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housing and redevelopment authority contained in Minnesota Statutes, Sections 469.0u! through 469.047, <br /> as amended, and the powers of a city under Minnesota Statutes, Sections 469.124 through 469.134, as <br /> amended, <br /> 3.02. The sale of all general obligation or revenue bonds of the EDA must be approved by the <br /> Council before such bonds or obligations are issued. <br /> 3.03. The EDA shall follow the budget process for City departments as provided by the City <br /> and as implemented by the Council. <br /> 3.04. All actions of the EDA must be consistent with the adopted comprehensive plan of the <br /> City and any official controls implementing the comprehensive plan. <br /> 3.05. The general budget of the EDA must be transmitted and approved by this Council at the <br /> same time as the City's general budget. <br /> 3.06. Notwithstanding Section 469.101, Subdivision 4 of the Act, the EDA may not take or <br /> attempt to take any property within the City by eminent domain without the prior approval of this <br /> Council. <br /> 3.07 As a means of more clearly setting forth its powers and rules of procedure, at its initial <br /> organizational meeting the EDA "I adopt a set of Bylaws, which shall, among other things, establish <br /> the general policy duties and provide for the appointment of the President, Vice President, Treasurer, <br /> Assistant Treasurer, and Secretary. The initial Bylaws and subsequent amendments thereto must also be <br /> approved by a majority vote of this Council. <br /> Adopted by the Centerville City Council this 12s day of July,2017. <br /> —J,- " 0 <br /> Jei ffirey P 11011" <br /> A EST O' y, 01� <br /> EST: <br /> 'rson.,ir it, <br />