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4.5 SR 05-06-2024The Elk River Vision A welcoming community with revolutionary and spirited resourcefulness, exceptional service, and community engagement that encourages and inspires prosperity Request for Action To City Council Item Number 4.5 Meeting Date May 6, 2024 Prepared By Karen Wingard, Farmer's Market/Event Coordinator Item Description Agreement 24-11 Between Elk River Fire Foundation and Elk River Farmers Market Reviewed by: Joe Stremcha Cal Portner Tina Allard Action Requested Adopt, by motion, Agreement 24-11 between the Elk River Fire Foundation and Elk River Farmers Market for reimbursement of promotional tokens. Background/Discussion From the direction of the Office of the State Auditor regarding gift cards (token equivalent) and our Public Purpose Expenditure Policy. Attached is the agreement for the 2024 outdoor market between the city and Elk River Fire Foundation to financially facilitate the promotional programs at the Elk River Farmers Market through October 10, 2024. Financial Impact The sponsorship money allocated to the promotional programs will be directed 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 2024 outdoor market fund management services. The Elk River Farmers Market will cover Fire Foundation expenses necessary to facilitate reimbursement of the promotional tokens. Mission/Policy/Goal Ethical, efficient, and responsible Attachments 1. 2024 outdoor market signed contract ER Fire Foundation Page 51 of 254 Page 52 of 254 Page 53 of 254