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EDA # 2. <br /> <br />REVIEW AND RECOMMEND ADOPTION OF 1999 ECONOMIC DEVELOPMENT <br />AUTHORITY OPERATING BUDGET <br /> By: Cindy Sherman, Community Development Director <br /> <br />Background: <br /> <br />Attached is the Finance Committee case for review and adoption of the EDA Budget. In the past <br />the Council acted as the EDA so there was not separate review of the budget by the EDA. In <br />light of the recent change in the EDA membership the Council thought it would be appropriate <br />for the EDA to review the budget and make a recommendation regarding it's adoption. <br /> <br />Observation: <br /> <br />While reviewing the State Statutes staff found that the law states that the EDA members are to be <br />compensated for attending meetings. A number for this expense has not been included in the <br />attached draft budget. Other Commi...ssions of the City are compensated for attendance at <br />meetings. <br /> <br />Recommendation: <br /> <br />Approve attached Resolution <br />Authority Operating Budget. <br />EDA Action: <br /> <br />#99-02-XXX Adopting the 1999 Economic Development <br /> <br />Motion to recommend Council adopt Resolution 99-02-XXX adopting the 1999 Economic <br />Development Authority Operating Budget. <br /> <br />Review checklist: <br /> <br />City Administrator <br />Finance Officer <br /> <br />EDA: 2/9/99 <br />g:\users\cindy\eda1124.doc <br /> <br /> <br />