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97-8435r 10 RESOLUTION NO. 8435 RESOLUTION AUTHORIZING ENTERING INTO AGREEMENTS WITH THE RICHFIELD COMMUNITY COUNCIL AND HENNEPIN COUNTY WHEREAS, the Richfield Community Council has requested the City of Richfield to act as fiscal agent for Revenue Enhancement Funds; and WHEREAS, Hennepin County also needs a fiscal agent to distribute Revenue Enhancement Funds to the Richfield Community Council. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Richfield as follows: The City of Richfield and the Richfield Community Council enter into an agreement which establishes the City as fiscal agent for all Revenue Enhancement Funds generated on behalf of the Richfield Community; and that the City enter into an agreement with Hennepin County as fiscal agent and receipt of Revenue Enhancement Funds to be expended as authorized by the Richfield Community Council. BE IT FURTHER RESOLVED that the City Manager be authorized to execute contractual agreements with the above named organizations summarizing fiscal agent responsibilites. PASSED by the City Council of the City of Richfield this 13th day of January 1997. , .. \U Martin J. Kirs ATTEST: ;f~'P~ Thomas P. Ferber, City Clerk