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6.2 EDSR 01-21-2014 elf Request for Action River To Item Number Economic Development Authority 6.2 Agenda Section Meeting Date Prepared by General Business January 21, 2014 Brian Beeman,Director of Economic Development Item Description Reviewed by Annual Meeting Election of Officers and Establish Jeremy Barnhart, Deputy Director, CODD Terms for Chair,Vice Chair,and Secretary Reviewed by Action Requested Appoint by motion the EDA President,Vice President,Treasurer, Secretary,and Assistant Treasurer for 2014. Background/Discussion As per EDA Bylaws, the officers of the Economic Development Authority shall consist of a President, Vice President,Treasure, Secretary,and Assistant Treasurer. The offices of President and Vice President may not be held by the same Commissioner concurrently. President: The President,who shall be selected from among the Commissioners, shall preside at all meetings of the Commissioners, and shall have general charge of and control over the affairs of the Authority subject to the approval of the Commissioners. Vice President: The Vice President,who shall be selected from among the Commissioners, shall preside at all meetings of the Commissioners in the absence of the President and shall perform such duties as may be assigned to him by the Commissioners. In case of death,retirement,resignation, or disability of the President, the Vice President shall perform and be vested with all the duties and powers of the President. Treasurer: The Treasurer,who shall be selected from among the Commissioners, shall receive and is responsible for Authority money and for acts of the Assistant Treasurer.The Treasurer shall disburse authority money by check only and keep an account of the source of all receipts and the nature,purpose, and authority of all disbursements. By March 31 of each year, the Treasurer shall file with the Secretary detailed financial statements of the Authority covering the financial operations of the Authority during the twelve (12) month period ending on December 31 of the current year. The Treasurer shall provide a bond as required by law. Secretary: The Secretary shall be responsible for taking and preparing minutes of each meeting of the Authority. Further, the Secretary shall be responsible for maintaining any appropriate files as deemed necessary by the Commissioners,including files of the minutes,publications of meetings, and meeting agenda. The Secretary shall also perform such functions as may be deemed necessary by the President. rill f T Assistant Treasurer: The Assistant Treasurer shall have the powers and duties of the Treasurer if the Treasurer is absent or disabled. The current officers are: President: Dan Tveite Vice President:: Pat Dwyer Treasurer: Matt Westgaard Secretary: Paul Motin Assistant Treasurer: Bryan Provo Financial Impact N/A Attachments • N/A N:\Departments\Community Development\Economic Development\EDA\Adminstrative\Agenda\EDA Agenda\Year2014\1-21-2014\6.2 sr Election of Officers.docx