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Council may create an EDA by passing an enabling resolution. Before adopting the enabling <br /> resolution, the <br /> its must first conduct a public hearing. The enabling resolution establishes a <br /> Board of Commissioners for the EDA. The City Council can choose to serve as the EDA Board <br /> of Commissioners or create a board composed of council members and community members. <br /> The Mayor, with approval of the Council, appoints the Commissioners. The Board may consist <br /> of three, five or seven members who serve six-year terms. The Board is subject to the open <br /> meeting law. <br /> Rural Development FThance Authority (RFDA). A nonprofit corporation established by a <br /> County or group of Counties through special legislation. RFDAs are designed to facilitate the <br /> production and processing of agricultural products and promote jobs in agriculture and natural <br /> resources industries. The board is appointed by the County Board of Commissioners. <br /> Note: Please see appendix for a table comparing selected development laws. <br /> 11.......................................................... <br /> 3 <br />