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<br /> <br /> <br /> <br /> <br />May 11, 2023 <br /> <br /> <br />Missy Wilson <br />President, Elk River Fire Foundation <br />th <br />13836 186 Lane NW <br />Elk River, MN 55330 <br /> <br />Dear Missy: <br /> <br />This letter of contract is to formalize the arrangement between the Elk River Fire Foundation and the City of <br />Elk River Farmers Market regarding the partnership to assist with the promotion and advertisements of the <br />Elk River Farmers Market by the Elk River Fire Foundation. The Elk River Fire Foundation has undertaken <br />activities to promote the agricultural and economic resources of the City of Elk River through specific focus on <br />the Elk River Farmers Market. <br /> <br />The City of Elk River received sponsorship money from local stakeholders to support the Elk River Farmers <br />Market. Pursuant to Minn. Stat. § 469.191, the City of Elk River will donate the current sponsorship money of <br />$8,000 to the Fire Foundation. Future sponsorship money will be directed to the Fire Foundation. If at the <br />conclusion of the market there is not a minimum fund balance of $1,000 in the account of Elk River Farmers <br />Market sponsorship money operated by the Elk River Fire Foundation, the city shall donate an additional <br />amount to equal $1,000. Finally, if additional fees are incurred to the Fire Foundation for its promotional <br />efforts of the Farmers Market, the city shall provide a supplemental donation covering the additional expenses. <br />If the funds remaining are more than $1,000, the excess funds will be retained by the Fire Foundation for <br />future Farmers Market promotional activities. <br /> <br />The Elk River Fire Foundation will oversee the promotional token program and shall reimburse vendors for <br />the promotional tokens three (3) times per season. The Elk River Farmers Market will assist that process by <br />coordinating invoices for each vendor listing the payment amount due. <br /> <br />For its promotional efforts, the Elk River Fire Foundation shall receive the following: <br /> <br />1. Elk River Fire Foundation logo and name listed as a contributing partner to the Elk River Farmers <br />Market on all marketing material. <br />2. Opportunities for the Fire Foundation to attend the market at any time they should choose. <br />3. Marketing materials for the Elk River Fire Foundation at the main city table. <br /> <br />13065 Orono Parkway <br />Elk River, MN 55330 <br />763.635.1000 <br /> <br /> <br /> <br />ElkRiverMN.gov <br /> <br /> <br />