MEMO REGARDING FIXED GRANT AND MATCHING GRANT
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CLERK / ATTOR~office Corresp ndence Sheet
Elizabeth Deptula, City Manager
JUN 06 1997
CITY MANAGER
To:
Date:
June 5, 1997
Ervin's All A,..tica.fYouth~ Club ~
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From:
Ream Wilson, Director, Parks and Recreation Depa
RE:
As you are aware, the City conveys two annual grants to Ervin's All American
Youth Club.
The first grant is ., fixed" at a sum of $101,300. Twenty-five percent of this grant
is paid to the club prior to October 30 of each year during the agreement.
Subsequent payments of 25% each are to be made in January, April, and July of
each year.
The second grant is a ., matching grant" whereby the City will annually contribute
a maximum of $16,037. Under this program, the club must first raise $8,925 in
donations from the private sector. After said amount is received by the club, the
City will match each additional private sector dollar the club receives up to the
maximum City contribution of $16,037. On this past Friday, May 30, Mrs.
Aseelah Babalola picked up a City check in the amount of $8,149.36 as partial
payment toward this grant. As of this date, the club has received $17,074.36 in
private donations. The $8,925 was deducted with the remaining $8,149.36 being
conveyed to Mrs. Babalola.
Please let me know if you have any questions or if we can provide further
information.
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