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REDA Meeting Minutes — Monday, November 28, 2016 Page 2 President Roe noted at the institution of the REDA, action was taken in accordance with the by-laws for designation as appropriate. Member Etten sought further clarification for the Executive Director and President in their roles; and noted changes in that clause that may be needed as part of other changes being discussed tonight. Member Etten also questioned if there was a distinction regarding what types of documents were being referred to and whether or not signing and authorization could occur under or over a particular monetary amount without further REDA approval. Ms. Collins advised that Executive Director Trudgeon's and her consultation with EDA Attorney Ingram, the original enabling resolution stipulated the roles for the officers and the Authority itself. Ms. Collins noted that and was also addressed in the draft resolution (Attachment A— lines 47 — 68). Ms. Collins noted these were outlined in statutory requirements for an EDA. President Roe referenced Article 3(The Officers) of the by-laws as referenced in the staff report (page 1, italicized language), agreeing that Member Etten's points were valid in that similar language on the top of page 3 appeared to be contradictory regarding the Executive Director and President in signing documents. President Roe asked that staff review the clauses to ensure their consistency, including the language on the top of page 3 and Section II on page 1 as to signing of documents, deeds, or particular instruments. Ms. Kelsey advised that, in her conversations with EDA Attorney Ingram, Ms. Ingram recommended retaining standard EDA by-laws in keeping with statutory requirements; and making any modifications via a resolution. Ms. Kelsey noted one other document was the previously referenced enabling resolution that essentially governs the REDA and was referred to in the by- laws and would be deferred to. Ms. Kelsey reported that she had requested Ms. Ingram to attend the December 5, 2016 REDA meeting to explain the rationale in modifying certain sections of the by-laws at this time, as well as for requesting an additional resolution for other pending amendments. Given the number of concerns raised tonight, Executive Director Trudgeon suggested tabling action tonight for a better understanding at the December 5, 2016 meeting. President Roe reiterated Member Etten's question regarding language of the resolution (lines 31 — 39) for expenditures over $50,000 versus the $5,000 limit for the City Council. President Roe stated that he too wanted to understand the justification for that, and whether the higher limit was related to land � transactions. President Roe asked that EDA staff also clarify that distinction on December Stn