Laserfiche WebLink
Item No. a Attachment A <br />EXTRACT OF MINUTES OF MEETING <br />1 <br />OF THE <br />2 <br />BOARD OF COMMISSIONERSOF THE <br />3 <br />ROSEVILLE ECONOMIC DEVELOPMENT AUTHORITY <br />4 <br />5 <br />* * * * * * * * * * * * * * * * * <br />6 <br />7 <br />8Pursuant to due call and notice thereof, a regular meeting of the Board of Commissioners <br />9of the Roseville Economic Development Authority was duly held on the 4thday of <br />10January, 2016, at ___ p.m. <br />11 <br />12The following commissioners were present: <br />13 <br />14 and the following were absent: . <br />15 <br />16Commissionerintroduced the following resolution and moved its adoption: <br />17 <br />RESOLUTION No. 1 <br />18 <br />19 <br />RESOLUTION ACCEPTING TRANSFER OF PROJECTS AND PROGRAMS <br />20 <br />FROM HRA TO EDA; APPROVING CERTAIN ORGANIZATIONAL MATTERS <br />21 <br />22 <br />23WHEREAS, the City Council of the City of Roseville (the “City”) has duly adopted an <br />24Enabling Resolution (Resolution No. 11277) creating the Roseville <br />25Economic Development Authority (the “EDA”) pursuant to Minnesota <br />26Statutes, Chapter 469 (the “Act”); and <br />27 <br />28WHEREAS, the Enabling Resolution provides that the EDA has and may exercise all of <br />29the powers conferred by the Act upon a housing and redevelopment <br />30authority of the City; and <br />31 <br />32WHEREAS, by Resolution No. 11278, and pursuant toSection 469.094, Subdivision 2of <br />33the Act, the City Council transferred the control, authority and operation of <br />34any project definedin Section 469.174, Subdivision 8 (relating to tax <br />35increment financing for such projects) and any other project or program <br />36established by the Housing and Redevelopment Authority in and for the City <br />37of Roseville (the “HRA”) from the HRA to the EDA, subjectto acceptance <br />38by the EDA of such control, authority and operation; and <br />39 <br />40WHEREAS, Section 469.094, Subdivision 2, of the Act provides that when a project or <br />41program is transferred from the HRA to the EDA, the EDA must covenant <br />42and pledge to perform the terms, conditions and covenants of any <br />43agreement of the HRA executed for the security of any bonds issued in <br />44support of the transferred project or program and to perform the terms, <br /> <br />