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Novembex 3, 2023 <br />Missy Wilson <br />President, Elk River Fire Foundation <br />13836 186`�' Lane NW <br />Elk River, MN 55330 <br />Dear Missy: <br />This lettex of contract is to formalize the continuation of the agreement between the Elk River Fire <br />Foundation and the City of Elk Rivex regaxding the paxmexship to assist with the financial disbuxsement of <br />promorional tokens thxoughout the 2023-2024 indoor farmers market season. <br />The term of the contract shall be for the 2023-2024 indoor farmexs market season (Novembex 2023 — May <br />2024. The City of Elk River will provide funds to the Elk River Fixe Foundarion to cover the costs of vendor <br />reimbuxsements and pay the Elk River Fire Foundation $1,000 for the fund management services provided <br />by the foundation. <br />If additional fees are incurred by the Fire Foundation due to facilitating reimbursement of the promotional <br />tokens those fees will be paid by the City of Elk RiveY through a supplemental payment covering the <br />additional expenses. If funds remaining are more than $1,000, the excess funds will be carried over to the <br />summer 2024 farmers market season. <br />In return, the Fire Foundation will reimbutse vendors for the promotional tokens throughout the indoox <br />season based on a schedule set between the Fire Foundation and Faxmers Maxket Coordinator. The Elk <br />River Fa�ners Market will provide an invoice for each vendor listing the payment amount due. <br />Sincerely, <br />� �� <br />Kaxen Wii <br />Special Events Coordinator <br />City of Elk River <br />13065 Orono Parkway <br />Elk River, MN 55330 P 0� E R E D B 1 <br />763.635.1000 �� ��� � <br />E1kRiverMN.gov <br />