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Memorandum of Understanding Between <br />Friends of the Mississippi River <br />And <br />The City of Elk River, Minnesota <br />This Memorandum of Understanding (MOU) establishes a partnership between <br />Friends of the Mississippi .River (FMR) and the City of Elk River, Minnesota for the <br />purpose of developing a Natural Resource Management Plan (NRNP) for the Houlton <br />Farm & Bailey Point Nature Preserve. <br />Together, the Parties enter into this Memorandum of Understanding to mutually iinprDve <br />the habitat of the Houlton Farm & Bailey Point Nature Preserve. Accordingly, FMR and <br />the City of Elk River operating under this MOU agree as follows: <br />1. PURPOSE AND SCOPE <br />Whereas, FMR has an interest in improving the habitat values of the Houlton Farm & <br />Bailey Point Nature Preserve; and <br />Whereas the staff of FMR have the technical knowledge and experience to effectively <br />develop a NRMP for and to conduct ecological restoration on the Houlton Farm & Bailey <br />Point Nature Preserve; and <br />Whereas, the FMR has been awarded a $160,000 Outdoor Heritage grant from the State <br />of Minnesota, that can be utilized to cover some of the expenses associated with the <br />development of a NRMP for the Houlton Farm & Bailey Point Nature Preserve & to <br />begin to implement said plan; and <br />Whereas, The City of Elk River agrees to pay FMR up to $10,000 to complete a NRMP <br />for the Houlton Farm & Bailey Point Nature Preserve; and <br />Therefore, in consultation with Staff from the City of Elk River, FMR agrees to develop a <br />NRMP for the Houlton Farm & Bailey Point Nature Preserve. <br />