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I <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />CASE #..~ <br /> <br />MODIFICATIONS TO THE ECONOMIC DEVELOPMENT AUTHORITY <br /> By: Cindy Sherman, Community Development Director <br /> <br />Background: <br /> <br />The City Council, in its capacity as the Economic Development Authority (EDA), held a joint <br />meeting with the Economic Development Commission (EDC)' on September 14, 1998. The <br />purpose of the meeting was to discuss the goals, priorities, and action items that the Commission <br />had developed. <br /> <br />Following discussion, the EDA and EDC agreed to merge into one body to provide a more <br />focused and fulfilling role for the members. <br /> <br />Staff has completed research regarding the existing Enabling Resolution and the process for <br />modifying the make-up of the EDC. The Enabling Resolution that was adopted in December <br />1991 specifically designated City Council members as EDA commissioners. <br /> <br />Recommendation: <br /> <br />In order to change the membership and to more clearly define the powers and duties of the EDA, <br />staff proposes rescinding resolution #91-12-262 and adopting resolution #98-1-XXX to reflect <br />the changes discussed by the EDC and EDA. <br /> <br />Council Action: /~ /~/~~ <br />To rescind resolution #91-12-262 and adopt resolution #98-11-XXX Enabling the creation of an <br />Economic Development Authority. <br /> <br />Reviewed by: <br /> <br />City Administrator <br />City Attorney <br /> <br />CC: 11/24/98 <br />g:\users\cindy\eda1124.doc <br /> <br /> <br />