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Initiative Foundation Funding Request <br /> August 13,2001 <br /> Page 2 <br /> • Following is a summary of cities in the region and the percentage of request granted to date: <br /> of Request Granted <br /> Becker 97% <br /> Big Lake 17% <br /> Clear Lake 100% <br /> Elk River 25% <br /> Zimmerman 231% <br /> Buffalo 14% <br /> Monticello 32% <br /> Rockford 22% <br /> St. Cloud 24% <br /> Staff believes the City of Elk River has already provided a fair percentage of the original <br /> requested contribution. The current contribution to date of$5,000 as a percentage lies <br /> within what other communities in the region have determined as the most appropriate <br /> contribution to the Initiative Foundation. <br /> Requested Action <br /> Staff requests direction from the EDA regarding the recent funding request by the Initiative <br /> Foundation. A contribution to the Initiative Foundation for the year 2002 is not included in <br /> the proposed EDA budget. <br /> • <br /> • <br />