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.y of <br /> <br />iver <br /> <br />MEMORANDUM <br /> <br />ITEM 4.1. <br /> <br /> TO: <br /> <br />~FROM: <br /> <br />DATE: <br /> <br />Mayor & City Council <br /> <br />Paul T. Steinman, Director of Economic <br />Development <br /> <br />June 24, 1997 <br /> <br />SUBJECT: EDA Request for Funds for Economic <br /> Development Activities <br /> <br />II. <br /> <br />PURPOSE OF MEMO <br /> <br />The purpose of this discussion item is to bring forward from the EDA, <br />a request to utilize the Council Contingency Fund in the amount of <br />$3,780 to complete an economic development activity associated with <br />implementation of the Strategic Plan. <br /> <br />0 VER VIEW <br /> <br />With adoption of the Strategic Plan has come the implementation of <br />specific items within the plan. One such item is the negotiation and <br />execution of joint development agreements and/or cooperative <br />marketing agreements with the three primary west Business Park <br />property owners. The EDA has determined that it would be beneficial <br />to have attorney Dave Sellergren team up with staff to negotiate and <br />draft these agreements. As such, staff has asked Mr. Sellergren to <br />prepare an estimate of his time and costs associated with completing <br />this activity. A memo from Mr. Sellergren is attached to this report. <br /> <br />At its last meeting, the EDA determined it would be appropriate to <br />support a request for funding of this activity from the Council <br />Contingency Fund. <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330 · TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425 <br /> <br /> <br />