Agenda - Council - 01/22/2008 - Laserfiche WebLink

Home

2.02.03 Limits of Po~~~ers. The following shall apply to the Economic Development Authority of the City of Ramsey and its operation: a. The sale of all bonds or other obligations. issued by the EDA shall be first approved by the City Council b. The EDA shall follow the budget process for City Departments as may be provided by the City and in accordance with City. policies. c. Development acid redevelopment plans of the EDA shall be consistent with the City Comprehensive Plan and official controls implementing the Comprehensive Plan. d. The EDA.shall obtain approval of its proposed :plans for development redevelopment from the City Council SECTION 3. SUMMARY The following is the official summary of Ordinance #08-XX which has been approved by the City Council of the City of Ramsey as clearly informing the public of the intent and effect of the Ordinance. The ordinance repeals -the existing City Code Section 2.02 and replaces it with a new Section 2.02. This section establishes an Economic Development Authority, summarizes its purpose; its powers and limits of power. SECTION 4. EFFECTIVE DATE The effective date of this Ordinance is thirty (30) days after its passage and publication, subject to City Charter Section 5.07. Adopted by the Ramsey City Council the _ day of January, 2008. Mayor ATTEST: City Clerk Introduction Date: Posting Dates: Adoption Date: Publication Date: Effective Date: -229-