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7.2. SR 05-16-20111~ver MEMORANDUM TO: Mayor and City Council FROM: Suzanne Kostanshek, Senior Center Coordinator DATE: May 16, 201 I SUBJECT: Activity Center 501 c3 Status Update ITEM 7.2. One of the goals of the Activity and Senior Centers during budget work sessions the past couple years has been to obtain a 501c3 status for grant writing and charitable giving. An additional purpose of obtaining the 501c3 status would be to fundraise fox scholarships for participants of the Activity and Senior Centers. The name of the corporation will be Elk River Activity Center Council, Inc. This council will operate much like the Friends of the Library. Senior Center staff has been working on this project with guidance from Finance Director Tim Simon and Ron Black, a local attorney. The Articles of Incorporation have been written and are now ready to file with the State of MN. The money that is needed for this project will come from donations to the Activity and Senior Centers. There is enough money in this fund to file and to set up a small budget for beginning operation costs. There will be no cost to the city to start this project. N:\Public Bodies\City Council\Council RCA\Agenda Packet\05-16-2011\Acrivity Center Update.docx