12-05-11 EDA Packet - Laserfiche WebLink

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- ZEN HILLS MEMORANDUM I DATE: December 5,2011 TO: Honorable Mayor and City Council Members FROM: Patrick Klaers, City Administrator SUBJECT: EDA Meeting Background Mayor Grant requested that the EDA hold a meeting prior to the end of the calendar year. The reason for the meeting is to review and consider the 2012 proposed budget and to discuss the current status and future of the EDA in Arden Hills. Discussion • Hi torn The Economic Development Authority (EDA)has had an interesting history of activity and inactivity in Arden Hills. We are still reviewing EDA documents in order to piece all of the information together. The EDA was established in January 1996, when the City Council approved the Enabling Resolution. This resolution declared the City Council to also be the EDA and for the EDA to have all the powers, rights, duties, and obligations as set forth in MN Statutes. The EDA did not meet in 1996 and its first meeting was on January 13, 1997. The EDA bylaws were approved on April 14, 1997. Also on April 14, 1997,the City Council, in Resolution 97-18, transferred TIF Districts 1, 2 and 3 to the EDA. Between 1997 and 2004, the EDA typically met at least annually to approve its budget. The EDA also met as needed to address TIF District issues and to consider some special projects such as approving a Business Subsidies Policy(Res. 02-01) and authorizing the Indykiewiez appraisal (on March 8, 2004). The City Council established the Economic Development Commission(EDC) on March 8, 2004, and we can find no records of any EDA meeting after this date. Additionally, staff cannot find any comments in any City Council or EDA minutes as to why the EDA stopped meeting.