Laserfiche WebLink
• EXHIBIT B <br /> Form of Ballot <br /> CITY QUESTION BALLOT <br /> SPECIAL ELECTION <br /> CITY OF ELK RIVER <br /> SHERBURNE COUNTY <br /> MINNESOTA <br /> September 12, 2006 <br /> INSTRUCTION TO VOTERS: If you wish to vote in favor of the following proposition, <br /> completely fill in the oval ( )next to the word "YES". If you wish to vote against the <br /> following proposition, completely fill in the oval ( ) next to the word "NO". <br /> CITY QUESTION NO. 1: <br /> ACQUISITION AND BETTERMENT OF <br /> RECREATIONAL FACILITY LEASED TO YMCA. <br /> "Shall the City of Elk River, Minnesota, be authorized to <br /> • pledge its full faith, credit and resources to bonds to be <br /> issued by the Economic Development Authority of the City <br /> of Elk River in an amount not to exceed $12,000,000 to <br /> defray the expense of the acquisition and betterment of a <br /> recreational facility owned by the Authority and leased to <br /> the YMCA? <br /> The maximum amount of increased levy as a percentage of market value is <br /> .052%. <br /> The maximum amount that would be raised by the new referendum tax rate in the <br /> first year if it were to be levied is $902,982. <br /> NOTICE: BY VOTING "YES" ON THIS BALLOT <br /> QUESTION, YOU ARE VOTING FOR A PROPERTY TAX <br /> INCREASE. The Economic Development Authority of the City of <br /> Elk River anticipates entering into a lease with The Young Men's <br /> Christian Association of Metropolitan Minneapolis (the "YMCA") <br /> pursuant to which the YMCA will pay one-third of the debt service <br /> of the bonds to be issued by the Economic Development Authority <br /> of the City of Elk River. <br /> YES ( ) <br /> • NO ( ) <br /> 4 <br />