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Memo- Marketplace & Main Discussion Planning & Economic Development MEMORANDUM TO: Honorable Mayor and Hr,,~in~City Council Members Kersten Elverum, Housiwevelopment Coordinator August 10, 2006 FROM: DATE: SUBJECT: Marketplace & Main Discussion Colleen Carey, president of The Cornerstone Group, will be at the August 15,2006, City Council work session to provide an update on the Marketplace & Main project. As you know the project has experienced delays and Ms.Carey will talk about the conditions that have led to the current situation. Sid Inman, Ehlers & Associates, will also be at the work session to discuss and answer questions regarding financial aspects of the project.