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5.0. HRSR 01-28-2002 Item 5. City of Elk River MEMORANDUM TO: Housing & Redevelopment Authority FROM: Catherine Mehelich, Director of Economic Development DATE: January 28, 2002 SUBJECT: Annual Meeting Issues The following annual business issues should be considered by the HRA: a. Election of Officers—The HRA bylaws indicate the following offices are to be filled through the election process at the annual meeting of the Authority. The 2001 officers were as follows: • • Chair—Larry Toth • Vice Chair—Stewart Wilson • Secretary—Daryl Thompson b. Appoint Executive Director—The appointment of an executive director is required at the annual meeting of the Authority. In the absence of the designated executive director, an interim executive director should be appointed. Staff recommends the HRA appoint Catherine Mehelich, Director of Economic Development as the HRA's executive director, and City Administrator,Pat Klaers, appointed as the interim executive director. c. Designate Official Nempaper—The HRA's current official newspaper is the Elk River Star News. Staff recommends redesignation of the Elk River Star News as the official HRA newspaper for 2002. d. Designate Official Depositories—Staff recommends designating the following official depositories identical to those designated by the EDA and City Council: • First National Bank of Elk River • 4M Fund • Wells Fargo Bank • The Bank of Elk River • • USBank Staff recommends designating the above-referenced banks and institutions as official depositories for the HRA for 2002.