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= <br /> CENTRAL MINNESOTA INITIATIVE FUND <br /> •A Four attrni for Today, A Vision for'Tomorrow <br /> .3_,"wf` �;++�mz' +"�.R sssi•s^...,.x���:��*a� �'X: 3;_.w_.r.' .ca,� r,aYwcu�«: .,..s'%s..v_.. �,.. .., <br /> August 11, 1998 <br /> Patrick Klaers,City Administrator <br /> City of Elk River/Elk River EDA <br /> 13065 Orono Pkwy <br /> PO Box 490 <br /> Elk River,MN 55330-0490 <br /> Dear Mr. Klaers: <br /> The Central Minnesota Initiative Fund would like to thank the City of Elk River for its <br /> contribution of$5,000 during fiscal 1998. This represents 25 percent of the three-year <br /> request of$19,929 that we are requesting of the City. <br /> We are pleased to submit this fiscal year 1999 funding request to the City of Elk River, <br /> which seeks the balance of the three-year pledge request,totaling$14,929. This <br /> • represents a contribution equivalent to$1.50 per capita,which is the level of support we <br /> are requesting from all cities in our service area. Payment of the pledge could be made <br /> over the next two years (1999 and 2000)or it could be paid in full through a one-time <br /> contribution. Contributions received for this campaign will be matched dollar-for-dollar by The <br /> McKnight Foundation. <br /> Created as a nonprofit,regional foundation in 1986 with the tremendous support of The <br /> McKnight Foundation,the Central Minnesota Initiative Fund serves the 14 counties of <br /> Central Minnesota. Our mission is to improve the quality of life for residents,families and <br /> communities in Central Minnesota through comprehensive and integrated community <br /> development. Key program areas indude: <br /> Economic Development-increasing business creation and expansion through <br /> business loans; funding programs that eliminate barriers to economic development <br /> such as work force and housing development. <br /> Leadership Development-developing the leadership capacity of individual <br /> communities to prepare and implement an integrated community development <br /> plan. In addition,we will increase the leadership capacity of multi-community <br /> dusters to manage change and growth. <br /> Innovative Programming-providing funding for innovative programs that address <br /> emerging needs,such as telecommunications programs,helping communities <br /> • sustain themselves,nonviolence initiatives,etc. <br /> 70 SE First Avenue • Little Falls, MN 56345 • (320) 632-9255 • Fax (320) 632-9258 <br />