03-08-2021 Council Packet - Laserfiche WebLink

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CITY COUNCIL AGENDA ITEM 1F STAFF ORIGINATOR: Michael Grochala, Community Development Director MEETING DATE: March 8, 2021 TOPIC: Consider Resolution No. 21-18, Approving 2021 Voluntary Cost Sharing Agreement, Anoka County Regional Economic Development Partnership VOTE REQUIRED: 3/5 INTRODUCTION 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 2019 cost share approved by the City Council was $1,193. The 2021 budget, recommended by the partnership’s executive committee following review by member communities, remains at $20,000.00. Lino Lake’s share for 2021 also remains at $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 2021 Economic Development budget. The partnership is continuing to be a valuable economic development resource for the City. RECOMMENDATION Staff is recommending approval of Resolution No. 21-18, Approving the Voluntary Cost Sharing Agreement for 2021.