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RES 90-3 S THE ECONOMIC DEVELOPMENT AUTHORITY FOR THE CITY OF ELK RIVER, MINNESOTA RESOLUTION 90 - 3 The Economic Development Authority for the City of Elk River (the Authority) acting pursuant to its authority under the Minnesota Economic Development Act (Minnesota Statutes Sections 469.124, and et sea. ) hereby finds, determines, resolves as follows: Findings 1 . That the City wishes to continue with its Star City designation. 2. That it is in the best interest of the City to plan for purposes of Economic Development. 3 . That City staff has presented the Economic Development Authority with long range economic development goals, a series • of activities to pursue through a one year work plan for 1990, and five year plan for economic development. RESOLVED A. That the Economic Development Authority for the City of Elk River hereby adopts each and every one of the findings set forth above. B. That the Economic Development Authority for the City of Elk River hereby adopts the one year work plan for 1990 as presented by staff on March 12, 1990. C. That the Economic Development Authority for the City of Elk River hereby affirms its intent to remain a participant of the Star Cities program. The foregoing resolution was introduced by Commissioner Kropuenske and duly seconded by Commissioner Holmgren. The following votes in favor of the resolution: Chairman Tralle, Commissioners Holmgren, Schuldt, Dobel, and Kropuenske The following voted against: None The following were absent: None 411 Whereupon the resolution wa adopted March 12, 1990 . P � P James A. Tralle, President ATTEST: � 7 Patrick D. Klaers, Executive Director •