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EDA RES 20-02ECONOMIC DEVELOPMENT AUTHORITY OF THE CITY OF ELK RIVER, MINNESOTA COUNTY OF SHERBURNE STATE OF MINNESOTA RESOLUTION NO. 2020-02 RESOLUTION APPROVING A PROFESSIONAL SERVICE AGREEMENT WITH STANTEC CONSULTING SERVICES INC. WHEREAS, the Economic Development Authority of the City of Elk River, Minnesota (the "Authority") enters into professional service agreements with vendors and contractors from time to time; and WHEREAS, the Authority prepared a request for proposals (the "RFP' for services to create an economic development strategic plan as outlined in the RFP (the "Services'D and the Authority received 11 responses; and WHEREAS, the Authority and the staff of the Authority have evaluated the responses to the RFP and recommend that the Authority select Stantec Consulting Services Inc., a New York corporation (the "Contractor"), to provide the Services to the Authority; and WHEREAS, there has been presented before the Board of Commissioners of the Authority a form of Professional Service Agreement (the "Professional Service Agreement's to be executed by the Authority and the Contractor, which sets forth the terms of the Services to be provided by the Contractor for an amount not to exceed $49,200; and NOW, THEREFORE, BE IT RESOLVED, by the Board of Commissioners of the Economic Development Authority of the City of Elk River, Minnesota as follows: 1. The Professional Service Agreement is hereby in all respects authorized, approved, and confirmed, and the Chair and the Executive Director are hereby authorized and directed to execute the Professional Service Agreement for and on behalf of the Authority in substantially the form now on file with the Executive Director but with such modifications as shall be deemed necessary, desirable, or appropriate, the execution thereof to constitute conclusive evidence of their approval of any and all modifications therein. 2. The Chair and the Executive Director are hereby authorized to execute and deliver any and all documents deemed necessary to carry out the intentions of this resolution and the Professional Service Agreement. 3. This resolution shall be in full force and effect as of the date hereof. Adopted by the Economic Development Authority of the City of Elk River, Minnesota this 20' day of April, 2020. resident Director