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City of <br />Elk - <br />River <br />To <br />City Council <br />Meeting Date <br />December 16, 2024 <br />Item Description <br />Amendment No. I to Agreement 23-27 for Plants <br />and Things Naming Rights <br />Request for Action <br />Item Number <br />4.11 <br />Prepared By <br />Joe Stremcha, Business Services Director/Assistant <br />City Administrator <br />Reviewed by <br />Jeff Shelby <br />Cal Portner <br />Tina Allard <br />Action Requested <br />Approve, by motion, Amendment No. I to Agreement 23-27 for Plants and Things naming rights. <br />Background/Discussion <br />Plants and Things requested to amend their naming rights agreement to include a 12-month repayment <br />schedule. This payment schedule mirrors the Furniture and Things naming rights for the community event <br />center. <br />Financial Impact <br />$35,000 over a 12-month period is $2,916.67 due each month. <br />Mission/Policy/Goal <br />Work with citizens to achieve goals. <br />Attachments <br />1. Naming Rights Agreement - Plants and Things Recreational Complex - Amending contribution schedule <br />(Dec 11 2024) <br />The Elk River Vision <br />A avelcoming community with revolutionary and spirited resourcefulness, exceptional service, and community p p W E R E U A Y <br />engagement that encourages and inspires prosperity <br />273 <br />