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HomeMy WebLinkAbout01-085 - ADMIN Resolution - City Council - 2001/09/04RESOLUTION NO 01-085 AMENDING THE COMPENSATION AND REIMBURSEMENT OF THE COMMISSIONERS OF THE ECONOMIC DEVELOPMENT AUTHORITY WHEREAS, The Economic Development Authority of St. Louis Park, Minnesota was officially established on September 19, 1988 by Resolution 88-134; and WHEREAS, in accordance with the Economic Development Authonty by-laws the Economic Development Authority shall hold its regular meetings the first Monday of each month beginning at 5:00 PM, and WHEREAS, in accordance with Minnesota State Statutes Section 469.097 (4), a commissioner including the president shall be paid for attending each regular or special meeting of the Authority in an amount paid for compensation or reimbursement must be paid out of the Authority's budget, NOW THEREFORE, be it resolved by the City Council of the City of St. Louis Park to set the compensation and reimbursement of the Commissioners of the Economic Development Authonty at an annual salary of $3,819 and the President at an annual salary of $5,092 effective III January 1, 2002. Attest: Ci Clerk Reviewed for Administration: %1XA City Manager Adop • y the City Council September 4, 2001