Laserfiche WebLink
Item No. 3, Attachment A <br />3.Adoption of By-laws. <br />Before the EDA can conduct any new business, it must adopt by-laws that govern how it <br />will conduct its affairs, including how and when it will elect officers, how and which City <br />staff may be appointed, and other procedural matters. <br />4.Election of Officers. <br />Once the by-laws have been adopted, the EDA may move forward with electing its <br />officers and appointingitsstaff. This allows a definitive President to preside over the <br />remainder of the meeting and also allows the EDA to take formal action to enter into <br />contracts that require execution by EDA officers. <br />5.Adoption of Resolution Accepting TransferofHRA Projects and Programs <br />to EDA <br />On November 30, after the City adopted the resolution establishing the EDA, it adopted a <br />resolution transferring the projects and programs of the HRA to the EDA(the “Transfer <br />Resolution”). The Transfer Resolutionprovides that the City’s transfer of HRA projects <br />and programs to the EDA is subject to the acceptance of such transfer by the EDA. <br />Therefore, before entering into any agreements or conducting any other new business <br />related to the transferred projects and programs, the EDA must formally accept the <br />control and administration of the HRA projects.Once the EDA has adopted this <br />resolution, it may proceed with any new business it may have. <br />472785v1 MNI RS275-10 <br />2 <br /> <br />