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HomeMy WebLinkAbout05-131 - ADMIN Resolution - City Council - 2005/10/10RESOLUTION NO. 05-131 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 Authority by-laws the Economic Development Authority shall hold its regular meetings the first Monday of each month; 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 Authority at an annual salary of $4,299 and the President at an annual salary of , effective January 1, 2006. Revie e or Administration: City " ager Attest: 2y/it-rip( g., mlbf:(ey.k ted by the City Council October 10, 2005 Ma r41 4—