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DATE:, 884 mmmumi <br />A RUM <br />MGR. REVf WED/ RECOMMENDS'. <br />Heailth Resources contacted the City approximately three weeks a o expressing an <br />0 9 <br />erest in securing approval to "issue IRB, bonds to build a medical office <br />facility north of Midway'Ford. The amount of the IRB appli'cation would be <br />0 0 1, 0 <br />Adopt lion of the J'ol" nit ' Powers Agreement is essentlal to reserve the . <br />$873,0010, If the Council does not approve either the planning or !0 <br />0 <br />,application.., the allocation would revert to the general-11pot". In any <br />,, <br />eventlij, by, adopting the Joint Powers agreement, it, does not comit the Council <br />to, approval, of a planning or an IRB application.1 <br />I <br />COUNCIL ACTION UQUESTED: Motion to appriove a, resolution authorizing the <br />Mayor and City Manager to execute a Joint Powers <br />agreement with the City of Becker, Minnesota <br />p oding for the use of' their IRB entitlement, <br />rov-1 <br />