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Development Partnership (ACRED) and approval of the $1,637 continued voluntary cost share to the <br />partnership. <br />2) EDA recommend to the City Council to Not Extend the MOU with ACRED and to OPT OUT of the <br />ACRED Voluntary Cost Share Agreement (VCSA). <br />3) Something else. <br />Funding Source: <br />In 2019, the cost for cities in Anoka County was $0.057 per person of population which amounted to $1,506.00. <br />This formula has not changed. The cost for 2024 is now $1,637.00 based on the increase in population (28,712) <br />for the City of Ramsey. The City has historically used the EDA 9230-6246 budget line item for this expense. <br />Recommendation: <br />Staff recommends that the EDA recommend to the City Council to Extend the MOU One Year with Anoka <br />County Economic Development Partnership (ACRED) and payment of the $1,637.00 continued voluntary cost <br />share to the partnership. <br />Action: <br />Motion that the EDA recommend to the City Council to Extend the MOU One Year with Anoka County <br />Economic Development Partnership (ACRED) and payment of the $1,637.00 continued voluntary cost <br />share to the partnership. <br />Attachments <br />ACTION- ACRED MOU Extension <br />ACTION - VCS Ramsey Contribution Amount <br />Reference - MOU Extension Memo <br />2024 Priorities - ACRED <br />2024 Budget - ACRED <br />2023 Year in Review - ACRED <br />REFERENCE- 2022 VCSA Executed <br />Reference - Expiring 2019 MOU <br />Form Review <br />Inbox Reviewed By Date <br />Sean Sullivan (Originator) Sean Sullivan 01/02/2024 10:25 AM <br />Brian Hagen Brian Hagen 01/04/2024 09:38 AM <br />Form Started By: Sean Sullivan Started On: 11/08/2023 08:58 AM <br />Final Approval Date: 01/04/2024 <br />