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Fd. 0477. 00 <br /> (../ ---\( _______ <br /> IC Op <br /> tik:-' River <br /> October 28, 1999 <br /> Kathy Gallswyk <br /> Initiative Foundation <br /> 70 SE First Avenue <br /> Little Falls, Minnesota 56345 <br /> Dear Kathy: <br /> SUBJECT: CONTRIBUTION REQUEST <br /> The Elk River City Council and Economic Development Authority recently took action to <br /> deny the Initiative Foundation's 1999 request for funding. After reviewing information by <br /> Connie Marcyes dated September 28, 1999, it became apparent that we have already <br /> provided a fair percentage of the originally requested contribution. I have evaluated the <br /> summary that was provided by your office as follows: <br /> 0 %of Request <br /> City Granted <br /> Becker 39% <br /> Big Lake 17% <br /> Clear Lake 0% <br /> Elk River 25% <br /> Zimmerman 99% <br /> Buffalo 14% <br /> Monticello 11% <br /> Rockford 11% <br /> Our current contribution to date - $5,000—as a percentage appears to lie somewhere within <br /> what other communities in our region have determined is most appropriate as a <br /> contribution to the Initiative Foundation. <br /> If you have any questions or comments, please feel free to call me at 612-441-4905.opnSiyour / <br /> 01 <br /> '.ul Steinman <br /> Director of Economic Development <br /> 10 c: City Council <br /> Economic Development Authority <br /> 13065 Orono Parkway • P.O.Box 490 • Elk River,MN 55330 • TDD &Phone: (612) 441-7420 • Fax: (612)441-7425 <br />