2B, Amendments to Economic Development Authority By-Laws

Home Browse Search

-2- Section 2.4. Secretary-Treasurer. The Secretary-Treas4 er shall be the City Administrator. The Secretary- Treasure shall reGei-ve-and be ro nnnsihle fe Autherity mGRey, shall disburse Authority money by ohenk or telenhenin transfer, Loon an anooi nt of all Authority reneints and disbursements and the nature and purpose-relat therete, shall file all financial reports and disnlosYre required of the Authority, make investments consistent with the Gity's investment , and be responsible for the acts of the Se# ellerTreasurer and have all the powers and duties of the Treasurer if the Treasurer is absent or disabled. The Secretary Tree shall also keep minutes of all meetings of the Board and shall maintain all records of the Authority. The Secretary Tree shall have such additional duties and responsibilities as the Board may from time-to-time and by resolution prescribe. Section 2.5. Centrolle Treasurer. The Se# sllerTreasurer shall have all the powers and duties of the Secretary-Treasurer if the Secretary T-,+ea u%f is absent or disabled. The See#Felle Treasurer shall be the Director of Finance and Administrative Services Gity AGGGURtant. The Treasurer shall receive and be responsible for Authority money, shall disburse Authority money by check or telephonic transfer, keep an account of all Authority receipts and disbursements and the nature and purpose relating thereto, shall file all financial reports and disclosures required of the Authority, make investments consistent with the Cit 's Investment Policy. Section 2.6. Executive Director. The City's Community Development Director shall be the Executive Director of the Authority, and shall have such additional responsibilities and authority as the Board may from time-to-time by resolution prescribe. Section 2.7. Advisory Committees. The Authority may by resolution establish one or more advisory committees to the Authority. 3. PROCEDURES OF BOARD OF COMMISSIONERS Section 3.1. Annual Meeting. The annual meeting of the Board shall be held at 5:30 7:00 p.m. on the last Monday of the month of January in each year. Section 3.2 Regular Meetings.