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RES 20-42CITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO: 2020-42 ACCEPTING A DONATION FROM THE BANK OF ELK RIVER WHEREAS, The Bank of Elk River has made a cash donation of $1,000.00 to the City of Otsego Parks; and WHEREAS, the donation to the City is for the purpose of supporting provisions of community events in through the Parks and Recreation Department; and WHEREAS, Minnesota Statutes 465.03 requires that all gifts and donations of real or personal property be accepted only with adoption of a resolution of the governing body; and WHEREAS, the City of Otsego sincerely thanks The Bank of Elk River for their generous donation and for its support of the community. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA: That the donation from the Bank of Elk River in the amount of $1,000 has been hereby accepted. ADOPTED by the Otsego City Council this 13th day of July, 2020. MOTION BY: Warehime SECONDED BY: Tanner IN FAVOR: Stockamp, Warehime, Tanner, Goede OPPOSED: None CITY OF OTSEGO Jessica L. Stockamp, Mayor ATTEST: Tami M. Loff, City Clerk