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RES 2024-20 Accepting a Donation from the Bank of Elk RiverCITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO: 2024-20 ACCEPTING A DONATION FROM THE BANK OF ELK RIVER WHEREAS, the Banl< of EII< River has made a cash donation of $8,000.00 to the City of Otsego; and WHEREAS, the donation to the City is for the purpose of supporting community events, health and wellness in the community and to provide free and reduced recreational opportunities throughout the year; and WHEREAS, Minnesota Statutes 465.03 requires that all gifts and donations of real or personal property to be accepted only with the adoption of a resolution of the governing body; and WHEREAS, the City sincerely thanks the Banl< of EII< 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: 1. That the donation from the Bank of Elk River in the amount of $8,000 has been hereby accepted. ADOPTED by the Otsego City Council this 26th day of Feburary, 2024. MOTION BY: SECONDED BY: IN FAVOR: OPPOSED: Dunlap Goede Stockamp, one Dahl, Dunlap, and Goede CITY OF OTSEGO ATTEST; ;.....,, Audra Etzel, City Clerk