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CITY 4F ARDEN HILLS RAMSEY COUNTY � RESOLUTION NO. 96-OS RESOLUTION ENABLING THE ESTABLISHMENT OF AN ECONOMIC DEVELOPMENT AUTHOI�TY WHEREAS, Minnesota Statutes, Chapter 469 authorizes cities to establish economic development authorities ("EDA") with specified powers and obligations to prozxiate and to provide incentives for economic development and redevel�pment; and WHEREAS, t1�e City Council of the City of Arden Hills, Minnesota (the "City") has determined that it is in the best interest to establish an EDA in order to preserve and create jobs, enhance its tax base, and ta promote the general welfare ofthe people of the City; and WHEREAS, the City has provided public natice and conducted a public hearing on the propased adoption of this enabling resolution an January 29, 1995 and has fulfilled alI other legal requirements far the establishment of the Authority. � N�W, THEREFURE, BE IT RES�LVED, l�y the City Council o� the City o� Arden Hills: 1. An ecanomic developrnent autharity ta be knowrx as the `Bconorr�ic Develapment Authority of the City af Arden Hills" with all of the powers, rights, duties, azad obligations as set forth in Minnesota Statutes 469.04� to 469.108 and any other law is hereby estabiished in and for the City. 2. The Authority shall be gavern�d by a baard of five (5} commissioners who shall be members of the City Council. The Comtz�issioners shall be elected and qualified in the same manner as the mezr�bers of the City Council. 3. Nothing shall prevent the City from rnodiFying this enabling resolution tv improve upon the powers of the EDA or provide for other matters as authorized by Minnesota Statutes, Sectic�ns 469.49 to 469.108 or o#her law. � PASSED AND ADOPTED BY THE CITY COUNCIL OF T TY O E HILL,S THIS 29th DAY OF JANUARY, ].996. //,�f,,, _/�j�j� ST, MAYOR � ATTEST: � BRIA FRITSING R C ADMINISTRATOR ,