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RESOLUTION APPROVING DEDA RESOLUTION 23D-06 AUTHORIZING AN AGREEMENT WITH EHLERS AND ASSOCIATES, INC. FOR 2023-2025 FINANCIAL CONSULTING IN A YEARLY AMOUNT OF $75,000.
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CITY PROPOSAL:
RESOLVED, that pursuant to Resolution 10-0229, the city council hereby approves Resolution No. 23D-06 of the Duluth economic development authority ("DEDA") authorizing a three year professional services agreement with Ehlers and Associates, Inc., substantially in the form of that attached hereto as Exhibit A, to provide public finance consulting services in an annual amount not to exceed $75,000 annually, and a total contract amount not to exceed $225,000, said sum to be payable from Fund 860.
Statement of Purpose
STATEMENT OF PURPOSE: The purpose of this resolution is to obtain the City Council's approval of DEDA resolution No. 23D-06 authorizing a three-year professional services agreement with Ehlers and Associates, Inc. to provide public finance consulting services associated with development and redevelopment projects, including the creation and management of TIF districts in an amount not to exceed $75,000 annually, and a total contract amount not to exceed $225,000 said sum to be payable from DEDA Fund 860.
Ehlers and Associates has provided services to DEDA for several decades. This is a general services agreement to allow for continued consulting services to DEDA. In instances where preliminary analysis is conducted on a development project, DEDA is responsible for the cost of those preliminary analysis. For projects that have applied for business subsidy, the developer is responsible for reimbursement to DEDA of any costs incurred associated with the development. As such, the majority of the expenditures by DEDA to Ehlers are reimbursed; however, consistent with DEDA purchasing policy, a general professional services agreement is required for the up-front expenditures for Ehlers services.
The proposed professional services agreement will provide for serv...
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