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THE WKNIGHT FOUNDATION 600 TCF Tower <br /> 121 South Eighth Street <br /> Minneapolis, <br /> Minnesota 55402 <br /> 612-333-4220 <br /> 612-332-3833 fax <br /> September 7, 2000 info@mcknight.org <br /> Grant No. 00-334 <br /> Honorable Michael Werner <br /> Mayor <br /> City of Hastings <br /> Office of the Mayor <br /> 101 Fourth Street East <br /> Hastings, MN 55033-1955 <br /> Dear Mayor Werner: <br /> I am pleased to inform you that at their August 2000 meeting the directors of The McKnight <br /> Foundation approved a grant of up to $250,000 to the City of Hastings. These funds are to be <br /> used to construct a riverfront interpretive center as described in your request to us. <br /> Our payment of up to $250,000 is offered on a matching basis only, with The McKnight <br /> Foundation paying $1 for every $1 raised for the project, including in-kind contributions from <br /> private sources beyond those listed in your May 30, 2000, proposal to us. The deadline for <br /> raising these funds is May 1, 2001. Loans may not be used to fulfill this contingency, but both <br /> actual payments and pledges qualify. <br /> We will need a report on the status of the fundraising campaign by May 15, 2001. This report <br /> should summarize contributions and include the amount paid, date received, and name of each <br /> contributor. If you have questions, please call Dan Ray. <br /> We are pleased to offer our support for this exciting project. Best wishes as you continue your <br /> ca i <br /> Sin erely, <br /> Rip R son <br /> President <br /> RR:cdl <br />