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] <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />46 <br />Attachment A <br />business and shall keep a record of attendance at its meetings and/or resolutions, <br />transactions, findings, and determinations showing the vote of each member on each <br />question requiring a vote, or if absent or abstaining from voting, indicating such fact. The <br />records of the EDA shall be a public record, except for those items classified by law as <br />nonpublic data. <br />2.03. The EDA shall meet at least annually. Special meetings may be called by <br />the president as needed. <br />2.04. All administrative procedures, including contract for services, purchases <br />of supplies, and financial transactions and duties, shall be outlined in the bylaws of the <br />EDA. <br />Section 3. Staff. <br />3.01. The City Manager shall be designated as Executive Director of the EDA. <br />3.02. Subject to limits set by the appropriations or other funds made available, <br />the EDA may employ such staff, technicians, and experts as may be deemed proper, and <br />may incur such other expenses as may be necessary and proper for the conduct of its <br />affairs. <br />Section 4. Functions, Powers, and Duties. <br />4.01. Except as specifically limited by the provisions of Section 6 of this <br />Enabling Resolution, the EDA shall have the authority granted it pursuant to the EDA <br />Act. <br />4.02. The EDA may be a limited partner in a partnership whose purpose is <br />consistent with the EDA's purpose. <br />4.03. The EDA may issue general obligation bonds and revenue bonds when <br />authorized by the Ciry Council and pledge as security for the bonds the full faith, credit, <br />and resources of the City or such revenues as may be generated by projects undertaken by <br />the EDA. <br />4.04. The EDA may cooperate with or act as agent far the federal or state <br />government or a state public body, or an agency or instrumentality of a government or <br />other public body to carry out the powers granted it by the EDA Act or any other related <br />federal, state, or local law in the area of economic development district improvement. <br />4.05. The EDA may annually develop and present an economic development <br />strategy and present it to the City Council for consideration and approval. <br />4.06. The EDA may join an official, industrial, commercial, or trade association <br />or other organization concerned with such purposes, hold reception of officials who may <br />3 <br />