HomeMy WebLinkAboutIV.I. HEDRA Resolution No. 2022-06 - Approving Joint Powers Agreement between Dakota County CDA and HEDRA for Open To Business ProgramCITY OF HASTINGS
DAKOTA COUNTY, MINNESOTA
HEDRA RESOLUTION NO. 2022-06
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 11 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 11 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 2022 Open To Business program is $150,000 and the cost for
the 2023 Open To Business program is $150,000; 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 $5,150 per program year for a full budgetary
allowance of $10,300; 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 10 participating cities.
ADOPTED BY THE HASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT AUTHORITY
THIS 13TH DAY OF JANUARY 2022.
AYES:
NAYS:
ABSENT: ___________________________
President
_____________________________
Eric Maass, Secretary
This instrument drafted by:
City of Hastings
101 East 4th Street
Hastings, MN 55033