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I <br /> <br />Finance Officer Lund replied that the City would issue TIF bonds. <br /> <br />Councilmember ~derson inquired if ~ey were do~g ~gs ~ ~e right ord~ s~¢e~+~e TIF %:: <br />district had not yet been created. <br /> <br />I <br /> <br />I <br /> <br />:l <br /> <br />I <br /> <br />'l <br /> <br />I <br /> <br />I <br /> <br />Councilmember Kurak inquired if the City would not be paying out funds <br />established. <br />City Engineer Olson replied if that was the direction of Council.~~~,,~ ~~~ <br /> <br />Motion by Councilmember Hendriksen, seconded by,~:,!~b/ancilmemlS'er <br />recommend that the City Council authorize $50,800 for ~::~'":~:~ ' <br />the creation of the TIF District. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, <br />Anderson, and Kurak. Voting No: None. <br /> <br />COMMITTEE INPUT <br /> <br />None. <br /> <br />ADJOURNMENT <br /> <br />Motion by Councilmember Kurak, sec0~d~d <br /> <br />The regul~ meeting of the ?~nce <br /> <br />Zimmerman, to <br />contingent upon <br /> <br />! <br />I <br />I <br /> <br />I <br /> <br />at 6:54 p.m. <br /> <br />Zimmerman, <br /> <br />Hendriksen, to adjourn the <br /> <br />Diana Lund <br />Finance Officer <br /> <br />Finance Committee/September 11, 2001 <br /> Page 7 of 7 <br /> <br /> <br />