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I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br /> <br />Mayor Gamcc inquired how the City would handle the situation with other businesses if they <br />make payment an'angements for one. <br /> <br />Councihnember Hendriksen replied that it was not this City Council that agreed to the initial <br />payment agreement with Diamonds. He stated that he has had several conversations regarding <br />this issue and it is becoming apparent that the City agreed to the initial terms because of <br />something the City did to them when the property was being developed. He requested <br />clarification as to how and why the initial agreement was made with Diamonds. <br /> <br />Councilmember Connolly suggested tabling the issue to allow the Council time to get a complete <br />understanding of the circumstances involved. <br /> <br />Motion by Councihnember Com~olly, seconded by Councilmember Zirmnerman, to table action. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Connolly, Zimmerman, <br />Anderson, and Hendriksen. Voting No: None. <br /> <br />ADJOURNMENT <br /> <br />Motion by Mayor Gamec, seconded by Councilmember Hendriksen, to'adjourn the meeting. <br /> <br />Motion carried. <br /> <br />The regular meeting of the Finance Committee adjourned at 7:00 p.m. <br /> <br />Respectfully submitted, <br /> <br />Nanci Libor <br />Recording Secretary ....................................... <br />TimeSaver Off Site Secretarial,/nc. <br /> <br />Diana Lurid <br />Finance Officer <br /> <br />Finance Committee/October 24, 2000 <br /> Page 7 of 7 <br /> <br />-35- <br /> <br /> <br />