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<br />Attachments <br />· IvIemorandum from NIary Ippel, Briggs and 1vlorgan. <br />. Draft 1tfemorandum of Understanding bet\veen tlle Elk River Economic Dey~elopment <br />.LL\utllOl1.ty and tlle '{J\!fC1-\.. <br />. City Resolution Calling for an Election on Pledging the City's Full Faith and Credit in <br />Resources to $12,000,000 bonds to be issued by tlle Economic De'velopment .LL\uthority <br />for tlle City of Elk River. <br /> <br />ED-L\ Resolution Calling for an Election on the issuance of $12,000,000 of General Obligation <br />Bonds for t:lle Construction of a ThICI\.. TIlls resolution "\vill be handed out at the meeting on <br />Nfonday nigIlt. <br /> <br />EDA Action Requested <br />TIle ED_A is asked to consider Resolution Calling for an Election on tlle issuance of $12,000,000 <br />of General Obligation Bonds for tlle Constluction of a Y1vICA <br /> <br />City Council Action Requested <br />City Council action if tlle ED.L\ appro\res tlle abo\le resolution is to consider the resolution calling <br />for an election on pledging tlle city's full faith and credit in resources to $12,000,000 bonds to be <br />issued by tlle Economic De~leloplnent AutllOrity for the City of Elk Ri\Ter. <br /> <br />Council Action <br /> <br />fvfotlon by _ <br /> <br />Second by <br /> <br />'Tote <br /> <br />Follow Up <br /> <br />S:\Council\Lori\2006\ \J\lCA Bond Resolution.doc <br />