8.4. EDSR 01-19-2021 ��i
City of
Elk ' Request for Action
River
To Item Number
Economic Development Authori =8.4
Agenda Section Meeting Date Prepared by
General Business January 19, 2021 Colleen Eddy, Economic Development Specialist
Item Description Reviewed by
Annual Election of Officers Cal Portner, City Administrator
Reviewed by
Action Requested
Appoint by motion, the EDA President,Vice President,Treasurer,Assistant Treasurer, and Secretary for
2021.
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. The secretary and the assistant treasurer are the Authority's Executive Director.
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 in the
absence of the president and shall perform such duties as may be assigned to him 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.
Secretary: The secretary shall be the Authorities Executive Director. The secretary shall be responsible for
taking and preparing minutes of each meeting of the Authority. Further,the secretary 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.
Assistant Treasurer:The assistant treasurer shall be the Authority's executive director. The powers of the
treasurer are delegated to the assistant treasurer. The assistant treasurer shall receive and is responsible for
authority money. The assistant 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 assistant 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
The Elk River Vision
A welcoming community with revolutionary and sprited resourcefulness,exnptional service,and community engagement p 0 N E RT
E U A Y
that encourages and ins�iires�iros�ierity ® RTE . 1E
ending on December 31 of the current year. The assistant treasurer shall provide a bond as required by
law. All checks issued by the Authority shall be signed by the assistant treasurer and the President.
The following were 2020 officers:
President—Dan Tveite
Vice President—Garrett Christianson
Treasurer—Nate Ovall
Secretary—Executive Director
Assistant Treasurer—Executive Director
Financial Impact
N/A
Mission/Policy/Goal
Per the EDA Bylaws Elections of Officers will be confirmed at the EDA Annual Meeting.
Attachments
■ N/A