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Imtiative Foundation Funding Request <br />August 13, 2001 <br />Page 2 <br /> <br />Following is a surmna~T of cities in the region and the percentage of request granted to date: <br /> % of Request Granted <br /> <br />Becket 97% <br />Big Lake 17% <br />Clear Lake 100% <br />Elk River 25% <br />Zimmerman 231% <br />Buffalo 14% <br />Monticello 32% <br />Rockford 22% <br />St. Cloud 24% <br /> <br />Staff believes the City of Elk River has already provided a fair percentage of the original <br />requested contribution. The current contribution to date of $5,000 as a percentage lies <br />within what other communities in the region have determined as the most appropriate <br />contribufon to the Initiative Foundation.. <br /> <br />Requested Action <br />Staff requests direction from the EDA regarding the recent funding request by the Initiative <br />FoundatiOn. A contribution to the Initiative Foundation for the year 2002 is not included in <br />the proposed EDA budget. <br /> <br /> <br />