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ECONOMIC AND URBAN DEVELOPMENT M MORANDUM <br /> Memo No. 08-38 <br /> Apri13, 2008 <br /> TO: Honorable Mayor Paul Osborne and City Council Me bers <br /> FROM: Steve G , City Manager <br /> Greg Cro Assistant City Manager of Economic& rban Developme�r�b� <br /> SUBJECT: Ordinance Reserving 2008 Volume Cap in Connectio with Private Activity Bond <br /> Staff recommends approval of the attached ordinance reserving the C ty's 2008 volume cap. T'he <br /> attached ordinance does not obligate the City to issue bonds, but pr ides the opportunity to do <br /> so in the future. <br /> If Council members have questions they may contact Greg Crowe, Assistant City Manager of <br /> Economic and Urban Development, 424-2727, or at gccrowe@deca et.org <br />