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<br />PJ BURKE INVESTMENTS, LLC <br />P. O. Box 501, Hugo,MN 55038 Phone: 651-762-8675 <br /> <br />Memorandum <br /> <br />From: Paul J. Burke <br />To: Centerville City Council <br />Date: October 14, 2004 <br />Re: EDC Cougar Cash <br /> <br />This memo is in response to questions I received from council member during the meeting on October 13,2004. <br /> <br />I spoke to the Hutchinson Chamber of Commerce to find out how much time they spend managing their "Hutch <br />Bucks' program. They stated that they really had not tracked how much time they spend on the Hutch Bucks, but it <br />was minimal. After a short discussion among the staff in the office they felt that they spend about 2 - 3 hours per <br />month on this program, this time increases when demand increases during the holiday season. <br /> <br />I also asked about how they have handled bounced checks for Hutch Bucks and they stated that it has not been an <br />issue. The one administrator has been there for two years and did not recall ever having a check for Hutch Bucks <br />bounce. <br /> <br />I hope this information helps clarify your questions and you can approve our budget for Cougar Cash. We look <br />forward to supporting our local Businesses. <br /> <br />Thanks <br />Pau{ J. CBurkg <br /> <br />Paul J. Burke <br />Chairman Centerville EDC <br />