94-122 RES
RESOLUTION 94-122
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RESOLUTION FOR THE CITY OF ELK RIVER
A RESOLUTION MODIFYING RESOLUTION NO. 87-63
ESTABLISHING AN ECONOMIC DEVELOPMENT AUTHORITY
FOR THE CITY OF ELK RIVER, MINNESOTA
WHEREAS, Minnesota Statutes 469.090 et seq. (the Statute)
authorizes the City of Elk River (the City) to establish
an Economic Development Authority pursuant to the
procedures and subject to the restrictions set forth
therein; and,
WHEREAS, on October 7, 1987, the City Council for the City of Elk
River (the City Council) adopted Resolution No. 87-63
creating the City of Elk River Economic Development
Authority (the Authority); and,
WHEREAS, on February 12, 1990, the City Council adopted Resolution
No. 90-5 to expand the Authority from five (5) to seven
(7) Con~issioners by including two (2) residents to serve
the Authority at-large; and,
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WHEREAS, the City Council finds that it is in the best interest of
the City and its residents to further broaden the
representation on the Authority.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Elk River, Minnesota, as follows:
1. Paragraphs 2(a) and 2(b) of City Council Resolution
No. 87-63, the enabling resolution for the Economic
Development Authority for the City of Elk River,
Minnesota, are hereby amended to read as follows:
2. Commissioners
(a) The Commissioners of the Authority shall
include the Mayor of the City of Elk River,
three (3) additional members of the City
Council of the City of Elk River, and three
(3) residents of the City of Elk River who
are not members of the City Council. The
Mayor shall make all appointments to the
Authority, with the approval of the City
Council.
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(b) The terms of the Commissioners who are
members of the City Council shall coincide
with their term of office, unless a
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Commissioner resigns earlier.
Commissioners who are not City Council
members shall serve six (6) year terms.
Passed and adopted by the City Council of the City of Elk River,
Minnesota, this 21st day of November, 1994.
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'r~:[,~"":,, . 1 1\ )/1/'(' ,i M'i.-"/
Hen~\A. Duitsman, Mayor
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EXTRACT OF MINUTES OF A MEETING OF THE
CITY COUNCIL OF THE CITY OF
ELK RIVER, MINNESOTA
Pursuant to due call and notice thereof, a regular or
special meeting of the City Council of the City of Elk River,
Minnesota, was duly held in the Elk River City Hall on
November 28, 1994, commencing at 6:00 P.M., C.T., in part for the
purpose of considering the offers which had been received for the
purchase of the city's $1,010,000 General Obligation Water
Revenue Bonds, Series 19940.
The following Councilmembers were present:
Vice Mayor Farber, Councilmembers Dietz, Scheel, and Holmgren
and the following were absent:
Mayor Duitsman
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There was then presented a tabulation of the offers
which had been received in the manner specified in the Terms of
Proposal for the Bonds. The offers were as follows:
276405. 1