Library sells naming rights to room
April 24, 2020
Cloquet city councilors unanimously approved an agreement Tuesday that will give naming rights for a new meeting hall to Northwoods Credit Union in exchange for a gift of $80,000 from the local credit union. Under the terms of the agreement, Northwoods will pay $40,000 upon execution of the agreement, followed by four $10,000 gifts beginning in 2021. In years six through 20 of the 20-year agreement, Northwoods agreed to provide additional support of $1,000 per year.
The Cloquet Shaw Memorial Public Library Foundation has been working with Northwoods on the gift, which will help the foundati...