The city is authorized pursuant to M.S. §§ 469.090 through 469.1082 (the “EDA Act”), as it may be amended from time to time, to establish an economic development authority for the city, and the Council desires to do so in order to promote certain economic, commercial, housing, and/or industrial development and redevelopment goals and objectives. The city has caused notice of a public hearing on the establishment by the city of an economic development authority to be published in a newspaper of general circulation in the city once each week for two consecutive weeks, and pursuant to such notice, a public hearing on the question has been held by the Council on the date hereof, at which hearing all persons desiring to present their oral or written comments on this proposal were given an opportunity to do so.
(Prior Code, § 32.090) (Ord. 188, passed 8-9-1994; Res. 97-07, passed 7-7-1997)