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EOty1� ,.,�� Request for Action <br /> River <br /> To Item Number <br /> Mayor and City Council 6.1 <br /> Agenda Section Meeting Date Prepared by <br /> Presentations,Awards, April 3, 2017 Steve Benoit,Recreation Manager <br /> and Recognitions <br /> Item Description Reviewed by <br /> Acknowledge Contribution by The Bank of Elk Michael Hecker, Parks and Recreation Director <br /> River Reviewed by <br /> Cal Portner, City Administrator <br /> Action Requested <br /> 1. Approve,by motion,resolution acknowledging contribution by The Bank of Elk River. <br /> 2. Approve,by motion, adoption of the contract with The Bank of Elk River. <br /> 3. Presentation of plaque. <br /> Background/Discussion <br /> The Bank of Elk River has contributed funds to support the Riverfront Concert Series operated by the <br /> Elk River Parks and Recreation Department. <br /> Attached is a resolution acknowledging and recognizing The Bank of Elk River for their contribution <br /> towards the 2017 Riverfront Concert Series. <br /> Attached is an agreement for a three year contract between the city and The Bank of Elk River to sponsor <br /> the Riverfront Concert series from 2017 to 2019. <br /> Representatives from the Bank of Elk River will be in attendance. <br /> Financial Impact <br /> The financial contribution was in the amount of$16,000 for the 2017 season. $16,000 will also be the <br /> sponsorship amount for the 2018 and 2019 Riverfront Concert series. <br /> Attachments <br /> ■ Resolution <br /> ■ Contract <br /> POWERED 6T <br /> Template Updoted 4/14 INAWRE1 <br />