Laserfiche WebLink
REQUEST FOR ECONOMIC DEVELOPMENT AUTHORITY ACTION <br />Date: 01/09/2017 <br />Item No.: 9.a <br />Department Approval Executive Director Approval <br />Item Description: Consider Proposed Amendments to the REDA By-laws and Adopt a <br />Resolution Authorizing the Executive Director to Execute Certain Documents <br />on Behalf of the Roseville Economic Development Authority <br />B <br />ACKGROUND <br />1 <br />On January 4, 2016, the Roseville Economic Development Authority (REDA) adopted by-lawsthat <br />2 <br />guide REDA operations, activities, and meeting schedule. After a year of working with the by-laws, <br />3 <br />staff has concluded that a few provisions could be revised to better support work of the REDA. <br />4 <br />5 <br />Staff reviewed comments from the REDA meeting on November 28, 2016 and incorporated the <br />6 <br />following suggested revisions to the by-laws. <br />7 <br />8 <br />1.The office of Secretary to be held by the Executive Director and who may delegate duties to <br />9 <br />other City Staff as required (line 50-52 of redline by-laws). <br />10 <br />2.Clarify language related to City Manager shall be designated as Executive Director of the <br />11 <br />Authority and duties may be changed at times by an authorized resolution of the Board (line <br />12 <br />84 and 92-94 of redline by-laws). <br />13 <br />3.Meeting schedule will be adopted at the final meeting of each preceding year and Annual <br />14 <br />meeting will be the date of the first regular meeting of the Authority (line 103-111 of redline <br />15 <br />by-laws). <br />16 <br />17 <br />Additionally, staff incorporated the following comments in a resolution (Attachment A) that would <br />18 <br />allow the Executive Director to sign routine documents and agreements in aggregate amounts of less <br />19 <br />than $5,000, which is aligned with City policy.The suggested changes will also allow the <br />20 <br />Executive Director to sign agreements for approved projects by the Board and other documents <br />21 <br />related to the existing Roseville Home Improvement Loan. REDA Attorney Martha Ingram <br />22 <br />recommended that a resolution is the best way to address the specific execution of documents(see <br />23 <br />Attachment A). <br />24 <br />PO <br />OLICYBJECTIVE <br />25 <br />Establishby-laws that guide and support the daily operations of the REDA. <br />26 <br />Page 1 of 2 <br /> <br />