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ACHRA Contract # C0006218A <br />1 <br />VOLUNTARY COST SHARING AGREEMENT <br />FOR ANOKA COUNTY ECONOMIC DEVELOPMENT <br /> <br /> <br />THIS AGREEMENT is made between the County of Anoka, a political subdivision of the State <br />of Minnesota (“County”), and the undersigned participating municipality (“City”), a municipal <br />corporation organized under the laws of the State of Minnesota. <br /> <br />WITNESSETH <br /> <br />WHEREAS, the County and the City, along with other community partners, entered into <br />a Memorandum of Agreement (“MOU”) on __________________, 2018, to set goals, create an <br />action plan, and implement shared objectives in promoting economic development within Anoka <br />County; <br /> <br />WHEREAS, the MOU addresses the need for cost sharing between the County and <br />municipalities of Anoka County to support continued services for website services, social media <br />support, marketing assistance, and future services related to the county-wide economic <br />development initiative; <br /> <br />WHEREAS, an annual budget for the above activities was developed, including a <br />formula for participating municipalities to provide proportional cost sharing based upon its <br />population; <br /> <br />NOW, THEREFORE, the parties understand and mutually agree as follows: <br /> <br />1. The budget for services related to website services, social media, marketing, and <br />other supportive activities required for economic development, is currently set at <br />$20,000.00 for calendar year 2019. <br /> <br />2. For 2019, the City agrees to contribute the sum of $0.057 per individual resident <br />within its city limits, as a voluntary contribution to the economic development <br />costs described above. <br /> <br />3. The City shall provide such payment annually, by the end of the first quarter in <br />each calendar year, beginning in 2019. <br /> <br />4. Each calendar year, the County will provide an annual budget and proposed <br />formula for the City’s use in calculating its contributions under this Agreement. <br /> <br />5. The City may opt out or cancel this Agreement by providing 30 days’ written <br />notice to the County Administrator: Jerry Soma, 2100 Third Avenue, Ste. 700, <br />Anoka, MN 55303. <br /> <br />6. This agreement shall terminate concurrently with the MOU, unless a City chooses <br />to opt out or cancel this agreement prior to its expiration, as provided above.