RES 2025-30 Accepting Donation from The Bank of Elk RiverCITY OF OTSEGO
COUNTY OF WRIGHT
STATE OF MINNESOTA
RESOLUTION NO: 2025-30
ACCEPTING A DONATION FROM THE BANK OF ELK RIVER AND
FEDERAL HOME LOAN BANK (FHLB) MEMBER IMPACT FUND
WHEREAS, the Bank of EII< River submitted an application to the Federal Home Loan Banl< (FHLB) Member Impact Fund to
support the development of the Fire & Emergency Services Department and pledged $2,500 in support of the application; and
WHEREAS, the grant application was accepted and approved by the FHLB Member Impact Fund; and
WHEREAS, the FHLB Member Impact Fund provided a contribution of $7,500 with their acceptance and approval of the
application; and
WHEREAS, a total grant donation in the amount of $10,000 was presented to the City of Otsego on June 27, 2025; and
WHEREAS, the City of Otsego sincerely thanks the Bank of EII< River and the FHLB Member Impact Fund for their generous
donation and for their 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 and Federal Home Loan Bank Member Impact Fund in the amount of
$10,000 has been hereby accepted.
ADOPTED by the Otsego City Council this 14th day of July, 2025.
MOTION BY:
SECONDED BY:
IN FAVOR.
OPPOSED.
Dunlap
'fanner
Stockamp,
one
Dunlap, Goede, Lund, and +fanner
1
CITY OF OTSEGO
ATTEST:
Audra Etzel, City Clerk