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4.7 SR 01-16-2024�, Elk s �- River Request for Action To Item Number Ma Tor and CinT Council 4.7 Agenda Section Meeting Date Prepared by Consent A enda anuar�r 16, 2024 Michael HeckeY, PaYks and RecYeation Mana er Item Description Reviewed by Acknowledge Contribution b�T The Bank of Elk River oe Stremcha, Assistant Ci r Administrator and Approve Contract Reviewed by Cal Pormer, City Administrator Action Requested 1. Adopt, byT motion, a resolution acknowledging contributions byT 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 PaYks and Recreation DepaYtment and was Yecognized at the OctobeY 16, 2023, City Council meeting foY their 15- yTear parmership with the cityT. Attached is a resolution acknowledging The Bank of Elk River for their contYibutions toward the next three years, 2024, 2025, and 2026. Attached is an agYeement foY a three-yrear contYact between the cityr and The Bank of Elk RiveY to sponsor the RiveYfront Concert series for the next three tireaYs. Financial Impact The financial contribution is in the amount of $25,000 for the 2024 season, $26,000 for the 2025 season and $27,000 for the 2026 season. Mission/Policy/Goal OpportunityT to live, work and play Attachments ■ Resolution ■ Contract The Elk River Vision A 2a�elcolning co�nlnunity 2a�ith T evolutiona� y and spizzted T esou� cefulness, exceptional se�vice, and coln�nunity engagelnent that encou�ages and ins�iz•es pTo�pe�zty. rowEREo ar �I'1 ���� Up�lated.• January 2023 City of Elk -�-� River City of Elk River City Council Resolution 24- 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 communityT; and WHEREAS, the City- of Elk River will receive $25,000 in 2024, $26,000 in 2025, and $27,000 in 2026 donations from The Bank of Elk River with the intent it be used byT Parks and Recreation for the Riverfront Concert Series in 2024, 2025, and 2026. NOW, THEREFORE, BE IT RESOLVED by the CityT Council, byT at least four-fifths vote, to ackno`vledge the support and commend The Bank of Elk River for their donations. The motion for adoption of the foregoing resolution was introduced byT Councilmember and dulyT seconded byT Councilmember , and upon vote being taken thereon, the following voted in favor thereo£ and the follo�ving against: ,`vhereupon said resolution �vas declared du1�T passed and adopted. The following members were present: and the following absent: Passed and adopted this 16`i' day of January 2024. ATTEST: John J. Dietz, Mayor Tina Allard, CityT Clerk rowEREo er ���V�� � City of Elk -�-1 River January 16, 2024 Julia Schreifels Assistant Vice President, Director of Marketing The Bank of Elk River 630 Main Street NW Elk RiveY, MN 55330 Dear Julia: This letteY of contract is to formalize the agreement between The Bank of Elk River and the Cityr of Elk River regarding the sponsorship of the Riverfront Concert Series. The term of the contract shall be for three years including the 2024, 2025 and 2026 concert seasons. The Bank of Elk River shall contribute annually to secure the exclusive sponsorship rights of the Riverfront Concert series as follows: ■ 2024 ■ 2025 ■ 2026 $25,000 $26,000 $27,000 The annual sponsorship benefits `vill include: 1. Sole corporate sponsor of the Riverfront Concert Series. 2. The development of a marketing plan incorporating 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. A Resolution accepting the three donations �vill be held at a Cit�T Council meeting. 4. r� commitment to bring in high quality bands for each yTear with consideration of theme nights and engaging activities. 5. The Bank of Elk River `vill receive a free Orono Park pavilion reservation once each yTear for their annual summer picnic. First right of refusal to sponsor anyT other major Elk River Park and Recreation Department events that incorporate major corporate sponsors. In the event either party wishes to terminate the contract within the three-year operational period, notification needs to be provided no lateY than SeptembeY 1 prioY to the next summeY conceYt series. 13065 Orono Parkway Elk River, MN 55330 Phone: 763.635.1000 www.ElkRiverMN.gov rowEnEo e� ��►�'UR� Sponsorship payrment for each series shall be made by FebYuaryr 1 prioY to the next summeY conceYt series. Sincerely, Calvin P. Portner CityT Administrator CityT of Elk River THE BANK OF ELK RIVER I hereb�r accept the terms and conditions as outlined in this letter to provide sponsorship funds as noted herein. C (with delegated authorit�r) Title: Date: CITY OF ELK RIVER The Cityr of Elk RiveY ceYtifies that the appropriate person(s) have executed the contract on behalf of the cityr as required byT applicable articles or b�rlaws. ByT: MayTor B�T: Cit�T Clerk Date: Date: Per M.S. § I 3.05, subd. I I-�ll data cieated, collected, received, stored, used, inaintained, or clisseminated U� Tlie Bank of Elk Rivei in peifoiming huictions for the CitS of Elk River is subject to the requiLements of the b'Lnnesota Gocernment Data Piacuces �ct and must complr with those reqiurements as ii it weie a govemment entiri�. The iemeclies in section in ILS. \ 13.08 app1�- to The Bank oi Elk Rivei under tlus suUclivision. Tlus suUclivision does not create a dute- on die paLt oi the private person to piovide access to public data to the pnblic if the public data are available fiom the gocenunent entitP, except as iequiied b� the teims of the conuact.