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AGREEMENT TO SUPPORT ENHANCED ECONOMIC <br /> DEVELOPMENT MARKETING ENDEAVORS (20/20) <br /> FOR CALENDAR YEAR 2017 <br /> Whereas,the Brainerd Lakes Area Economic Development Corporation <br /> (BLAEDC), has established a comprehensive work plan guided by community and <br /> industry representative,to enhance its economic development program. This enhanced <br /> effort will require community wide support plus additional financial resources to <br /> implement. BLAEDC will secure additional funding from business and industry, as well <br /> as requesting local units of government to support this program,and <br /> Whereas,the City of Pequot Lakes desires BLAEDC to continue this enhanced <br /> economic development program and will provide funding in 2017, as well as consider <br /> funding in future years, <br /> Enhanced Economic Development Marketing Endeavors(20/20) <br /> Therefore,the City of Pequot Lakes agrees to pay BLAEDC$650 for these <br /> services in 2017, payable in payments of$325 on or about July 1,2017, and <br /> December 1,2017. <br /> IN WITNESS WHEREOF, the parties have executed this agreement in the City of Pequot <br /> Lakes, Minnesota on this day of ,2017. <br /> CITY OF PEQUOT LAKES BRAINERD LAKES AREA <br /> ECONOMIC DEVELOPMENT <br /> CORPORATION <br /> By Its Mayor By Its President <br /> David Sjoblad Karlo Goerges <br /> ATTEST: <br /> Its City Representative BLAEDC Representative <br /> Nancy Malecha Sheila Wasnie Haverkamp <br /> Page 4 of 4 <br />