 or any other law.
Adopted by the City Council this 15th day of June, 1998.
Fran ron, Mayor
ATTEST:
Mary t greager, City Clerk