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AGREEMENT TO SUPPORT ENHANCED ECONOMIC <br /> DEVELOPMENT MARKETING ENDEAVORS <br /> INCLUDING THE 2020 PROGRAM <br /> FOR CALENDAR YEAR 2007 <br /> Whereas,the Brainerd Lakes Area Development Corporation(BLADC),has <br /> established a comprehensive work plan guided by community and industry <br /> representatives, to enhance its economic development program. This enhanced effort <br /> will require added financial resources to implement for the years 2007-2011 at a <br /> minimum. BLADC will secure additional funding from business and industry, as well as <br /> requesting local units of government to support this program, and <br /> Whereas,the City of Pequot Lakes desires BLADC to actively implement this <br /> enhanced economic development program and will provide funding in 2007, as well as <br /> consider funding in future years, <br /> Enhanced Economic Development Services Including the 2020 Program <br /> Therefore,the City of Pequot Lakes agrees to pay BLADC $ for <br /> these services in 2007,payable in payments of$ on or about July 1, <br /> 2007 and December 1,2007. <br /> IN WITNESS WHEREOF, the parties have executed this agreement in the City of Pequot <br /> Lakes, Minnesota on this day of , 2007. <br /> CITY OF PEQUOT LAKES BRAINERD LAKES AREA <br /> DEVELOPMENT CORPORATION <br /> By Its Mayor B s President <br /> Cathy Malecha Jo Newhouse <br /> ATTEST: <br /> Its City Representative BLADC R resentative <br /> Sandy Peine Sheila Wasnie Haverkamp <br /> Page 4 of 4 <br />