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The EDA is unique in structure compared to other advisory commissions of the City Council. State Statutes enables <br />the creation of several authorities, including Economic Development Authorities (EDA). Authorities are allowed to <br />have taxing authorities. Local EDAs are established through an 'enabling resolution' of the City Council. While the <br />City has established an EDA Levy as allowed by Minnesota Statute, the City's enabling resolution restricts the <br />approval process of the EDA. Where Minnesota Statutes would allow the EDA to have final approval over the EDA <br />Budget and Levy. However, the Ramsey enabling resolution requires City Council approval of the EDA Budget <br />and Levy. Attached is a document prepared by several local economic development entities as a background for <br />EDAs. <br />Minnesota Statutes also require City Council representation as a voting member due to the taxing authority. <br />The EDA does complete an Annual Work Plan. <br />Funding Source: <br />This case is being handled as part of normal Staff duties. <br />Recommendation: <br />This case is for informational purposes only. <br />Action: <br />Action is not requested. This case is for informational purposes only. <br />Planning Commission Guide <br />EDA Handbook <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Colleen Lasher Colleen Lasher 10/17/2019 02:33 PM <br />Kurt Ulrich Kurt Ulrich 10/17/2019 03:40 PM <br />Form Started By: Tim Gladhill Started On: 10/10/2019 10:54 AM <br />Final Approval Date: 10/17/2019 <br />