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Request for Action <br /> Cir•ci <br /> Elk - <br /> River= <br /> To Item Number <br /> Economic Development Authority 4.5 <br /> Agenda Section Meeting Date Prepared by <br /> Consent June 21, 2021 Colleen Eddy, Economic Development Specialist <br /> Item Description Reviewed by <br /> Resolution Accepting Donations for the Cal Portner, City Administrator <br /> Slipstream Public Art Initiative Reviewed by <br /> Action Requested <br /> Adopt,by motion,resolution accepting donations from the Bank of Elk River, First Bank of Elk River, the State <br /> Farm Agency, and the Elk River Chamber of Commerce for the Slipstream Public Art Initiative. <br /> Background/Discussion <br /> The Public Art Subcommittee reached out to various organizations to help fund the Slipstream Public Art <br /> Initiative. Four organizations donated$5,250 to help offset costs associated with the Slipstream project: <br /> ■ The Bank of Elk River$2,500 <br /> ■ First Bank of Elk River $2,000 <br /> ■ State Farm—the Kevin Gleitz Agency$500 <br /> ■ Elk River Chamber of Commerce $250 <br /> Financial Impact <br /> The overall Public Art Initiative budget totals $20,000; $10,000 from the EDA,$4,125 from CMAB and$5,250 <br /> from various organizations. <br /> Mission/Policy/Goal <br /> The Public Art Subcommittee works under the EDA to implement a public art initiative. <br /> Attachments <br /> ■ Resolution <br /> The Elk River Vision P I I E R E I I Y <br /> A welcoming community avith revolutionary and spirited resourcefulness, exceptional [NAfUR <br /> service, and community engagement that encourages and inspires prosperity. Updated.August 2020 <br />