Res. #17-010 - Establishment of the EDA of the City of Centerville

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CITY OF CENTERVILLE, MINNESOTA RESOLUTION NO.„m^dol@`N�, w k��' 1 0”) BE IT RESOLVED by the City Council (the "Council") of the City of Centerville, Minnesota (the "City"), as follows: Section 1. Recitals. 1.01. The City is authorized pursuant to Minnesota Statutes, Sections 469.090 through 469.1082, as amended (the "Act") to establish an economic development authority for the City, and this Council desires to do so in order to promote certain economic, commercial, housing and industrial development and redevelopment goals and objectives. 1.02. This Council hereby finds that the encouragement and financial support of economic development and redevelopment in the City is vital to the orderly development and is in the best interests of the health, safety, prosperity and general welfare of the residents of the City. 1.03. The City has caused notice of a public hearing on the establishment of an economic development authority to be published in the Quad Community Press, a newspaper of general circulation in the City, once each week for two consecutive weeks (June 20 and June 27, 2017), and pursuant to such notice, a public hearing on the proposal has been held by this Council on the date hereof, at which hearing all persons desiring to present their oral or written comments on the proposal were given an opportunity to do so. Section 2. Establishment of Economic Develozs t Au ority. 2.01. Pursuant to the Act, the Council establishes an economic development authority for the City to be known as the Economic Development Authority of the City of Centerville, Minnesota (the "EDA"). 2.02. The EDA shall be governed by a board of commissioners consisting of five members, two of whom shall be members of this Council, and the remaining three shall be residents of the City. The initial appointments of the non -Council EDA commissioners shall be for the following terms: one for three (3) years, one for four (4) years, and one for five (5) years. Thereafter, the terms of the non -Council commissioners shall be six (6) years and until their successors are appointed and qualified. The terms of the Council members serving as EDA commissioners shall coincide with their respective terms of office on this Council. Each commissioner of the EDA who is a member of this Council shall cease to be a commissioner effective at such time as he or she is no longer a member of this Council, and a successor commissioner shall be appointed pursuant to the Act to serve the remainder of the applicable term (if any) so vacated. 3.01. The EDA shall have all powers given to an economic development authority pursuant to the Act, as the same may be amended or supplemented from time to time, including the powers of a