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07-161 Resolution No. 07-161 RESOLUTION ACCEPTING THE GRANT OF THE PALMER FOUNDATION FOR THE ELGIN ART SHOWCASE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN,ILLINOIS,that Olufemi Folarin, City Manager, be and is hereby authorized and directed to accept the Palmer Foundation Grant on behalf of the City of Elgin of$21,000 for the Elgin Art Showcase, a copy of which is attached hereto and made a part hereof by reference. s/Ed Schock Ed Schock, Mayor Presented: June 27, 2007 Adopted: June 27, 2007 Vote: Yeas: 6 Nays: 0 Attest: s/Diane Robertson Diane Robertson, City Clerk , i r,� �v of i 66106 VI vF F O U N D A T I O N 17 D O U G L A S A V E N U E • E L G I N, I L 0 0 1 2 0 • 1 4 7.7 4 1.0 5 1 3 Sylvia Grady Coordinator Elgin Art Showcase 1900 Jamestown Elgin II,60123 Dear Sylvia: The Board of Directors of the Florence B. Palmer and Cornelia A. Palmer Foundation have decided to grant your organization up to$21,000.00 for 2007 for the equipment listed in your February 12, 2007 letter of inquiry. The grant is in the form of a challenge grant that will be paid out in an amount that matches your fundraising efforts. Please provide proof of the results of your efforts no later than November 1,2007. Note that for future grants the Foundation has decided to give preference to one-time projects and membership/sponsorship drives,and also prefers the grant be matched by monies raised by the applicants. Please remember to include a five-year history of any grants received from this foundation with future grant requests. Sincerely yours, oa 4...,,,Zi Frederick J. Steffen F. J.1• S Geffen Donald E. Hopp, A Chair, Foundation Trustees Fo •ation Trustee Foundation Trustee