01-28-2019 Council Packet - Laserfiche WebLink

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STAFF ORIGINATOR: MEETING DATE: TOPIC: VOTE REQUIRED: INTRODUCTION CITY COUNCIL AGENDA ITEM 6B Michael Grochala, Community Development Director January 28, 2019 Consider Resolution No. 19-16, Approving 2019 Voluntary Cost Sharing Agreement, Anoka County Regional Economic Development Partnership 3/5 Staff is requesting council consideration to approve the Voluntary Cost Share Agreement for participation in the Anoka County Regional Economic Development Partnership. BACKGROUND In October of 2018 the City Council approved the Memorandum of Understanding (MOU) establishing the Anoka County Regional Economic Development partnership. Participants include Anoka County, Connexus Energy, North Metro Chamber of Commerce, and all 21 municipalities and townships within Anoka County. The purpose of the partnership is to market and promote economic development within Anoka County. The MOU provides for approval of a cost share agreement with member communities based on the proposed annual budget. The 2019 budget, recommended by the partnership's executive committee following review by member communities, is $20,000.00. Under the terms of the proposed agreement the funding is allocated to each community based on population. Lino Lake's share for 2019 is $1,193. The proposed budget includes the following activities: • Minnesota Commercial Association of Real Estate (MNCAR) Exchange property listing and report access. • Annual hosting costs for website maintenance and updates • Multiple real estate event sponsorships and panel presentations. • Marketing Materials • Annual broker and business leader programs. The City's share of funding is included in the 2019 Economic Development budget. RECOMMENDATION Staff is recommending approval of Resolution No. 19-16, Approving the Voluntary Cost Sharing Agreement for 2019.