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ORDINANCE #08-03 CITY OF RAMSEY ANOKA COUNTY STATE OF MINNESOTA AMENDMENT TO CHAPTER 2 WHICH IS KNOWN AS COUNCIL, BOARDS AND COMMISSIONS. AN ORDINANCE AMENDING CHAPTER 2, SECTION 2.02 ENTITLED "ECONOMIC DEVELOPMENT AUTHORITY" OF THE CITY CODE OF RAMSEY, MINNESOTA The City of Ramsey ordains: SECTION 1. AUTHORITY This ordinance is adopted pursuant to and under the authority of the City Charter of the City of Ramsey. SECTION 2. AMENDMENT Section 2.02 of the City Code is deleted in its entirety and new language is added to read as follows: 2.02 Economic Development Authority 2.02.01 Establishment. Subd. 1. Establishment. The City of Ramsey is authorized by Minnesota Statutes, Chapter 469 (the Act) and specifically Section 469.091, to establish an Economic Development Authority (EDA). The EDA is a public body corporate and politic and a political subdivision of the State of Minnesota. The EDA shall consist of a governing body of seven commissioners. Two of the commissioners shall be members of the City Council. All commissioners shall be appointed by the Mayor with the approval of the City Council. Those initially appointed shall be appointed for terms of two, three, four, five, and six years respectively. Thereafter, all commissioners shall be appointed for six-year terms. A vacancy is created in the membership of the commission when a City Councilmember of the Authority ends Council membership. Subd. 2. Purpose. The primary purpose of the EDA is to coordinate and administer economic development and redevelopment plans and programs of the City of Ramsey. The EDA is vital to the orderly development and financing of the City and in the best interests of the health, safety, prosperity and general welfare of the citizens of the City. 2.02.02 Powers. The EDA shall have all powers, duties and responsibilities set forth in Section 469.090 to 469.108 of the Act and as said Act may be amended from time to time, and all other applicable laws, except as limited by Section 2.02.03 Limits of Powers.