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Item No. 2. <br />Meeting Date: May 6, 2024 <br />Type of Business: Council Work Session <br />City Administrator Review: ______ <br /> <br />City of Mounds View Staff Report <br />To: Honorable Mayor and City Council <br />From: Gayle Bauman, Finance Director <br />Item Title/Subject: Twin Cities Gateway Funds Allocation <br /> <br />Introduction <br />Council approved the 2024 Member City Grant Agreement with Twin Cities Gateway in the amount of <br />$10,620 on April 8, 2024. Per the Grant Agreement, the funds shall be used for the purpose of marketing <br />and promoting the City as a tourist or convention center. Twin Cities Gateway has specified that grant <br />funds must be used for advertising, marketing, and promotional efforts to increase participation, <br />attendance, or visitation to an event, activity, or facility located within the City, and/or to add new <br />activities to enhance existing events. The advertising, marketing, and promotional efforts for which said <br />grant funding is used must extend beyond the borders, or boundaries of the City. <br /> <br />Background <br />The City received $7,595 in 2022. Of this amount, $5,920 went to the Mounds View Festival and $1,675 <br />went to the Community Center. <br /> <br />The City received $10,090 in 2023. Of this amount, $6,520 went to the Mounds View Festival and $3,570 <br />went to the Community Center. <br /> <br />Conclusion <br />Staff is looking for direction from the Council on how to allocate the grant funds for 2024 in the amount <br />of $10,620. <br /> <br />Respectfully Submitted, <br /> <br /> <br />Gayle Bauman, Finance Director