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<br /> <br />Request for Action <br /> <br /> <br /> <br /> <br /> <br />To Item Number <br />Mayor and City Council 4.8 <br />Agenda Section Meeting Date Prepared by <br />Consent Agenda May 15, 2023 Karen Wingard, Special Events Coordinator <br />Item Description Reviewed by <br />Acknowledge: Agreement between Elk River Fire Joe Stremcha, Assistant City Administrator <br />Foundation and Elk River Farmers Market <br />Reviewed by <br />Cal Portner, City Administrator <br /> <br />Action Requested <br />Adopt, by motion, the agreement between the Elk River Fire Foundation and Elk River Farmers Market for <br />reimbursement of promotional tokens. <br /> <br />Background/Discussion <br />From direction of the Office of the State Auditor regarding gift cards (token equivalent) regarding our Public <br />Purpose Expenditure Policy. <br /> <br />Attached is an agreement for a one-year contract between the city and Elk River Fire Foundation to financially <br />facilitate the promotional programs at the Elk River Farmers Market in fiscal year end (FYE) 2023. <br /> <br />Financial Impact <br />The sponsorship money allocated to the promotional programs ($8,000) is redirected to the Elk River Fire <br />Foundation. <br /> <br />In addition, a donation of at least $1,000 is provided to the Elk River Fire Foundation for their FYE 2023 fund <br />management services. <br /> <br />The Elk River Farmers Market will cover Fire Foundation expenses necessary to facilitate reimbursement of the <br />promotional tokens <br /> <br />Mission/Policy/Goal <br />Opportunity to live, work, and play <br /> <br />Attachments <br /> Agreement <br /> <br /> <br /> <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional <br /> <br />service, and community engagement that encourages and inspires prosperity. <br />Updated: January 2023 <br /> <br />