HomeMy WebLinkAboutResolution - 2018-138 - Participation in "Open for Business" - 12/04/2018 CITY OF EDEN PRAIRIE
HENNEPIN COUNTY, MINNESOTA
RESOLUTION NO. 2018 -138
RESOLUTION APPROVING PARTICIPATION IN "OPEN FOR BUSINESS"
A SMALL BUSINESS TECHNICAL ASSISTANCE PROGRAM
WHEREAS, the Open to Business is a small business and entrepreneur technical assistance
program provided by the Metropolitan Consortium of Community Developers (MCCD) through
a partnership with the Hennepin County Housing and Redevelopment Authority (HCHRA); and
WHEREAS, The Open to Business program provides a range of services to participating Eden
Prairie businesses including: business plan development, feasibility studies, cash flow and
financing projections, marketing, loan request preparation, advocacy with lending institutions;
and
WHEREAS, the City of Eden Prairie intends to contract with the MCCD to provide Open to
Business services to Eden Prairie businesses and agrees to pay half of the annual total program
costs of$10,000 ($5,000) in 2019, $12,500 ($6,250) in 2020, and $12,500 ($6,250) in 2021.
NOW, THEREFORE, BE IT RESOLVED by the Eden Prairie City Council:
The City of Eden Prairie approves entering into a Contract for Services between the City of Eden
Prairie & Metropolitan Consortium of Community Developers (MCCD) for the Open to Business
Program dated December 4,2018 for participation in the Open to Business small business technical
assistance program. Provided an annual grant of$5,000 is approved and provided to MCCD by
Hennepin County HRA for half of the annual program fee, the City agrees to provide to MCCD
the other half of the total cost or $5,000 for 2019, $6,250 for 2020, and 6,250 for 2021.
ADOPTED by the Eden Prairie City Council on the 4`h day of December, 2018.
yra uk s, ayor
ATTEST:
Kath en Porta, City Clerk