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September 1, 1982 Park Board Minutes <br />Page 4 <br />Van Hatten said he doesn't feel it's a good idea to ask for • <br />general contributions to this fund because they will be so small <br />in comparison to the original principal, they may get lost. <br />Encourage the CIP fund donations. Would like to see the fund <br />itself set up as semi-permanent. Like to see the entire operational <br />cost of Long Lake taken from the fund. Take 10$ of the yEarly <br />interest and add to the principal so it will pay for future in- <br />creased operational costs. <br />Hogan said it would be hard to ask for contributions for this <br />fund when we don't know what the interest will be used for. Think <br />it should be specifically for parks. <br />Grimshaw said he likes the idea of publicity. But if someone <br />contributes and then we tell them we are using the money for <br />operation of Long Lake and to pay salaries it may be confusing. <br />Johnson said if you talk to businessmen they get excited about <br />something like this. <br />Anderson said maybe we should be tapping the big corporations, <br />~ $5,000 and up. <br />Johnson said we could give people their option. <br />Carlson feels any monies from that fund should be going to parks. <br />Like to see it fund Long Lake Park as much as possible. Don't <br />care if profits are capital outlay or whatever but don't like to <br />see it locked in. Like holding onto the principal but don't want <br />to tell a company they put in a donation but it just goes to the <br />principal (like the combination of what Ken and Dave V. said). <br />Olson feels the interest should be going into Park & Rec. maintenance. <br />The money was originally for Long Lake Park, so it should go there. <br />Anderson asked .Fornell what he thought about adding to the <br />principal. <br />Fornell said it sounds good. <br />Gunderman asked if a motion should be made for the Council regarding <br />fund use. <br />Johnson said he would like to work on something of worth before <br />submitting it to the Council. <br />Fornell suggested publishing now, maybe start with the City Hall <br />Newsletter. <br />Carlson said it seems we should have things final and clear cut <br />as to what we are going to do with the money before we do anything., <br />