00-0558R

RESOLUTION AUTHORIZING AN AGREEMENT TO PARTICIPATE IN TEAM DULUTH IN THE AMOUNT OF $33,333.

BY PRESIDENT GILBERT:

RESOLVED, that the proper city officials are hereby authorized to enter into an agreement substantially in the form of that on file in the office of the city clerk as Public Document No. _________________, with the Duluth economic development authority, the Duluth Area Chamber of Commerce, the Duluth airport authority, Minnesota Power, Inc., and the Seaway Port authority of Duluth in the amount of $33,333, payable from Fund 100, Ag. 020, Org. 1202.


STATEMENT OF PURPOSE: The purpose of this resolution is to approve a contract which allows the city to continue its participation in TEAM Duluth in order to coordinate economic development activities with all of the other participants in TEAM Duluth. TEAM Duluth was created six years ago to coordinate economic development activities in Duluth, and, specifically, to undertake a marketing campaign to assist in bringing businesses to the community. The original agreement forming TEAM Duluth had a term of three years, which expired April 1, 1997. The agreement has been extended three times, and it is now proposed that the agreement be extended for the period of May 1, 2000, through December 31, 2000.

Last year's agreement called for contributions by DEDA and the city in the amount of $50,000 each for a 12 month period from May 1, 1999, until April 30, 2000. This year's agreement calls for contributions by DEDA and the city in the amount of $33,333 each, which is the same monthly amount as last year.