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Attachments <br />Memorandum from Mary Ippel, Briggs and Morgan. <br />Draft Memorandum of Understanding between the Elk River Econoxxuc Development <br />Authority and the YMCA. <br />City Resolution Calling fox an Election on Pledging the City's Full Faith and Credit in <br />Resources to $12,000,000 bonds to be issued by the Economic Development Authority <br />for the City of Elk River. <br />EDA Resolution Calling for an Election on the issuance of $12,000,000 of General Obligation <br />Bonds fox the Construction of a YMCA. This resolution will be handed out at the meeting on <br />Monday night. <br />EDA Action Requested <br />The EDA is asked to consider Resolution Calling fox an Election on the issuance of $12,000,000 <br />of General Obligation Bonds fox the Construction of a YMCA <br />City Council Action Requested <br />City Council action if the EDA approves the above resolution is to consider the resolution calling <br />fox an election on pledging the city's full faith and credit in resources to $12,000,000 bonds to be <br />issued by the Economic Development Authority for the City of Elk River. <br />Council Action Motion by _ Second by _ Vote <br />Follow Up <br />5:\Cound\Lori\2006\YMCA Bond Reso]udon.doc <br />