2A, Economic Development Authority

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EN HILLS MEMORANDUM DATE: February 21,2012 TO: Honorable Mayor and City Council be s FROM: Patrick Klaers, City Administrato SUBJECT: Economic Development Authority (EDA) Backeround The Arden Hills Economic Development Authority (EDA)was established in 1996. The EDA is governed by five commissioners who are the members of the City Council. The EDA has adopted By-Laws. The City Council transferred TIF Districts and all economic development programs to the EDA. The EDA stopped holding meetings in 2004. Discussion Prior to the December 5, 2011 EDA meeting, Councilmembers/Commissioners Holmes, Werner and Tamble had never participated in an Arden Hills EDA meeting. At this February work session, the City Council needs to: (1)have a brief review of the history of the Arden Hills EDA, (2) discuss the responsibilities of the Arden Hills EDA, and (3) consider the issues that the EDA needs to address. Council and staff should discuss if the City needs an EDA; and if the answer is "yes", then going forward the EDA will need to review its work plan for the next year or two. Steve Bubul, from Kennedy and Graven, has worked for the City on TIF Districts, as a legal consultant for the TCAAP development agreement, and as our Bond Counsel. Sue Iverson, Director of Finance and Administrative Services, has worked with Steve on these City projects/activities. Steve and Sue will be presenting most of the EDA information at this work session. Attachments Memo from Sue Iverson Two Memos from Steve Bubul City Resolution 96-08 establishing an EDA EDA Resolution 97-01 adopting EDA By-Laws EDA By-Laws City Resolution 97-18 transferring TIF Districts and programs to the EDA Adopted 2012 EDA budgets Draft 12/15/11 EDA Meeting Minutes City Council MeetingPAAdmin\Counci1\Agendas&Packet Information\2012\01-30-12 Reg Mtg\Packet information Page 1 of 1