Laserfiche WebLink
<br />rei ---'\) <br />( ); <br />ltll <br /> <br />MEMORANDUM <br /> <br /> <br />RiverTO: <br /> <br />Mayor & City Council <br />Economic Development Authority <br /> <br />~ROM: <br /> <br />Paul T. Steinman, Director of Economic <br />Development <br /> <br />DATE: <br /> <br />June 23, 1999 <br /> <br />SUBJECT: Initiative Foundation Request <br /> <br />Attached to this memo is a request from the Initiative Foundation - formerly <br />the Central Minnesota Initiative Fund - for a contribution to their capital <br />campaIgn. <br /> <br />With regard to the Initiative Foundation's past requests, the following has <br />occurred: <br /> <br />. <br /> <br />. 1997 - $5,000 contributed ($2,500 EDA, $2,500 City Council) <br />. 1998 - Request denied <br /> <br />The Initiative Foundation is continuing to request the city's additional <br />contribution of $14,929 to meet their total requested donation equivalent to <br />$1.50 per capita. In 1998, the EDA dIrected staff to provide a letter <br />indicating the reasons for denying the contribution request. This letter is <br />attached for your information. <br /> <br />If the Council/EDA have comments regarding this issue, please feel free to <br />call me at 441-4905. If staff does not hear specific comments within the next <br />month, it will proceed to send a letter turning down the contribution request. <br /> <br />. <br /> <br />13065 Orono Parkway · P.O. Box 490 · Elk River, MN 55330. TDD & Phone: (612) 441-7420 · Fax: (612) 441-7425 <br />