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�, <br />Elk s �- <br />River <br />Request for Action <br />To Item Number <br />Ma Tor and CinT Council 4.7 <br />Agenda Section Meeting Date Prepared by <br />Consent A enda anuar�r 16, 2024 Michael HeckeY, PaYks and RecYeation Mana er <br />Item Description Reviewed by <br />Acknowledge Contribution b�T The Bank of Elk River oe Stremcha, Assistant Ci r Administrator <br />and Approve Contract Reviewed by <br />Cal Pormer, City Administrator <br />Action Requested <br />1. Adopt, byT motion, a resolution acknowledging contributions byT The Bank of Elk River. <br />2. Approve, by motion, contract with The Bank of Elk River. <br />Background/Discussion <br />The Bank of Elk River has contributed funds to support the Riverfront Concert Series operated by the Elk River <br />PaYks and Recreation DepaYtment and was Yecognized at the OctobeY 16, 2023, City Council meeting foY their 15- <br />yTear parmership with the cityT. <br />Attached is a resolution acknowledging The Bank of Elk River for their contYibutions toward the next three years, <br />2024, 2025, and 2026. <br />Attached is an agYeement foY a three-yrear contYact between the cityr and The Bank of Elk RiveY to sponsor the <br />RiveYfront Concert series for the next three tireaYs. <br />Financial Impact <br />The financial contribution is in the amount of $25,000 for the 2024 season, $26,000 for the 2025 season and <br />$27,000 for the 2026 season. <br />Mission/Policy/Goal <br />OpportunityT to live, work and play <br />Attachments <br />■ Resolution <br />■ Contract <br />The Elk River Vision <br />A 2a�elcolning co�nlnunity 2a�ith T evolutiona� y and spizzted T esou� cefulness, exceptional <br />se�vice, and coln�nunity engagelnent that encou�ages and ins�iz•es pTo�pe�zty. <br />rowEREo ar <br />�I'1 ���� <br />Up�lated.• January 2023 <br />