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Fo Ki4t jt-fit <br /> November 29, 1999 <br /> INITIATIVE <br /> FOUNDATION <br /> Paul Steinman, Director of Economic Development <br /> City of Elk River <br /> PO Box 490 <br /> Elk River, MN 553 0 <br /> Dear Mr. Ste <br /> Thank you for notifying us that the Elk River City Council and EDA has decided to <br /> deny our 1999 request for funding. Although disappointed, we appreciate the <br /> thoughtful consideration that was given to our request. And, we look forward to <br /> continuing to work with the City on community and economic development <br /> initiatives. <br /> We would like to share that we have received additional contributions from two of <br /> your neighboring cities—Becker and Rockford. Becker has now contributed 97 <br /> percent of the original request, and Rockford has provided us with 22 percent of the <br /> amount we requested. <br /> We will continue to send the City of Elk River an annual update in May or June of <br /> each year. This report will highlight some of our key activities in your area, so you <br /> can keep informed about the various projects we are supporting in Sherburne <br /> County. In that letter, we will again ask that you continue to support our efforts <br /> with an additional contribution. We will continue to ask that you give something <br /> each year, which will help bring you closer to amount that we are requesting from <br /> all cities in the region ($1.50 per capita). It is our hope that all of the cities will <br /> provide 100 percent of our original funding request by the end of the Capacity Fund <br /> Campaign (June 30, 2002). Again, each dollar we receive is matched dollar-for- <br /> dollar by The McKnight Foundation, which will truly benefit Sherburne County <br /> and the entire region. <br /> If you have any comments or questions, please feel free to call me at 877/632-9255. <br /> Your interest and support of our work in the region is greatly appreciated. <br /> Sincerely, <br /> Kathy Gaalswyk <br /> President <br /> CENTRAL MINNESOTA'S <br /> INITIATIVE FUND <br /> • cc: Stephanie Klinzing, Mayor <br /> City Council 70 SE FIRST AVENUE <br /> LITTLE FALLS. MN 56345 <br /> Rita Clark-Johnson, Initiative Foundation Board Member ': PHONE: 320.632.9255 <br /> FAX: 320.632.9258 <br /> WWW.IFOUND.ORG <br />