BOARD AGENDA ITEM
SUBJECT:
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AR-2024-1182: Discussion of Economic Development Board Bylaws.
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DEPARTMENT:
Development Services/Economic Development
SUMMARY:
The City of Edgewater last amended the Economic Development Board Bylaws in 2013. The Bylaws govern the powers of the Economic Development Board, the composition of the Board, as well as its purpose.
ARTICLE VI: Powers and Duties
A. The EDB shall exercise the following powers and duties:
1. Formulate plans for the use and development of property designated for commercial and industrial development. Said plans shall be submitted to City Council as recommendations and presentations shall include staff comments.
2. Annually recommend a budget to City Council for monies necessary to carry out the purpose of the Board. All actual expenditures shall be subject to the approval
of the City Manager. All Board member's requests for expenditure of funds shall first be approved by the Chairman or Vice Chairman if the Chairman cannot be contacted in a timely manner.
3. Promote the City of Edgewater as a prospective site for business and industrial development, provided that no expenses for advertising or other promotional methods shall be incurred without prior approval of City Council, unless specifically identified under the economic development line item of the current budget.
4. Cooperate with and assist provide interests that wish to develop new or expand existing businesses in the City of Edgewater.
5. Recommend to City Council options and agreements relating to the lease of City owned industrial and commercial property to prospective lessees.
6. Carry out preliminary discussions for the purpose of attracting business and industry to the City of Edgewater. All negotiations shall be done in conjunction with City Council and shall be subject to final approval of City Council.
7. To adopt rules of procedure consistent...
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