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L I B R A R Y• <br /> eiet <br /> • <br /> August 20, 2008 <br /> To: Pequot Lakes City Council <br /> From: Pequot Lakes Community Library Board <br /> The Library Board has voted to purchase a$10,000 Certificate of Deposit designated as <br /> Endowment to be taken from its Checking/Money Market Account. A majority of this <br /> money was designated for the Endowment as a result of the June letter writing campaign. <br /> The Library Board would like the Council to know that it is working hard to develop an <br /> endowment that will support the library in the future. It is definitely slow work, but the <br /> goal is consistent. <br /> Thank you. <br /> 0):g1,4714-1 <br /> Nancy A. Adams <br /> Library Board President <br /> Pequot Lakes Library, 4638 Co. Rd. 11, Pequot Lakes, MN 56472 • 218-568-6181 <br />