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<br />CITY QUESTION BALLOT <br />SPECIAL ELECTION <br /> <br />CITY OF ELK RIVER <br />SHERBURNE COUNTY <br />MINNESOTA <br /> <br />September 12, 2006 <br /> <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 /> <br />CITY QUESTION NO.1: <br /> <br />ACQUISITION AND BETTERMENT OF COMMUNITY <br />CENTER/YMCA AND RELATED FACILITIES. <br /> <br />"Shall the City of Elk River, Minnesota, be authorized to issue its <br />general obligation bonds in an amount not to exceed $12,000,000 <br />to defray the expense of the acquisition and betterment of an <br />approximately 51,000 square foot community center/YMCA with <br />outdoor splash deck and playground area? [REVISE?] <br /> <br />The maximum amount of increased levy as a percentage of market value is <br /> <br />%. <br /> <br />The maximum amount that would be raised by the new referendum tax rat~ in the first <br />year if it were to be levied is $ <br /> <br />NOTICE: BY VOTING "YES" ON THIS BALLOT QUESTION, <br />YOU ARE VOTING FOR A PROPERTY TAX INCREASE. The City <br />anticipates entering into an agreement with The Young Men's Christian <br />Association of Metropolitan Minneapolis (the "YMCA") pursuant to <br />which the YMCA will pay one-third of the debt service of the general <br />obligation bonds. [REVISE?] <br /> <br />YES <br /> <br />(-) <br />(-) <br /> <br />NO <br /> <br />1920129vl <br /> <br />4 <br />