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City of <br /> Elk <br /> River <br /> October 31, 2019 <br /> Julia Schreifels <br /> Assistant Vice President,Director of Marketing <br /> The Bank Of Elk River <br /> 630 Main Street NW <br /> Elk River,MN 55330 <br /> Re: Riverfront Concert Series Contract <br /> Dear Julia: <br /> This letter of contract is to formalize the agreement between The Bank of Elk River and the City of Elk <br /> River regarding the sponsorship of the Riverfront Concert Series. <br /> The term of the contract shall be for three years including the 2020, 2021 and 2022 concert seasons. The <br /> Bank of Elk River shall contribute annually to secure the exclusive sponsorship rights of the Riverfront <br /> Concert series as follows: <br /> ■ 2020 $18,500 <br /> ■ 2021 $19,000 <br /> ■ 2022 $20,000 <br /> The annual sponsorship benefits will include: <br /> 1. Sole corporate sponsor of the Riverfront Concert Series. <br /> 2. The development of a marketing plan focusing on The Bank of Elk River sponsorship. The plan <br /> will be developed in conjunction with The Bank of Elk River staff to ensure all groups are <br /> informed and in agreement of marketing methods being utilized. <br /> 3. A Resolution accepting the donation will be held at a City Council meeting. <br /> 4. First right of refusal to sponsor any other Elk River Park and Recreation Department events that <br /> incorporate major corporate sponsors. <br /> 13065 Orono Parkway <br /> Elk River, MN 55330 <br /> Phone: 763.635.1000 <br /> P0WIR10 Ar <br /> � UEl <br /> www.ElkRiverMN.gov <br />