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CITY COUNCIL <br />AGENDA ITEM ID <br />STAFF ORIGINATOR: Michael Grochala, Community Development Director <br />MEETING DATE: April 11, 2022 <br />TOPIC: Consider Resolution No. 22-35, Approving 2022 <br />Voluntary Cost Sharing Agreement, Anoka County <br />Regional Economic Development Partnership <br />VOTE REQUIRED: 315 <br />INTRODUCTION <br />Staff is requesting council consideration to approve the Voluntary Cost Share Agreement for <br />participation in the Anoka County Regional Economic Development Partnership. <br />BACKGROUND <br />In October of 2018, the City Council approved the Memorandum of Understanding (MOU) <br />establishing the Anoka County Regional Economic Development partnership. Participants include <br />Anoka County, Connexus Energy, North Metro Chamber of Commerce, and all 21 municipalities and <br />townships within Anoka County. The purpose of the partnership is to market and promote economic <br />development within Anoka County. The 2021 cost share approved by the City Council was $1,193. <br />The 2021 budget, recommended by the partnership's executive committee following review by <br />member communities, remains at $20,750.00. Lino Lake's share for 2021 is $1,220, an increase of <br />$27. <br />The proposed budget includes the following activities: <br />oo Minnesota Commercial Association of Real Estate (MNCAR) Exchange property listing and <br />report access <br />oo Annual hosting costs for website maintenance and updates <br />oo Multiple real estate event sponsorships and panel presentations <br />oo Marketing Materials <br />oo Annual broker and business leader programs <br />The City's share of funding is included in the 2021 Economic Development budget. The partnership is <br />continuing to be a valuable economic development resource for the City. <br />RECOMMENDATION <br />Staff is recommending approval of Resolution No. 22-35, Approving the Voluntary Cost Sharing <br />Agreement for 2022. <br />