Economic Development Authority

In 1997-1998, the City Council considered the benefits of forming an Economic Development Authority.  On January 6, 1998, the City Council adopted the following Resolution No. 98-1, establishing an Economic Development Authority:
 

RESOLUTION 98-1

WHEREAS, the City Council of the City of Ham Lake, Anoka County, Minnesota, has considered the benefits of forming an Economic Development Authority pursuant to the provisions of Minnesota Statutes Chapter 469.091 through 469.1081, and

WHEREAS, pursuant to notice duly published in a legal publication of the City, which publications occurred on December 19, 1997, and December 26, 1997, a Public Hearing was conducted by the City Council on January 6, 1998, at 8:00 pm, pursuant to the provisions of Minnesota Statutes Chapter 469.093,

NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF HAM LAKE, ANOKA COUNTY, MINNESOTA, AS FOLLOWS:

I. Enabling Resolution Establishing Economic Development Authority (EDA)

This resolution is intended to serve as the enabling resolution as required by and as described in Minnesota Statutes Chapters 469.091 and 469.092. There is hereby established an Economic Development Authority (EDA) in and for the City of Ham Lake, Minnesota, to enjoy all of the powers, and subject to all of the duties of an economic development authority under the provisions of Minnesota Statutes Chapter 469.091 through 469.1081 (hereafter referred to as the "statutory framework"), and under the specific provisions of this enabling resolution.

II. Powers

The EDA shall enjoy all of the powers conferred upon economic development authorities within the statutory framework, subject to the provisions of this enabling resolution.

  1. The EDA shall not exercise the powers or functions of a Housing and Redevelopment Authority as found in Minnesota Statutes Chapter 469.001 to 469.047.
  2. So long as the enabling resolution and any amendments thereto establish the composition of the members of the EDA as being the incumbent members of the Ham Lake City Council, no action of the EDA shall require approval of the City Council, unless required by City Charter or provisions of the laws of any other jurisdiction.

III. Transfer of Reserves

Upon direction of the City Council, and unless previously pledged by the EDA, the EDA shall, from time to time, transfer portions of any cash reserves generated by activities of the EDA which the City Council has determined are not necessary for the successful operation of the EDA, to the debt service fund of the city, to be used solely to reduce tax levies for bonded indebtedness of the city.

IV. Composition of Membership

The EDA shall consist of five members, who shall be the incumbent Mayor and four
incumbent city council members of the Ham Lake City Council. In the event of a

vacancy on the EDA created by a vacancy on the City Council, the vacant seat shall remain vacant until the vacancy on the City Council has been filled. The membership on the EDA shall be ex officio, and shall commence with the taking of an oath of office as a Mayor or city council member, with no appointment necessary. The termination of membership in the EDA shall likewise terminate at the expiration or other termination of a member's term as Mayor or city council member.

  1. Meetings and Officers

All regular and special meetings of the Ham Lake City Council shall also be deemed to be meetings of the EDA, provided that the EDA meeting is listed as an agenda item on the posted agenda of the City Council Meeting. If the EDA meeting is listed as an agenda item on the posted agenda of the Ham Lake City Council, the City Council shall recess its meeting at the time of consideration of the EDA business, and separate minutes shall be kept for the EDA meeting. Minutes of previous EDA meetings may be approved at any subsequent city council meeting, regardless of whether or not EDA business is listed on the posted agenda for that meeting.

The officers of the EDA shall be as required by Minnesota Statutes Chapter 469.096. The duties of the Treasurer as defined in Minnesota Statutes Chapter 469.096, Subd. 4, shall be delegated to the Assistant Treasurer. The Assistant Treasurer and Secretary of the EDA shall be paid employees of the City of Ham Lake, to be appointed annually by the EDA.

  1. Organizational Meeting

At the first meeting of each calendar year, the EDA shall elect officers and make such other appointments as are required. In addition, the EDA shall determine whether or not to recommend any modifications to this enabling resolution and if so, shall make such recommendations within 60 days of the anniversary date of the adoption of this resolution, pursuant to Minnesota Statutes Chapter 469.092, Subd. 3. Upon a failure to so recommend, such failure shall be deemed to be a decision by the EDA to make no recommendations for changes in this resolution.

Adopted by unanimous vote of the Ham Lake City Council this 6th day of January, 1998.