Agenda - Council - 01/23/2024 - Laserfiche WebLink

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ANOKA COUNTY Regional Economic Development ACRED program funds. Results of these efforts will provide current information to help shape future objectives. The original MOU established an initial term of five (5)years with an opportunity to renew for another five (5)year term. Given that results from the key planning documents are still pending,the ACRED Executive Committee felt that a 12-month extension on the existing MOU was justified to let those new planning initiatives be completed first. Once the results of those new efforts are released in 2024, a more robust conversation can then be had with the cities and county on ACRED objectives and organizational structure to ensure that ACRED is efficient and effective in addressing those updated objectives. The MOU amendment document presented for consideration simply extends the same terms of the original MOU out another 12-months. The new MOU expiration date will be January 10, 2025. While staffing expenses are covered by Anoka County,the operating budget for ACRED is split between all municipalities on a per capita basis at a rate of$0.057 per resident. If approved,the City of Ramsey's 2024 contribution to ACRED will be$1637, based on a certified 2022 population estimate of 28,712 residents. ACTION REQUESTED: - Consideration and approval of the 12-month extension to the existing ACRED Memorandum of Understanding, revising the MOU expiration date to January 10t", 2025.