01-0632R

RESOLUTION AUTHORIZING A MEMORANDUM OF AGREEMENT WITH THE CITY OF SUPERIOR TO DEVELOP A RENEWAL COMMUNITY APPLICATION.

BY COUNCILOR GILBERT:

        RESOLVED, that the proper city officials are hereby authorized to enter into a memorandum of agreement, substantially in the form of that on file in the office of the city clerk as Public Document No. _____, with the city of Superior to collaborate on the development of a department of housing and urban development (HUD) renewal community application; costs related to preparation of the application, shall not exceed $5,000, payable from Fund 0262, Agency 624, Obj. 6435.



STATEMENT OF PURPOSE:  The purpose of this resolution is to authorize an agreement with the city of Superior to collaborate on the development of a HUD community renewal application. The community renewal program provides federal tax incentives designated to encourage businesses to promote development in distressed communities. The city of Duluth and the city of Superior will each gather information for the application and will share the costs of generating the application, said cost shall not exceed $5,000, payable from 0262-624-6435.