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Council approves amended EDA enabling resolution, clarifies debt-issuance oversight
Summary
The New Prague City Council approved Resolution 25-08-04-01 with attorney-recommended edits requiring annual EDA strategic-plan review and reaffirming that the city council must approve any EDA debt issuance; grammatical fixes to section headings were also adopted.
The New Prague City Council approved Resolution 25-08-04-01, an amended enabling resolution for the Economic Development Authority (EDA), after members accepted attorney-recommended edits and clarifying language on debt issuance.
City staff told the council the revisions came from the city attorney and include a requirement that the EDA review its strategic plan annually and present general directions to the council. The…
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