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<br /> <br />tervi{{e <br />T.sta6Cis/id 1857 <br /> <br />1880 9dain Street . Centervilfe, 9.1!J{ 55038 <br />(651)429-3232 . P~(651)429-8629 <br /> <br />STATE OF MINNESOTA <br />COUNTY 0:, ANOKA <br />CITY OF CENTERVILLE <br /> <br />RESOLUTION t#07-OJX. Jq <br /> <br />AMENDED AND RESTATED RESOLUTION ESTABUSHING AN ECONOMIC <br />DEVELOPMENT AUTHORITY <br /> <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 Statutes, Chapter 469 (Act) to establish an <br />Economic Development Authority (EDA) to ooordinate 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 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 <br />persons wishing to be heard expressed their views and Resolution No. 06-046 was adopted on <br />said date, which established the EDA <br /> <br />1.05. The City Council has in accordance with the Act provided public notice and conducted a <br />public hearing on May 23, 2007 concerning the Amended and Restated Resolution establishing <br />an EDA at which all 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 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 /> <br />I' <br />