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r <br /> 9. Update on Walker Elder Care Service Proiect <br /> Walker Elder Care Services is proposing to construct a 206 unit independent and assisted <br /> living senior housing facility in Forest Lake. The project has been approved by the Forest <br /> Lake City Council. Attached is Forest Lake's staff report on the project. The City of <br /> Forest Lake is using industrial revenue bonds to help finance the senior housing facility. <br /> Each City has a limit for bonding revenue of$10 million. The City of Forest Lake has <br /> asked the City of Hugo if they can use a portion of Hugo's bonding authority to help <br /> finance the project. At the August meeting the EDA made a recommendation to the City <br /> Council to allow the City of Forest Lake to use Hugo's bonding authority for this year. <br /> Staff will update the EDA on the progress of the project. <br /> 10. Update on Rental and Foreclosed Property <br /> Staff will update the EDA on the rental and foreclosed property presentations that are <br /> being given to Home Owners Associations in the City. <br /> 11. Update on Tuesday, October 7,2008 Citv Council Candidacy Debate <br /> The Citizen Newspaper and the League of Women Voters are putting on a candidacy <br /> debate at City Hall on Tuesday, October 7, 2008. The EDA is invited to attend this <br /> debate. <br />