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5 <br /> i ,Hugo <br /> City of <br /> 14669 Fitzgerald Avenue North Hugo,MN 55038 651 762-6300 www.d.hugo.inn.us <br /> May 12,2009 f c w►1 } _5E n �- <br /> -�u <br /> Kerstin Quigley <br /> Lake Area Bank <br /> 14602 Everton Ave N. to iigi n E Cq- (S <br /> Hugo, MN 55038 <br /> Re: Donation Request <br /> Dear Ms. Quigley: <br /> The City of Hugo is interested in implementing a Business Retention and Expansion (BR&E) <br /> Program. The objective is to demonstrate community support for local businesses and <br /> encouraging them to expand and grow within the City of Hugo. The University of Minnesota <br /> Extension Services offers this program and has implemented the program in 60 communities <br /> across Minnesota. This benefits the community by providing resources to businesses for solving <br /> immediate problems and establishes and implements a community strategic plan for economic <br /> development. The main goal of the program is to build and maintain strong relationships <br /> between the City and the businesses in Hugo. <br /> The fee for the BR&E Program is $15,000. The City has sponsorships from the local energy <br /> companies, Connexus and Xcel, for a total of $7,500. We are asking the four local banks in <br /> Hugo to sponsor the remaining portion of the fee in equal shares. <br /> The banks will be acknowledged for the sponsorship through the media, press releases, and on <br /> the cover for the implementation report completed by the University of Minnesota. Thank you <br /> for being a part of the Hugo community and I hope that you are able to sponsor a portion of the <br /> fee to implement the program. <br /> If you have any questions or comments please contact me at (651) 762-6304 or at <br /> rsimone(a,ci.hugo.mn.us . <br /> Sincerely, <br /> Rachel Simone <br /> Associate Planner <br /> Cc: <br /> Mayor and City Council <br /> Hugo Economic Development Authority <br /> Mike Ericson, City Administrator <br /> Bryan Bear, Community Development Director <br />