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REQUEST FOR ECONOMIC DEVELOPMENT AUTHORITY ACTION <br />Date: 01/09/2017 <br />Item No.: 9.b <br />Department Approval Executive Director Approval <br />Item Description: Elect REDA officers <br />B <br />ACKGROUND <br />1 <br />State Statute 469.096, Subdivision 2 requires an Economic Development Authority to elect a <br />2 <br />President, a Vice President, a Treasurer, Secretaryand an Assistant Treasurerat an annual meeting. <br />3 <br />The by-laws designate that the officeof Secretary be held by the Executive Director and the <br />4 <br />Assistant Treasurer be held by the City’s Finance Director. A Commissioner may not serve as <br />5 <br />President and Vice President at the same time, butthe other offices may be held by the same <br />6 <br />Commissioner. The offices of President, Vice President and Treasurer must be held by a <br />7 <br />Commissioner. The by-laws provide for the office of Secretary to be held by the Executive Director, <br />8 <br />who may delegate duties to other City staff as required. <br />9 <br />PO <br />OLICYBJECTIVE <br />10 <br />State Statute 469.096 subdivision 2 requires the annual election of officers. <br />11 <br />12 <br />BI <br />UDGET MPLICATIONS <br />13 <br />There are no budget implications for Election of Officers for the REDA. <br />14 <br />15 <br />SR <br />TAFF ECOMMENDATION <br />16 <br />Commissioners should elect the following officer positions per State Statute 469.096, Subdivision 2. <br />17 <br />President <br />18 <br />Vice President <br />19 <br />Treasurer <br />20 <br />Secretary <br />21 <br />Assistant Treasurer <br />22 <br />23 <br />24 <br />RREDABA <br />EQUESTED OARD CTION <br />25 <br />Motion to elect a President, Vice President, Treasurer, Secretary and Assistant Treasurerof the <br />26 <br />Roseville Economic Development Authority. <br />27 <br />Prepared by:Jeanne Kelsey,Housing and Economic Development Program Manager,651-792-7086 <br />Page 1 of 1 <br /> <br />