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.. b <br />0 <br />ELK RIVER: <br />We need approval of Council as to amount of issue, so we can <br />prepare Notice of Sale and Prospectus to advertise for bids. <br />If the Village will approve these recommendations, we will pro- <br />ceed to schedule the sane. The Council should be certain the amount <br />borrowed is adequate for the projects approved at the hearing. If <br />the Council is short, it will be expensive to get more money. if <br />the Council borrows ton much, the extra funds can be invested at a <br />rate which will earn money for the Village or can be used on some <br />improvement project. <br />