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� <br />EN HILLS <br />Request for Council Act�on <br />Arepared By: Sue Iverson, Director of Finance Council Meeting Date: June 27, 2011 <br />and Administrative Services <br />Presbyterian Homes Conduit Debt Waiver Letter <br />Budgeted A�nount: Actual Amount: Fundi�g Source: <br />NA NA NA <br />Recommendation: <br />A rnotion to approve the attached waiver letter as presented and to direct the City Adzninistrator <br />to send the letter to Presbyterian Hornes of Arden Hilis, Inc. <br />SuAAorting Documents: <br />1. Memarandu� dated June 27, 2011 from Sue Iverson. <br />2. Memorandum dated J'une 22, 2011 from Steve Bubul, Kennedy & Graven. <br />3. Proposed Waiver Letter to Presbyterian Homes of Arden Hil�s, Inc. <br />