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ANOKA COUNTY <br />Regional Economic Development <br />ACRED program funds. Results of these efforts will provide current information to help shape future <br />objectives. <br />The original MOU established an initial term of five (5) years with an opportunity to renew for another <br />five (5) year term. Given that results from the key planning documents are still pending, the ACRED <br />Executive Committee felt that a 12-month extension on the existing MOU was justified to let those new <br />planning initiatives be completed first. Once the results of those new efforts are released in 2024, a <br />more robust conversation can then be had with the cities and county on ACRED objectives and <br />organizational structure to ensure that ACRED is efficient and effective in addressing those updated <br />objectives. <br />The MOU amendment document presented for consideration simply extends the same terms of the <br />original MOU out another 12-months. The new MOU expiration date will be January 10, 2025. <br />While staffing expenses are covered by Anoka County, the operating budget for ACRED is split between <br />all municipalities on a per capita basis at a rate of $0.057 per resident. If approved, the City of Ramsey's <br />2024 contribution to ACRED will be $1637, based on a certified 2022 population estimate of 28,712 <br />residents. <br />ACTION REQUESTED: <br />Consideration and approval of the 12-month extension to the existing ACRED Memorandum of <br />Understanding, revising the MOU expiration date to January 10th, 2025. <br />