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4.8 SR 05-15-2023 Request for Action To Item Number Mayor and City Council 4.8 Agenda Section Meeting Date Prepared by Consent Agenda May 15, 2023 Karen Wingard, Special Events Coordinator Item Description Reviewed by Acknowledge: Agreement between Elk River Fire Joe Stremcha, Assistant City Administrator Foundation and Elk River Farmers Market Reviewed by Cal Portner, City Administrator Action Requested Adopt, by motion, the agreement between the Elk River Fire Foundation and Elk River Farmers Market for reimbursement of promotional tokens. Background/Discussion From direction of the Office of the State Auditor regarding gift cards (token equivalent) regarding our Public Purpose Expenditure Policy. Attached is an agreement for a one-year contract between the city and Elk River Fire Foundation to financially facilitate the promotional programs at the Elk River Farmers Market in fiscal year end (FYE) 2023. Financial Impact The sponsorship money allocated to the promotional programs ($8,000) is redirected to the Elk River Fire Foundation. In addition, a donation of at least $1,000 is provided to the Elk River Fire Foundation for their FYE 2023 fund management services. The Elk River Farmers Market will cover Fire Foundation expenses necessary to facilitate reimbursement of the promotional tokens Mission/Policy/Goal Opportunity to live, work, and play Attachments  Agreement The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity. Updated: January 2023 May 11, 2023 Missy Wilson President, Elk River Fire Foundation th 13836 186 Lane NW Elk River, MN 55330 Dear Missy: This letter of contract is to formalize the arrangement between the Elk River Fire Foundation and the City of Elk River Farmers Market regarding the partnership to assist with the promotion and advertisements of the Elk River Farmers Market by the Elk River Fire Foundation. The Elk River Fire Foundation has undertaken activities to promote the agricultural and economic resources of the City of Elk River through specific focus on the Elk River Farmers Market. The City of Elk River received sponsorship money from local stakeholders to support the Elk River Farmers Market. Pursuant to Minn. Stat. § 469.191, the City of Elk River will donate the current sponsorship money of $8,000 to the Fire Foundation. Future sponsorship money will be directed to the Fire Foundation. If at the conclusion of the market there is not a minimum fund balance of $1,000 in the account of Elk River Farmers Market sponsorship money operated by the Elk River Fire Foundation, the city shall donate an additional amount to equal $1,000. Finally, if additional fees are incurred to the Fire Foundation for its promotional efforts of the Farmers Market, the city shall provide a supplemental donation covering the additional expenses. If the funds remaining are more than $1,000, the excess funds will be retained by the Fire Foundation for future Farmers Market promotional activities. The Elk River Fire Foundation will oversee the promotional token program and shall reimburse vendors for the promotional tokens three (3) times per season. The Elk River Farmers Market will assist that process by coordinating invoices for each vendor listing the payment amount due. For its promotional efforts, the Elk River Fire Foundation shall receive the following: 1. Elk River Fire Foundation logo and name listed as a contributing partner to the Elk River Farmers Market on all marketing material. 2. Opportunities for the Fire Foundation to attend the market at any time they should choose. 3. Marketing materials for the Elk River Fire Foundation at the main city table. 13065 Orono Parkway Elk River, MN 55330 763.635.1000 ElkRiverMN.gov Donation payment for the 2023 series shall be made prior to the start of the 2023 Elk River Farmers Market. Sincerely, Karen Wingard Special Events Coordinator City of Elk River ELK RIVER FIRE FOUNDATION I hereby accept the terms and conditions as outlined in this agreement to provide reimbursement to vendors of the Elk River Farmers Market from sponsorship funds donated as noted herein. By: ______________________________________ (with delegated authority) Title: ____________________________________ Date: ____________________ CITY OF ELK RIVER The City of Elk River certifies that the appropriate representatives 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