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7.2 EDSR 01-18-2022 Request for Action To Item Number Economic Development Authority 7.2 Agenda Section Meeting Date Prepared by General Business January 18, 2022 Brent O’Neil, Economic Development Director Item Description Reviewed by Review of Enabling Resolution and Bylaws Cal Portner, City Administrator Reviewed by Action Requested Item presented for discussion purposes. Background/Discussion The annual meeting is an opportunity for the EDA to consider revisions to its bylaws or make recommendations to the City Council regarding changes to the enabling resolution for the EDA. The bylaws were last amended in 2019. The enabling resolution, first adopted by the council in 1987 to create the EDA, was last amended in 2011. Staff is not bringing forth any suggested changes at this time; however, staff has been reviewing the documents as well as the enabling statute and is likely to bring suggested changes to a future meeting. Financial Impact N/A Mission/Policy/Goal The enabling statute and resolution require periodic review of the bylaws and enabling resolution. Attachments  City Council Resolution 87-63 as Amended  Bylaws of the Economic Development Authority The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity. Updated: August 2020