BY COUNCILOR STENBERG:01-0872R
RESOLUTION AUTHORIZING AN AGREEMENT WITH CONNECTING POINT IN AN AMOUNT NOT TO EXCEED $48,306 AND AUTHORIZING ACCEPTANCE OF REIMBURSEMENT FROM THE DULUTH ECONOMIC DEVELOPMENT AUTHORITY IN THE AMOUNT OF $24,000.
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 Connecting Point in a total amount not to exceed $48,306, payable from Fund 0255, contingent upon receipt by the city of a Soft Center workforce development fund grant from the Minnesota Legislature.
FURTHER RESOLVED, that the Duluth City Council hereby accepts reimbursement
from the Duluth economic development authority (DEDA) relating to the Connecting
Point project in the amount of $24,000, said amount to be deposited into
In exchange, Connecting Point, which currently employs 22 people, is agreeing to lease not less than 10,000 square feet in the Technology Village and to create at least ten new jobs within two years of occupancy in the Technology Village. The city's funding will be provided through a Soft Center workforce development fund grant from the Minnesota Legislature.