There is hereby created in the City of Cottonwood an Economic Development Authority which, subject to the provisions of the enabling resolution, shall have all of the powers, duties and responsibilities of an Economic Development Authority created pursuant to M.S. §§ 469 et seq. It shall be the responsibility of the Economic Development Authority to carry out economic and industrial development and redevelopment within the city in accordance with such general policies as may from time to time be established by the City Council and pursuant to such bylaws as may be adopted by the Authority with approval of the Council.
(Ord. 1994-3, passed 3-10-1994)