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(320)632-9255 <br />405 First Street SE <br />Little Falls, MN 56345 <br />ifound.org <br />May 30, 2018 <br />Calvin Portner <br />City Administrator <br />City of Elk River <br />13065 Orono Pkwy <br />Elk River, MN 55330 <br />Dear Calvin, <br />,0!U,N m 4 2018 <br />We have received your 2018 allocation, in support of the work of the Initiative Foundation. <br />Please extend our appreciation to your city council. Thank you! <br />--• <br />Together, we work to build strong local economies and vibrant communities. Your investment <br />supports economic development through business financing activities designed to create <br />living -wage jobs, diversify economies and leverage private sector investment. Communities <br />are strengthened through signature leadership training and capacity building programs, grants <br />to local units of government and nonprofit organizations, early childhood initiatives, and <br />scholarships. This work will provide lasting impact on the health of the region and the future <br />of rural Minnesota. <br />We truly value your partnership and your support. <br />Sincerely, <br />A16w- aL- <br />Matt Varilek Carrie Tripp <br />President Vice President for External Relations <br />lM I <br />93 Powering Possible Equal opportunity lender. provider and employer. <br />