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"Nte.) <br /> December 12, 2003 INITIATIVE <br /> FOUNDATION <br /> DEC 1 5 200 <br /> 3 <br /> Patrick Klaers <br /> City of Elk River <br /> 13065 Orono Pkwy <br /> Elk River, MN 55330-0490 <br /> Dear Mr. Klaersr. . <br /> c <br /> Please extend our thank you to the City of Elk River and to the Economic Development <br /> Authority for supporting the Initiative Foundation's five-year "Unlock the Potential" <br /> Campaign. <br /> The special partnership we share with generous friends like you has enabled the Initiative <br /> Foundation to distribute $33 million throughout the region, including $2.1 million in grants and <br /> loans in Sherburne County alone. Please note the enclosed project list, which details the work <br /> we have supported in your area. We have been, and continue to be, an active force for economic <br /> • development, community planning, leadership development, and donor services in Central <br /> Minnesota. <br /> Because of your support, the Initiative Foundation is able to continue its mission serving greater <br /> Minnesota by partnering with county economic development offices and city government on <br /> issues such as job creation/retention,business start-up/expansion, workforce development, <br /> technology, affordable housing, and business financing resources. Your contribution assures our <br /> continued economic development activity in your community. <br /> Again,your continued support of our programs and services is very much appreciated. <br /> Sincerely, <br /> Kathy Gaalswyk <br /> President <br /> 405 FIRST STREET SE <br /> • 1 <br /> LITTLE FALLS, MN 56345 <br /> WWW.IFOUND.ORG <br /> PHONE: 320.632.9255 <br /> Fax: 320.632.9258 <br /> EQUAL OPPORTUNITY LENDER, <br /> PROVIDER AND EMPLOYER. <br />