7.1. EDSR 01-22-2019Request for Action
To Item Number
Economic Development Authority 7.1
Agenda Section Meeting Date Prepared by
General Business January 22, 2019 Amanda Othoudt, EDD
Item Description Reviewed by
Annual Meeting Election of Officers for Chair, Cal Portner, City Administrator
Vice Chair, and Secretary
Reviewed by
Action Requested
Appoint, by motion, the EDA President, Vice President, Treasurer, Secretary, and Assistant Treasurer for
2019.
Background/Discussion
EDA Bylaws identify five officer positions president, vice president, treasurer, secretary, and assistant
treasurer. The offices of president and vice president may not be held by the same commissioner
concurrently.
President: 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: 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 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: 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: Shall be responsible for taking and preparing minutes of each meeting. Further, 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.
The Elk River Vision
A welcoming community with revolutionary and spirited resourcefulness, exceptional
service, and community engagement that encourages and inspires prosperity
Assistant Treasurer: Shall have the powers and duties of the treasurer if the treasurer is absent or disabled.
The following were 2018 officers:
President – Dan Tveite
Vice President – Jennifer Wagner
Secretary – Nate Ovall
Treasurer – Matt Westgaard
Assistant Treasurer – Bryan Provo
Financial Impact
N/A
Attachments
N/A