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<br /> <br />tervi{{e <br /> <br />~ta6{isfied 1857 <br /> <br />1880 'Main Street . Centervi[[e, 'M:N 55038 <br />(651) 429-3232 . pa.:c(651) 429-8629 <br /> <br />STATE OF MINNESOTA <br /> <br />COUNTY OF ANOKA <br /> <br />CITY OF CENTERVILLE <br /> <br />RESOLUTION #06-046 <br /> <br />RESOLUTION ESTABLISHING AN ECONOMIC DEVELOPMENT AUTHORITY <br /> <br />BE IT RESOLVED by the City Council of the City of Centerville, Minnesota (City) as <br />follows: <br /> <br />Section 1. Background: Findings. <br /> <br />1.01. The City is authorized by Minnesota Statutes, Chapter 469 (Act) to establish an <br />Economic Development Authority (EDA) to coordinate and administer economic development <br />and redevelopment plans and programs of the City. <br /> <br />1.02. It is found and determined by the City Council that the encouragement and financial <br />support of economic development and redevelopment in the City is vital to the orderly <br />development and financing of the City and in the best interests of the health, safety, prosperity <br />and general welfare of the citizens of the City. <br /> <br />1.03. It is further found and determined that the economic development and redevelopment of <br />the City can best be accomplished by the establishment of an EDA as authorized by the Act. <br /> <br />1.04. The City Council has in accordance with the Act provided public notice and conducted a <br />public hearing on October 25, 2006 concerning the establishing of an EDA at which all persons <br />wishing to be heard expressed their views. <br /> <br />Section 2. Enabling Resolution. <br /> <br />2.01. The Economic Development Authority of the City of Centerville (EDA) is hereby <br />established. <br /> <br />2.02. The EDA consists of a governing body of seven commissioners, five of whom shall be <br />members of the City Council and serve as Commissioners of the EDA for terms coinciding <br />with their terms as members of the City Council. The other two commissioners shall be City <br />residents appointed by the Council to serve as commissioners for four-year terms. They may be <br />reappointed once for a total of two full terms [maximum 8 years]. The EDA has all the powers <br />and duties set forth in Section 469.090 to 469.108 of the Act and other law, except as limited <br />by this resolution. <br />