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RES 19-01ECONOMIC DEVELOPMENT AUTHORITY FOR THE CITY OF ELK RIVER COUNTY OF SHERBURNE STATE OF MINNESOTA RESOLUTION NO. 2019- 01 RESOLUTION APPROVING AMENDMENT OF BYLAWS WHEREAS, the Board of Commissioners (the "Board") of the EDA has considered proposed amendments to its Bylaws; and WHEREAS, the Board has determined that it is reasonable, expedient and in the best interest of the public and City to amend the Bylaws of the EDA; and WHEREAS, Article 5 of the Bylaws provides for amendments to the Bylaws by majority vote of the Board at any regular or special meeting of the Authority, provided that a copy of the proposed amendment has been delivered to each Commissioner and each member of the City Council of the City prior to the meeting at which such amendment is considered; and WHEREAS, the amended Bylaws proposed by this Resolution were delivered to each Commissioner and each member of the City Council of the City prior to the date hereof. NOW THEREFORE, BE IT RESOLVED by the Board of Commissioners of the Economic Development Authority for the City of Elk River as follows: The Authority's Bylaws are amended in the form on file with the EDA. 2. The Board hereby approves the amended Bylaws. 3. The amended Bylaws are effective upon adoption of this Resolution. Approved by the Board of Commissioners of the Economic Development Authority of the City of Elk River this 18'h day of March, 2019. President A T: E e ector 559737v1 ELI 85-13