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MINNESOTASPORTS FEDERATION <br />Barrington Center · 592 Dodge Avenue · Elk River, Minnesota 55330-2886 <br />(763) 241-1789 · Outside Metro Area Toll Free 1-$88-222-MSF1 <br /> Fax (763) 241-1736 · VVWW.MSFI.ORG · STAFF @ MSFI. ORG <br /> <br />Faxed and Mailed March 31, 2000 <br /> <br />Mr. Patrick Klaers <br />City Administrator <br />13065 Orono Pkwy <br />Elk River, MN 55330 <br /> <br />Dear Pat, <br /> <br />First of all, please let me apologize for the delay in getting this update to you. As you probably know, March <br />and its "Madness"makes it the busiest month of the year at Sports Federation offices. <br /> <br />Couple that with the lack of a Marketing Coordinator working directly on the capital campaign, and it has made <br />my responsibilities pretty overwhelming. Fortunately our new Marketing Coordinator, Shelly Burzinski, has <br />recently joined our staff with her number one priority the capital campaign/corporate sponsorships. <br /> <br />Per your request attached is the most current capital campaign summary which reflects a total of $458,872 <br />in pledges, giving and designated funds as of November 30, 1999. The pledges outstanding are $89,145 of <br />which $75,000 is from two reliable supporters. Since the November 30 report, an additional $5,000 has been <br />raised. We continue to assess each team participating in MSF tournament play $10.00 for the capital <br />campaign which generates approximately $40,000 on an annual basis. <br /> <br />You will note in the Springsted generated report for the city dated September 4, 1996 it assumed the MSF <br />would commit $259,444 in cash toward the project. Since the MSF is not interested in carrying the large <br />remaining debt load, we intend to raise at least one million dollars before proceeding. <br /> <br />For your info, enclosed are several articles highlighting projects somewhat similar to ours. Not surprisingly <br />two have contacted us regarding a joint venture in their designated location or extensive use of their facilities. <br />The Maple Grove facility has a large price tag and is private; and we question if it can meet operating costs <br />and mortgage payments all the while paying the investors a return on their investment. <br /> <br />As we've mentioned in the past, the difference between these facilities and the MSF's in that in large measure, <br />we already have the programs in place to fill it. <br /> <br />One aspect of the Burnsville facility that is appealing, is the school district's use of the facility during the day. <br /> <br />With respect to the capital campaign, we plan to continue to move forward, hopefully at a quicker pace now <br />that the staff position has been filled. Please bear in mind we have generated almost all of our support to date <br />from our membership. To date, the Elk River corporate or philanthropic community has not been approached <br />or the Elk River youth sports organizations. The greater Minnesota community has not been tapped either nor <br />have foundations. ~ ~'~ <br />If questions arise, please do not hesitate to call. l' ~ <br /> <br />Executive Director <br /> <br />cc: Karen Larsen, President <br /> <br />enclosures <br /> <br /> SERVING MINNESOTA THROUGH SP <br />Th~ Minnc~-~ta 2port~ Federation serves as the local a.s.sociat~on of the Amateur Sol, t: <br /> and administers ~ National Youth Basku?doall Coundl and National Sporls ~ <br /> Th~,N,natc. ur Sof'd3all Association is r~cognizecl as th~ Nadonal Governing J <br /> <br /> <br />