Laserfiche WebLink
REQUEST FOR ECONOMIC DEVELOPMENTAUTHORITY ACTION <br />Date:January 4, 2016 <br />Item No.:9 <br />Department ApprovalExecutive Director Approval <br />Item Description:Election of the Roseville Economic Development Authority Officers <br />B <br />ACKGROUND <br />1 <br />Once the by-laws have been adopted, the Roseville Economic Development Authority (REDA) <br />2 <br />may move forward with the election of officers and appointment ofstaff. This will allow for the <br />3 <br />electedPresident to preside over the remainder of the meeting and allow the REDA to take formal <br />4 <br />action to enter into contracts that require execution by the REDA. <br />5 <br />The REDA needs to elect a President, a Vice President, a Treasurer,anda Secretaryat the annual <br />6 <br />meeting. The proposed by-laws designatethatthe office of Assistant Treasurerbe held by the <br />7 <br />City’s Finance Director. A commissioner maynot serve as President and Vice President at the <br />8 <br />same time, butthe other offices may be held by the same commissioner. The offices of President, <br />9 <br />Vice President and Treasurer must beheld by a commissioner. The by-laws provide for the office <br />10 <br />of Secretary to be held by the Executive Director, who may delegate duties to other City staff as <br />11 <br />required. <br />12 <br />REDA attorney Martha Ingram from Kennedy and Graven has been providing guidance on the <br />13 <br />legal oversight of conducting the first meeting of the REDA. Ingram will be at the first meeting <br />14 <br />and will be available for questions. <br />15 <br />16 <br />PO <br />OLICYBJECTIVE <br />17 <br />This is a step in implementing the City Council’s policy direction to create an EDA. <br />18 <br />19 <br />BI <br />UDGET MPLICATIONS <br />20 <br />Staff and legal services have been necessary toestablish the REDA. <br />21 <br />22 <br />SR <br />TAFF ECOMMENDATION <br />23 <br />Commissioners should elect the following officer positions: <br />24 <br />President <br />25 <br />Vice President <br />26 <br />Treasurer <br />27 <br />Secretary <br />28 <br />29 <br />Election of Roseville Economic Development AuthorityOfficersPage 1of 2 <br /> <br />