Agenda - Economic Development Authority - 06/04/2015

Home

support across all business sectors in the community. Demonstrating support of the diverse business community as well as showcasing/informing businesses and citizens of the efforts of the EDA is an important effort. The concert sponsorship provides the EDA an opportunity to engage with the community in another fashion. The 2014 Summer Concert Series 'investment' by the City (then the HRA) was $1,500. Staff is requesting that the EDA consider this same amount, which is accounted for within the 2015 EDA's General Fund budget. As a point of information, the direct cost of two of the upcoming performances are $1,800, and the total 2015 performer expenses are in excess of $13,000. The Ramsey Foundation partners with the City's business community and other philanthropic organizations to fund the concerts. Funding Source: EDA Miscellaneous Operating Supply, 2015 Budget. Recommendation: Staff recommends the Economic Development Authority appropriate $1,500 to the Ramsey Foundation for The Draw Summer Event Series. Action: Motion to approve/not approve $1,500 for The Draw Summer Event Series, and direct staff to proceed with the program of business of the year for 2015. Attachments Concert line-up 2014 Highlights Form Review Inbox Reviewed By Date Patrick Brama Patrick Brama 06/01/2015 02:09 PM Kurt Ulrich Kurt Ulrich 06/01/2015 04:16 PM Form Started By: Mark Riverblood Started On: 05/01/2015 07:55 AM Final Approval Date: 06/01/2015