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Elk River Fire Relief Association <br />415 Jackson Avenue <br />Elk River, MN 55330 <br /> <br />June 29, 2002 <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 Coundl, <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 our funds are doing well enough that we ask for the <br />Council's permission to increase the per year pension amount, which is covered by our fund's <br />performance. <br /> <br />The current pension amount is $3575 per year of sen/ice. Because this year's performance was not as <br />dgorous as we had hoped, we will not be requesting an increase to the pension amount this year. We <br />are hopeful that the economy, and with it, our investments will soon rebound. <br /> <br />I thank you for your time and attention. <br /> <br />Mark Richardson <br />Treasurer <br />Elk River Fire Relief Association <br /> <br /> <br />