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CONSIDER CONTRIBUTION TO THE CITY OF RAMSEY FOUNDATION <br /> By: Jason J Schmidt, Management Intern <br /> <br />Background: <br /> <br /> Over the past year, the City of Ramsey has .been working towards establishing a <br />sister city relationship with the community of Loudi, China. A small group of <br />community leaders has been meeting on a regular basis to develop economic and <br />educational connections with Loudi to assist in developing the relationship between the' <br />two cities. This group has recommended creating a foundation that could receive <br />contributions from local businesses and community groups in support of their work. <br />During the November 7 City Council meeting, a one-time contribution of $5,000 to The <br />City of Ra. msey Foundation was discussed, but the action was tabled until the foundation <br />completes their start up budget and initial paper work. Attached iS a letter from The City <br />of Ramsey Foundation and their adopted start up budget. The $5,000 contribution would <br />be to help the foundation pay for the initial start up fees. If Council should approve the <br />contribution, staff would recommend the funding be taken from the 2005 budget for <br />contracted services within the Community Services budget. <br /> <br />Staff Recommendation: <br /> Consider contribution in the amount of $5,000 to The CityofRamsey Foundation <br />from the 2005 budget for contracted services within the Community Services budget. <br /> <br />Council Action: <br /> Consider Resolution No. 05-12-xx Authorizing $5,000 Contribution to The City <br />of Ramsey Foundation in support of the Sister City Relationship with Loudi, China. <br /> <br />Reviewed by: <br />City Administrator <br />Finance Officer <br /> <br />CC 12/13/05 <br /> <br />-502- <br /> <br /> <br />