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<br />reI ---'\) <br />( ); <br />lfi~ <br /> <br /> <br />Item #5.2. <br /> <br />River <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />Mayor & City Council <br /> <br />~)Y- FROM: <br /> <br />Paul T. Steinman, Director of Economic <br />Development <br /> <br />DATE: <br /> <br />October 25, 1999 <br /> <br />SUBJECT: Consider Initiative Foundation Request for <br />Funds <br /> <br />Issue <br /> <br />. <br /> <br />Attached to this memo is a letter from the Initiative Foundation formalizing their <br />request for a donation to their organization from the City of Elk River. As you <br />recall, the Initiative Foundation made a presentation at a previous council meeting. <br />The Economic Development Authority considered such donation request at their <br />October meeting and voted to deny such request. <br /> <br />Recommendation <br /> <br />Staff recommends the council follow suit with the Economic Development Authority <br />and deny a contribution to the Initiative Foundation. <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 />