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EDSR INFORMATION #1 09-21-1998 SEP n CENTRAL MINNESOTA INITIATIVE FUND I i i , ttl September 14, 1998 Paul Steinman City of Elk River Box 490 Elk River,MN 55330 Dear Paul, This is to confirm that the Initiative Fund's presentation to the Elk River EDA has been re-scheduled to Monday, October 12, 1998 at 6:00 p.m. As we've discussed by phone, the purpose of our presentation will be to update the EDA on the Initiative Fund's activities in the Sherburne County area, and to respond to any questions about the request for support that we submitted to the City on August 11, 1998. Based on our phone contact, it is my understanding that our request will most likely fall outside of the City's budget process. As you indicated, any contribution the City might 111 make to the Initiative Fund at this point would probably come from reserves, and therefore does not need to be identified in the draft budget. This was helpful information. We look forward to seeing you and the members of the EDA on the 12th. Please do not hesitate to call if you need further information, or have any questions. Sincerely, Kathy Gaalswyk Executive Director CC: Pat Klaers, City Administrator Rita Johnson,Initiative Fund Board of Directors Mary Eberley,Initiative Fund Advisory Board • 70 SE First Avenue Little Falls, MN 56345 • (320) 632-9255 - Fax (320) 632-9258