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Council may create an EDA by passing an enabling resolution. Before adopting the enabling <br />resolution, the City must first conduct a public hearing. The enabling resolution establishes a <br />Board of Commissioners for the EDA. The City Council can choose to serve as the EDA Board <br />of Commissioners or create a board composed of council members and community members. <br />The Mayor, with approval of the Council, appoints the Commissioners. The Board may consist <br />of three, five or seven members who serve six -year terms. The Board is subject to the open <br />meeting law. <br />Rural Development Finance Authority (RFDA). A nonprofit corporation established by a <br />County or group of Counties through special legislation. RFDAs are designed to facilitate the <br />production and processing of agricultural products and promote jobs in agriculture and natural <br />resources industries. The board is appointed by the County Board of Commissioners. <br />Note: Please see appendix for a table comparing selected development laws. <br />3 <br />