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RES 2021-33 Wright County - EDACITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO: 2021-33 OPTING TO PARTICIPATE IN THE WRIGHT COUNTY ECONOMIC DEVELOPMENT AUTHORITY WHEREAS, the City of Otsego (the City) is located within Wright County, Minnesota (the County); and WHEREAS, pursuant to a resolution adopted by the Board of Commissioners of the County on November 241 2020, the County established the Wright County Economic Development Authority (the EDA) in accordance with Minnesota Statutes, Sections 469.090 through 469.1082, as amended (the EDA Act); and WHEREAS, Section 469.1082, subdivision 5 of the EDA Act provides that the area of operation of the EDA shall include all cities and townships within the County that have adopted resolutions electing to participate in the EDA; and WHEREAS, the City Council of the City has determined that it is in the best interests of the City to elect to participate in the EDA; and WHEREAS, the City may make an election to withdraw from participation in the EDA every fifth year following the adoption of the resolution electing to participate, all in accordance with the terms of Section 469.1082, subdivision 5 of the EDA Act; and WHEREAS, notwithstanding Section 469.1082, subdivision 5, if the EDA enacts an EDA levy, the EDA will notify the City of the enactment of such levy and the City shall have the opportunity to withdraw its participation in the EDA prior to the levy going into effect. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA: 1. The City hereby elects to participate in the EDA. 2. The election to participate in the EDA shall take effect on the date of adoption of this approval and may only be withdrawn in accordance with Section 469.1082, subdivision 5 of the EDA Act. ADOPTED by the Otsego City Council this 26th day of April, 2021. MOTION BY: Moores SECONDED BY:Dahl INFAVOR: Stockamp, Dahl, Goede, Moores and Darkenwald OPPOSED: none CITY OF OTSEGO ATTEST: Audra Etzel, City Clerk %J