09.01 Acceptance of Armed Services Flag Display Donation

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►' � FM Area Foundation lanuary 31, 2�2� Connecting people and purpose. Nancy Malecha, City Administrator City of Pequot Lakes 4638 County Road 11 Pequot Lakes MN 56472 Dear Nancy, It has been a pleasure working with you these past three and a half years regarding the generous gifts one of our donor/fund-holders has been granting to the city of Pequot Lakes. In lune of 2016, I sent you a letter on behalf of our fundholder outlining gifts they were willing to make in order to assist with the Trailside Park renovation. These included: • An offer to provide$150,000 to develop a State Flag Display in Trailside Park modelled in concept after the Avenue of State Flags at Mount Rushmore. To date, our fundholder has �� granted$125,216.40 to Pequot Lakes for the State Flag Display. In addition, a separate U.S. Armed Services f�ag display is being planned to be constructed around the Veteran's Memorial. The donor has agreed to grant additional dollars to cover the cost of this project. • An offer to provide$100,000 to construct a splash pad in Trailside Park. No dollars have been granted to date as this project is still in the planning phase. In our luly 10, 2019 conversation you mentioned at that time you had received one bid with an accompanying presentation for the splash pad project and the bid came in at slightly more than$100,000. I spoke with the donor and on July 25, 2019 I conveyed to you the donor agreed to cover any additional and reasonable costs over$100,000 for the construction of the splash pad. One additional note, since 2018 the donor has granted $21,775 to support the Pequot Lakes Fire Department. This support will continue on an annual basis from the annual distribution of the donor's endowed, designated fund created at the FM Area Foundation. As a reminder,the donor wishes to provide these grants anonymously with no acknowledgement or identification of the donor. Thank you and the city of Pequot Lakes for your continued consideration of our donor's thoughts and wishes. I look forward to continuing to work with you. Sincerely, Greg Diehl Ourvision is to address all q�alrty of life needs Director of Gift Planning and Donor Services in our community by creatmg unlimited philanthropic resources. '�� ' • � ' � NATIONAL . .. � : � - � �. • • � STANDARDS'