HomeMy WebLinkAboutIV.D.A - Resolution - Open To BusinessCITY OF HASTINGS
DAKOTA COUNTY, MINNESOTA
HEDRA RESOLUTION NO. 2024-02
A RESOLUTION OF THE HASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT AUTHORITY
(HEDRA) APPROVING JOINT POWERS AGREEMENT BETWEEN HEDRA, THE DAKOTA COUNTY
COMMUNITY DEVELOPMENT AGENCY, AND THE OTHER 10 PARTICIPATING CITIES FOR THE OPEN TO
BUSINESS PROGRAM
WHEREAS, the CDA in conjunction with the largest cities in Dakota County launched the
countywide Open To Business program in 2013 to provide business advisory services and access to
capital to entrepreneurs and small businesses in Dakota County; and
WHEREAS, the CDA and the largest cities have annually renewed participation in the Open To
Business program since 2013, with the CDA acting as the fiduciary agent and administrator of the
contract with the Metropolitan Consortium of Community Developers and joint powers agreements
executed between each participating city and the CDA; and
WHEREAS, the CDA portion of the 2024-2026 Open To Business program is $165,000; and
WHEREAS, the CDA portion of the annual cost of the program is fifty percent (50%) to match
each participating city, as well as to cover the total cost of serving the small cities and townships; and
WHEREAS, the annual cost to HEDRA would be $5,500 per program year for a full budgetary
allowance of $16,500; and
NOW THEREFORE BE IT RESOLVED by HEDRA:
1. Authorizes signature of a Joint Powers Agreement between HEDRA, the Dakota County
Community Development Agency (CDA) and the other participating cities.
ADOPTED BY THE HASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT AUTHORITY
THIS 25th DAY OF JANUARY 2024.
AYES:
NAYS:
ABSENT:
_____________________________________
, President
_____________________________
Alex Menke, Secretary
This instrument drafted by:
City of Hastings
101 East 4th Street
Hastings, MN 55033