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I CITY OF ARDEN HILLS RAMSEY COUNTY RESOLUTION NO. 96-08 RESOLUTION ENABLING THE ESTABLISHMENT OF AN ECONOMIC DEVELOPMENT AUTHORITY WHEREAS, Minnesota Statutes, Chapter 469 authorizes cities to establish economic development authorities ('`EDA") with specified powers and obligations to promote and to provide incentives for economic development and redevelopment; and WHEREAS, the 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 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 January 29, 1995 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 Arden Hills: 1. An economic development authority to be known as the "Economic Development Authority of the City of Arden Hills" with all of the powers, rights,duties, and obligations as set forth in Minnesota Statutes 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 members of the City Council. The Commissioners shall be elected and qualified in the same manner as the members of the City Council. 3. Nothing shall prevent the City from modifying this enabling resolution to improve upon the powers of the EDA or provide for other matters as authorized by Minnesota Statutes, Sections 469.09 to 469.108 or other law. PASSED AND ADOPTED BY THE CITY COUNCIL OFT TY O E HILLS THIS 29th DAY OF JANUARY, 1996. ENMS PR BST,MAYOR ATTEST: BRIA FRITSING R, C ADMINISTRATOR