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09-29-1980 HR MIN MINUTES OF ORGANIZATIONAL MEETING ID of the HOUSING AND REDEVELOPMENT AUTHORITY of the CITY OF ELK RIVER, MINNESOTA The organizational meeting of the Housing and Redevelopment TIME AND PLACE OF Authority of "Elk River, was held in the City of Elk River, County of MEETING Sherburne, State of Minnesota, at 7:00 p.m., on September 29, 1980, pursuant to the terms and conditions of the Bylaws of the Authority. The following members were present: QUORUM Henry Duitsman Larry Toth Donald Schumacher Frank Madsen Also present by invitation was David C. Sellergren, counsel for the Authority. lip Mayor Frank Madsen, the appointing authority asked that a Temporary CHAIRMAN: SECRETARY Chairman and Secretary pro tem be elected. Frank Madsen was elected Temporary Chairman and David C. Sellergren was elected Secretary pro tem of the meeting. The Secretary presented and read a call and waiver of notice of the CALL AND WAIVER OF meeting and a certificate of service thereof. The Temporary Chairman NOTICE declared that the call and waiver be inserted in the corporate record book immediately preceding the minutes of the organizational meeting of the Housing and Redevelopment Authority of Elk River. The Temporary Chairman stated that the first order of business was APPROVAL OF HOUSING AND approval of a resolution authorizing the organization of the Housing and REDEVELOPMENT AUTHORITY Redevelopment Authority of Elk River. Upon motion duly made and seconded, the following resolution was unanimously adopted: • %, RESOLVED, that the Housing and Redevelopment Authority of Elk River, Minnesota, be and hereby is organized pursuant to the Municipal Housing and Redevelopment Law of Minnesota, and is authorized to transact business and exercise its powers in its area of operation as defined in said law. The next order of business was to consider the proposed Bylaws of ADOPTION OF BYLAWS the Authority as presented by the counsel for the Authority. The pro- posed Bylaws relating to the business of the Authority, the conduct of its affairs, its rights, and/or powers, and the rights and powers of its members were made available to the Commissioners for their examination. Certain amendments were suggested and adopted. Upon motion duly made and seconded, the following resolution was unanimously adopted: RESOLVED, that the Bylaws presented to the Authority by counsel for the Authority, as amended by the Commissioners, be and hereby are adopted as and for the Bylaws of the Authority and the Secretary is directed to certify said Bylaws and cause the same to be inserted in the minute book. 410 The Temporary Chairman declared that it would be appropriate at this ELECTION OF time to elect officers of the Authority as provided for in the Bylaws. OFFICERS Upon motion duly made and seconded, the following resolution was unani- mously adopted: WHEREAS, the Bylaws of the Authority provide for the election of officers; NOW, THEREFORE, IT IS HEREBY RESOLVED, that the following individuals are hereby elected to the office set forth after their names until their successors are duly elected and qualified: Frank Madsen Chairman Donald Schumacher Vice Chairman Henry Duitsman Secretary The next order of business was the consideration of the time of REGULAR MEETINGS regular meetings of the Authority. After discussion, the second Monday of March, June, September, and December, was agreed upon as the date for the regular meeting. toThe Authority turned to the consideration of reimbursing officers of EXPENSES the Authority for expenditures made on behalf of the Authority. The Chairman stated it is expected that certain officers of the Authority will incur expenses on behalf of the Authority. Travel expenses incurred by the Commissioners including mileage, meals and lodging shall be reim- bursed by the Authority. Upon motion duly made and seconded, the follow- ing resolution was unanimously adopted: RESOLVED, that the Commissioners shall be reimbursed for such expenses upon the presentation of expense accounts except for expenses which are not susceptible to usual accounting methods employed by the Authority for which the Commissioners shall not be entitled to reimbursement. The Authority then considered the necessity of designating a depo- DEPOSITORY sitory for the funds of the Authority. Upon motion duly made and seconded, the following resolution was unanimously adopted: • RESOLVED, that the Bank of Elk River designated in the cor- porate resolution attached hereto and made a part hereof by reference is hereby designated as a depository of the Authority and the terms and conditions of said banking resolution are hereby adopted. The Chairman and Secretary are hereby autho- rized and directed to execute said banking resolution and such other documents as the depository may require to implement this resolution. The Chairman announced that the next item on the agenda was consi- INSURANCE deration of insurance for the officers and directors. He stated that City policies should endorse officers and directors liability insurance to cover members of the Authority. The next order of business was the discussion of an official news- NEWSPAPER paper for the Authority. After discussion, the Sherburne County Star News was approved as the official newspaper of the Authority. The last item of business to be considered was a budget request to BUDGET be given to the City Council. A $5,000 request to the City Council was approved. In addition, the Authority discussed the necessity of addi- tional funding if projects were undertaken. To allow for this possibil- ity, the Authority resolved to request an increase in the City Council's contingency fund. There being no further business to be transacted, upon motion duly ADJOURNMENT made and seconded, the meeting was adjourned. -_47 (e°el-' '''7/ --- /617/k enry D4tsman, Secretary Frank Madsen, Chairman V 4 CALL AND WAIVER OF NOTICE of ORGANIZATIONAL MEETING of the HOUSING AND REDEVELOPMENT AUTHORITY of the CITY OF ELK RIVER, MINNESOTA We, the undersigned, being all of the commissioners of the HOUSING AND REDEVELOPMENT AUTHORITY OF ELK RIVER, MINNESOTA as of this date, do hereby call a meeting of the Housing and Redevelopment Authority of Elk River, Minnesota, to be held at Elk River, in the County of Sherburne, State of Minnesota, on September 29, 1980, at 7:00 p.m. , for the purpose of organizing said Housing and Redevelopment Authority, adopting Bylaws, electing officers and to take such other action concerning the organization of said Housing Authority as the mem- bers thereof may determine. We do hereby waive all other and further notice of the time, place, and purpose of said meeting, and consent to the transaction of whatever business may come before said meeting. Dated: September 29, 1980 4 q cti2..._.,,._, my D[iitsman arry T h S1 Donald Schumacher --t4/(Al k--77/1 Frank Madsen