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<br />Memo", <br /> <br />TO: <br /> <br />Honorable Mayor and CooeD Members <br /> <br />FROM: <br /> <br />Kim Stephan <br /> <br />SUBJECT: Cougar Cash Information & ReeommendationslRequests from the <br />Eeooomie Development Committee <br /> <br />DATE: <br /> <br />December 15, 2004 <br /> <br />The dollar amount approved at the October 27, 2004 City Council Meeting for Cougar Cash was not to <br />exceed $1,000. An invoice for $400 has been paid to Bard Advertising. Printing was $486.53 and a <br />$150 check was deposited into the Cougar Cash account at Mainstreet Bank in exchange for $150 in <br />Cougar Cash. This exceeds the $1,000 amount by $36.53. Mr. Meyer and Ms. Stephan discussed that <br />$150 may not be enough funds to keep on hand at City Hall without staff making frequent trips to the <br />bank. That will be determined as the project progresses, but it was suggested to the Economic <br />Development Committee that an additional $250 be requested to be deposited in the Cougar Cash <br />account so as to keep a balance of$400 available at City Hall. Attached is a copy of a letter to be sent <br />to businesses explaining and promoting Cougar Cash. <br /> <br />Motion was made by Chairperson Burke, seconded by Vice-Chairperson Smith to recommend to <br />City Council the approval of S250 to be deposited in the Cougar Cash aecoot at Mainstreet <br />Bank to be exchanged for Cougar Cash increasing the amoot of Cougar Cash which Staff has <br />avaDable at City HaD to S4OO. All in favor. Motion passed unanhQously. <br /> <br />-- - - ._~ . ----- --- --.---- ---- - ------ ----- ----- - - <br />--------- ---..--.------~-. -.----..-------------------------~---~.----------'--'---'---------..!-~--~-~~--' .-=-" ." -'----'. ----______._~_=_=__~:_=1 <br />