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Anoka County Contract No. C0OO7031 <br />MEMORANDUM OF UNDERSTANDING <br />FOR ANOKACOUNTY ECONOMIC DEVELOPMENT <br />8yand Among <br />THE COUNTY OFANC|RA, C]NNEXUS ENERGY, KAETRONORTNCHAMBER OFCOMMERCE, <br />AND PARTICIPATING MUNICIPALITIES OFANOKACOUNTY <br />This Memorandum ofUnderstanding ("W1OU" isby, between, and among the County ufAnoka, a <br />political subdivision of the state of Minnesota, through its Housing and Redevelopment Authority <br />/HR4J,(hereinafter "the [munty");CunnexusEnergy, aMinnesota corporation inRamsey, <br />Minnesota; MetroNorth Chamber of Commerce, a Minnesota nonprofit organization; and <br />participating Municipalities located within Anoka County, Minnesota (See Exhibit A). For purposes of <br />this MOU, the aforementioned are referred to collectively as the "Hosting Agencies" for the Anoka <br />County economic development Initiative. <br />WHEREAS, aresearch study was completed hyaConsultant, A6vAdvanta#e in December 2017 <br />("the Study") for a market research analysis and evaluation of business opportunities, targets, and <br />strategies for economic development within Anoka County; and <br />WHEREAS, asaresult of the Study, the Hosting Agencies plan to gather with other local cities and <br />community partners to develop a vision, create an action plan, and set realistic goals to implement <br />shared objectives for economic development and business recruitment within Anoka County; and <br />WHEREAS, the Hosting Agencies wish to enter into this MOU to establish organizational structures <br />and to develop specific goals and objectives for the collaboration; <br />NOW, THEREFORE, it is agreed as follows: <br />A. Purpose, The purpose of this MOU is to set a framework for the Hosting Agencies and other <br />participating entities, to further the goals of the economic development collaboration by: <br />(a) outlining general objectives, (b) defining mutual responsibilities, and (c) setting goals, <br />timelines, communication, and other details necessary to achieve the desired outcomes. <br />B. TeIm..This Memorandum ofUnderstanding Iseffective upon execution. |twill terminate <br />upon the earlier of five (5) years from the date of this MOU; or, at any time with three (3) <br />months' written notice of any entity who is a par't of this agreement; or, automatically upon <br />completion and implementation of a Final Action Plan, as determined by the Executive <br />Committee. |fitisthe desire ofthe Hosting Agencies tocontinue this collaboration inexcess <br />ofSyears, a new K4OUwill becreated atthat time. <br />C. Executive Committee. For purposes of this MOU,the Hosting Agencies will also serve as the <br />Executive Committee for the Anoka County economic development Initiative, AChairperm»o <br />may beselected bvthe members ofthe Executive Committee toset and conduct meetings <br />and bethe primary point ofcontact between the Exo0uflVeCnn1nObtee and any <br />subcommittees. <br />