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RES 2026-38 Accepting a Donation from the Bank of Elk RiverCITY OF OTSEGO COUNTY OF WRIGHT STATE OF MINNESOTA RESOLUTION NO: 2026-38 ACCEPTING A DONATION FROM THE BANK OF ELK RIVER WHEREAS, the Bank of Elk River has made a cash donation of $9,000.00 to the City of Otsego; and WHEREAS, the donation to the City is for the purpose of supporting provisions of community events in Otsego through the Parks and Recreation Department; and WHEREAS, Minnesota Statutes 465.03 requires that all gifts and donations or real or personal property to be accepted only with the adoption of a resolution of the governing body; and WHEREAS, the City of Otsego sincerely thanks the Bank of EII< River for their generous donation and for its support of the community; and NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF OTSEGO, MINNESOTA: 1. That the donation from the Bank of EII< River in the amount of $9,000 has been hereby accepted. ADOPTED by the Otsego City Council this 11th day of May, 2026. MOTION BY: Dunlap SECONDED BY: Tanner IN FAVOR: Stockamp, Dunlap, Goedd, Lund, and Tanner OPPOSED: none CITY OF OTSEGO Jessica L. Stockamp, Mayor 6 ATTEST: Audra Etzel, City Clerk 1