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ACHRA Contract#CO007031 Addendum 19 <br /> VOLUNTARY COST SHARING AGREEMENT <br /> FOR ANOKA COUNTY ECONOMIC DEVELOPMENT <br /> THIS AGREEMENT is made between the County of Anoka, a political subdivision of the State <br /> of Minnesota ("County"), and the undersigned participating municipality ("City"), a municipal <br /> corporation organized under the laws of the State of Minnesota. <br /> WITNESSETH <br /> WHEREAS, the County and the City, along with other community partners,entered into <br /> a Memorandum of Agreement ("MOU") on October 24 2018, to set goals, create an <br /> action plan, and implement shared objectives in promoting economic development within Anoka <br /> County-, <br /> WHEREAS, the MOU addresses the need for cost sharing between the County and <br /> municipalities of Anoka County to support continued services for website services, social media <br /> support, marketing assistance, and future services related to the county-wide economic <br /> development initiative; <br /> WHEREAS, an annual budget for the above activities was developed, including a <br /> formula for participating municipalities to provide proportional cost sharing based upon its <br /> population', <br /> NOW, THEREFORE,the parties understand and mutually agree as follows: <br /> 1. The budget for services related to website services, social media, marketing, and <br /> other supportive activities required for economic development, is currently set at <br /> $20,000.00 for calendar year 2019. <br /> 2. For 2019,the City agrees to contribute the sum of$0.057 per individual resident <br /> within its city limits, as a voluntary contribution to the economic development <br /> costs described above. <br /> 3. The City shall provide such payment annually, by the end of the first quarter in <br /> each calendar year, beginning in 2019. <br /> 4. Each calendar year, the County will provide an annual budget and proposed <br /> formula for the City's use in calculating its contributions under this Agreement. <br /> 5. The City may opt out or cancel this Agreement by providing 30 days' written <br /> notice to the County Administrator: Jerry Soma, 2100 Third Avenue, Ste. 700, <br /> Anoka,MN 55303. <br /> 6. This agreement shall terminate concurrently with the MOU, unless a City chooses <br /> to opt out or cancel this agreement prior to its expiration, as provided above. <br /> I <br />