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Cow <br />ADOPT RESOLUTION #07- 08 -XXX ACCEPTING THE DONATION OF A TREADMILL <br />FROM LIFE FITNESS <br />By: Diana Lund, Finance Officer <br />Background: <br />Annually the City of Ramsey's Economic Development Authority sponsors the Ramsey Business <br />Appreciation Day golf outing. This year the event will be held at the Links of Northfork on <br />August 21, 2007. <br />During the event, prizes will be awarded to participants. One of the prizes this year will be a <br />treadmill, valued at $2,499. This treadmill was donated by local business Life Fitness. <br />The City wishes to acknowledge the acceptance of this generous donation, with the adoption of <br />the attached resolution. <br />Funding Source: <br />No City funding source required. <br />Council Action: <br />Adopt Resolution #07- 08 -XXX accepting the donation of a treadmill from Life Fitness to be <br />given away as part of a prized drawing at the annual Ramsey Business Appreciation Day Golf <br />outing. <br />Reviewed by: <br />Finance Officer <br />Economic Development Coordinator <br />—75— <br />