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realization that they can always reduce the levy amount~ but not increase it at a <br />later date, <br /> <br />This method of funding seems contrary to discussions about the authority the EDA <br />was/is to have when the EDA was restructured. Has the City Council agreed to <br />support this role of the EDA? What is the City Council's comfort level with working <br />with the EDA in this manner?. <br /> <br />The only method that the City has to include the fire station debt as a special <br />levy, is to have a separate governmental agency within the City act as the <br />seller of the bond. The EDA is considered a separate agency. Without a <br />special levy, the City would need a special referendum. <br /> <br />It is staff's understanding that Council is comfortable with the working <br />relationship with the EDA. <br /> <br />Does the site need to be 5-acres in size for the proposed fire station? <br /> <br />City staff and the design engineers and architects determined that 3 acres are <br />adequate for the proposed facility. The City Council preferred to reserve <br />additional land for future expansion on the site. Five acres was determined to <br />be sufficient for that purpose. <br /> <br />What was the process of deciding the EDA should be a part of the financing? <br /> <br />See answer to method of funding .... authority EDA has above. <br /> <br />What is the boundary of the redevelopment area? <br />See Exhibit A in the Redevelopment Plan. <br /> <br />What "ground rules" does City Council have for the EDA when considering entering <br />into such an agreement? <br /> <br />This issue was discussed with City Council on Tuesday evening, October 5, <br />1999. Council presented the issue that if not for the Landfill Trust Fund for <br />internal borrowing for such projects as the Police and Public Works buildings, <br />that this method of financing through the EDA would have been utilized years <br />ago. <br /> <br />· Page 5 <br /> <br /> <br />