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6.2. SR 02-01-2021 Request for Action To Item Number Mayor and City Council 6.2 Agenda Section Meeting Date Prepared by Presentations, Awards February 1, 2021 Michael Hecker, Parks and Recreation Director and Recognitions Item Description Reviewed by Acknowledge Contribution by The Bank of Elk Cal Portner, City Administrator River and Approve Contract Reviewed by Action Requested 1. Adopt, by motion, a resolution acknowledging contribution by The Bank of Elk River. 2. Approve, by motion, contract with The Bank of Elk River. Background/Discussion The Bank of Elk River has contributed funds to support the Riverfront Concert Series operated by the Elk River Parks and Recreation Department. Attached is a resolution acknowledging and recognizing The Bank of Elk River for their contribution towards the 2021 Riverfront Concert Series. Attached is an agreement for a two-year contract between the city and The Bank of Elk River to sponsor the Riverfront Concert series for 2021 and 2022. It was reviewed by the City Attorney. Financial Impact The financial contribution is in the amount of $19,000 for the 2021 season and $20,000 for the 2022 season. Mission/Policy/Goal Opportunity to live, work, and play Attachments  Resolution  Contract The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity. Updated: August 2020 13065 Orono Parkway Elk River, MN 55330 763.635.1000 ElkRiverMN.gov January 4, 2021 Julia Schreifels Assistant Vice President, Director of Marketing The Bank of Elk River 630 Main Street NW Elk River, MN 55330 Re: Riverfront Concert Series Contract Dear Julia: This letter of contract is to formalize the agreement between The Bank of Elk River and the City of Elk River regarding the sponsorship of the Riverfront Concert Series. The term of the contract shall be for two years including 2021 and 2022 concert seasons. The Bank of Elk River shall contribute annually to secure the exclusive sponsorship rights of the Riverfront Concert series as follows: § 2021 $19,000 § 2022 $20,000 The annual sponsorship benefits will include: 1. Sole corporate sponsor of the Riverfront Concert Series. 2. The development of a marketing plan focusing on The Bank of Elk River sponsorship. The plan will be developed in conjunction with The Bank of Elk River staff to ensure all groups are informed and in agreement of marketing methods being utilized. 3. First right of refusal to sponsor any other Elk River Park and Recreation Department events that incorporate major corporate sponsors. In the event that either party wishes to terminate the contract within the two-year operational period, notification needs to be provided no later than November 1 prior to the next summer concert series. Sponsorship payment for each series shall be made by February 1 prior to the next summer concert series. Sincerely, Cal Portner Administrator City of Elk River THE BANK OF ELK RIVER I hereby accept the terms and conditions as outlined in this letter to provide sponsorship funds as noted herein. By: ______________________________________ (with delegated authority) Title: ____________________________________ Date: ____________________ CITY OF ELK RIVER The City of Elk River certifies that the appropriate person(s) have executed the contract on behalf of the City as required by applicable articles or bylaws. By:_______________________________________ Date: _________________________ John J. Dietz, Mayor By:_______________________________________ Date: _________________________ Tina Allard, City Clerk Vice President, Director of Marketing & Communications 1.15.2021 City of Elk River City Council Resolution 21-____ A Resolution of the City Council of the City of Elk River Acknowledging Contributions WHEREAS, the City of Elk River is grateful to all civic groups, organizations, and individuals for their contributions to the community; and WHEREAS, the City of Elk River received a $19,000 donation from The Bank of Elk River with the intent it be used by Parks and Recreation for Riverfront Concert Series 2021. NOW, THEREFORE, BE IT RESOLVED by the City Council, by at least four-fifths vote, to acknowledge the support and commend The Bank of Elk River for their donation. The motion for adoption of the foregoing resolution was introduced by Councilmember ___________ and duly seconded by Councilmember ______________, and upon vote being taken thereon, the following voted in favor thereof: and the following against: , whereupon said resolution was declared duly passed and adopted. The following members were present: and the following absent: st Passed and adopted this 1 day of February 2021. John J. Dietz, Mayor ATTEST: Tina Allard, City Clerk