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7.1. SR 08-23-1993 rtl -\) ( )j !l~ ITEM 7. 1. TO: FROM: MAYOR & CITY COUNCIL WILLIAM RUBIN, ED COORDINATO~~ AUGUST 19, 1993 DATE: SUBJECT: AUTHORIZE PROPOSAL TO AN INDUSTRIAL PROSPECT INTRODUCTION Earlier in the evening on August 23, 1993, the Elk River Economic Development Authority will meet to consider the specifics of a proposal to an industrial prospect. Assuming positive action by the EDA, it would be in order for the City Council to affirm the specifics of the proposal. ACTION REQUESTED The City Council is asked to affirm the specifics of the proposal to the industrial prospect and authorize the Mayor to execute a letter to the prospect on behalf of the City. e e P.O. Box 490 · 13065 Orono Parkway · Elk River, MN 55330 · (612) 441-7420 · Fax: (612) 441-7425