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<br /> <br />tervi{{e <br />Tsta6CisW 1857 <br /> <br />1880 9vtain Street . Centervi/le,!M!J{ 55038 <br />(651) 429-3232 . P47((651) 429-8629 <br /> <br />STATE OF MINNESOTA <br />COUNTY OF ANOKA <br />CITY OF CENTERVILLE <br />RESOLUTION f#01-XXX <br />RESOLUTION REPEALING PRIOR RESOLITlON AND RE-ESTABLISBING AN <br />ECONOMIC DEVELOPMENT AUTHORITY <br />BE IT RESOLVED by the City Council of the City of Centerville, Minnesota (City) as <br />follows: <br /> <br />Section I. Background: Findings. <br /> <br />1.01. The City is authorized by Minnesota St.atutes, Chapter 469 (Act) to establish an <br />Economic Development Authority (EDA) to coordinate and adminiflter 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 financia1 <br />support of economic development and redevelopment in the City is vital to the orderly <br />developmeut and financing of the City and in the best interests of the health, safetyll prosperity <br />and general welfare of the citizens of the City. <br /> <br />1.03. It is finther 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 2511 200611 concerning the establishing of an EDA at which aU <br />persons 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 CenterviIle (EDA) is hereby <br />established. <br /> <br />2.02. The BOA 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 sbaUbe City <br />residents or individuals conducting businesses in the city appointed by the Council to serve as <br />commissioners for four-year terms (except that initial appointments sball be for two years and <br />for four years in order to stagger the terms). They may be reappointed once for a total of two <br /> <br />1/2 <br />