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Elk River Fire Relief Association <br />415 Jackson Ave. <br />ELK River, MN. 55330 <br /> <br />July 7, 2003 <br /> <br />RE: Per year pension amount <br /> <br />Elk River City Council <br />13065 Orono Parkway <br />Elk River, MN. 55330 <br /> <br />Dear Elk River City Council, <br /> <br />The Elk River Fire Relief Association communicates each year with the Elk River City Council on the <br />status of the Relief Association funds. Often are funds are doing well enough that we ask for the Council's <br />permission to increase the per year pension amount, wlfch is covered by our fund's performance. <br /> <br />The current pension mnount is $3575 per year of service. Because this year's performance was not as <br />rigorous as we had hoped, we will not be requesting an increase to the pension amount tiffs year. We are <br />hopeful that the economy and with it, our investments will soon rebound. The first six months of ttfs year <br />are looking quite well. <br /> <br />I ti~nk you for your time and attention <br />Respectfully <br /> <br />Robert Dreissig <br />President <br />Elk River Fire Relief Association <br /> <br /> <br />