AGREEMENT
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AGREEMENT
THIS AGREEMENT, made this
17th
day of May, 1983 by and between
CITY CENTER DEVELOPMENT CORPORATION, a non-profit corporation, first party
hereinafter called "City Center" and the CITY OF HOPKINS, a duly organized and
existing mum.cl.pall.ty, second party hereinafter called "Cl.ty".
BACKGROUND
City Center is a non-profit corporation organized for operation wl.thin
the City of Hopkins to promote general improvement of its central business distrl.ct,
encourage new commercial investment, facilitate growth and development of existing
businesses and implement the 1981 downtown development plan with the assistance and
cooperation of the Cl.ty.
The mutual objectives herein expressed by the parties to this Agreement
can more effl.ciently be pursued and carrl.ed out with the financial assistance of
the City.
Both parties to this Agreement agree the attainment of the objectives
herein expressed are in the public good and serve the best interests of the City's
responsibilities to its citizens.
AGREEMENT
In consideration of mutual benefits each of the parties to this Agreement
will attain in service to the public welfare and betterment of the City and for the
citizens and users of its facilities, the parties agree as follows:
1. That City Center shall perform the function and service outlines below
for a term of one year from and after the date of this Agreement.
a. Compile and maintain information on downtown structures,
housing and business activities including key features, size
and occupancy.
b. Solicit sale of and development for premises owned by the
City at 8th and Excelsior and other sites that may be
designated by the City from time to time.
c. Initiate as well as coordinate merchant participation in the
improvement of the City parking facilities.
d. Prepare, publish and disseminate a quarterly newsletter of
at least 300 copies to property owners, merchants, and
residents in the community.
e. Prepare and distribute a brochure promoting the downtown
redevelopment district and follow-up with prompt attentl.on
and assistance inquiries generated by such information.
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f. Conduct a seminar on building improvements, restoration
and related subjects.
g. Collect and distribute information on financial assistance
programs to encourage and assist in this acquisitl.on, constr-
uction, rehabilitation and maintenance of real estate in the
downtown business district and pursuant to the goals and
objectives of the downtown development plan.
h. Initiate actions and programs for implementation and achieve-
ment of the goals and objectives outlined in the downtown
development plan including without limitation:
1. Promotion of new development and business in the central
business district from both within and outside the City
of Hopkins;
2. Solicit investor interest in and proposals for projects
and developments;
3. Identify opportunities to revitalize the central business
district in keeping with the guidelines expressed within the
downtown development plan.
i. Furnish reports to the City or its representatives on City
Center's activities as the City may direct from time to time.
2. The City shall pay City Center for the services to be rendered the
sum of $3.000
monthly, payable on the first day of each month commencing
May 1, 1983 and for a period of 12 consecutive months thereafter.
3. Unless otherwise renewed by the City by written notice thereof
furnished to City Center 30 days prior to April 30, 1984, this Agreement shall
terminate on May 1, 1984 in all respects and all parties shall be released from
the obligations undertaken herein.
4. The parties do not intend nor shall the terms of this Agreement be
construed to be a contract of employment or otherwise create an employee relation-
ship between the parties or their representatives.
IN WITNESS WHEREOF, the parties have hereunto set their hands, the day
and year first above written.
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Its Mayor
CITY CENTER DEVELOPMENT CORPORATION
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Its President
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By L..~' J,:.l,,-,-,
Its Manager
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By -./~l U ..::/ ',' '1 ,'~
Its Secretary
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