CITY of RAPID CITY

Agenda Item Summary

 

Meeting Date: 12/31/2013

L&F Committee: 12/31/2013

Staff Contact: Wade Nyberg

City Council: 1/6/2014

Agenda Title:

Authorize Mayor and Finance Officer to Sign Memorandum of Understanding between the City of Rapid City and the Rapid City Economic Development Partnership

Summary:

†This MOU sets out the terms and conditions related to the annual appropriation of money to support the Rapid City Economic Development Partnership (RCEDP).† The MOU memorializes the services received from the RCEDP.† The MOU has a one-year term, and automatically renews.† Either party may terminate the MOU with 30 daysí notice, or RCEDP may terminate the agreement immediately if funding is not appropriated.†

Funding Source & Fiscal Impact (if applicable):

The MOU does not approve any new funding, but relates to the funds budgeted each year.

Recommendation:

Action: Choose an item. Approve

Notes:
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Options:

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Attachments & Links:

MOU

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