HomeMy WebLinkAbout15-153 - ADMIN Resolution - City Council - 2015/10/05RESOLUTION NO. 15-153
RESOLUTION AMENDING THE COMPENSATION
OF THE COMMISSIONERS OF THE
ECONOMIC DEVELOPMENT AUTHORITY
WHEREAS, the Economic Development Authonty 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 and third Monday of
each month; and
WHEREAS, in accordance with Minnesota State Statutes Section 469 095 (4), a
Commissioner, including the President, shall be paid for attending regular or special meetings of
the Authority in an amount to be determined by the City Council;
NOW THEREFORE BE IT RESOLVED by the City Council of the City of St. Louis Park
to set the compensation for the President and Commissioners of the Economic Development
Authonty at:
1. Effective for EDA members who serve for the 2016 calendar year, the annual salary of
the President and Commissioners of the EDA shall be $4,495.
2. Effective in 2018 and thereafter for calendar years after each succeeding municipal
election, the salanes of the President and Commissioners of the EDA shall be adjusted in
an amount equal to the cumulative adjustments for non -organized city employees since
the last adjustment in the EDA President and Commissioner salanes.
3. For EDA members who serve less than a full year, the, annual salary shall be pro -rated
4. Effective for EDA members who serve for the 2016 calendar year, EDA members who
are issued an iPad or similar electronic device have the option of retaining the device
when they leave the EDA The device will be the same device that had been in use for
the majonty of the previous calendar year. EDA members who choose to retain a device
will be subject to tax consequences for the value of the device in accordance with IRS
egulations.
Reviewe,' for •:• imstration•
Adopted by the City Council October 5, 2015
City
Attest.
Mayor