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<br />Elk River YMCA <br /> <br />Outline of Potential Agreement and Issues <br /> <br />Staff s goal throughout its discussions with the YMCA has been to find a way to <br />meet the Y's needs within the City's legal authority. <br /> <br />Attached is a "Draft Memorandum ofDnderstanding" ("MOD") prepared by the <br />Y which was presented to City staff on June 16. The City Administrator and City <br />Attorney met with the City's financial advisor and bond counsel on June 19th to address <br />the legal issues presented by the MOD. Staff then prepared a response to the Y, dated <br />June 20, which was intended to address some of the City's legal concerns with the <br />MOD. The Mayor, City Administrator and City Attorney met with Y staff and <br />representatives on June 29 in an effort to find a way to meet the V's needs within the <br />City's legal authority. <br /> <br />It was agreed at the June 29 meeting that it is in the best interests of all parties to <br />ensure that an agreement complies with state law. To alleviate the Y's concern that the <br />City's legal advice may be too conservative, it was agreed that the City and Y will put <br />together an outline of the proposed agreement and submit it to Kennedy & Graven for <br />an independent review and analysis of the legality of the proposed agreement. Kennedy <br />& Graven is a prominent municipal law firm which the City, as well as representatives <br />from the Y, have experience with. The City and the Y will split the cost of Kennedy & <br />Graven's review and opinion. <br /> <br />The purpose of the Council's workshop discussion is to get input on several key <br />issues as we prepare an outline to present to Kennedy & Graven. <br />