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I <br /> I <br /> <br />I <br /> <br />($80,000.00) is availabte and will not be needed for the <br />original construction cost. (See Ordinance 86-8, <br />Section 210.01.13, Subd. 4.) <br /> <br />7) <br /> <br />In order to use funds from the $2,000,000.00 bond issue, <br />the Council will need to pass a resolution determining <br />that X amount is in the Bond fund, X amount is remaining <br />to be paid out and X amount is surplus which may be <br />transferred to a separate fund for payment of the <br />$80,000.00 construction cost. <br /> <br />8) <br /> <br />The Council will need to make a decision on the <br />appropriate escrow amount pursuant to the procedures <br />established by Ordinance 83-4, Section 170.039D. (ie. <br />20% to IOOZ) <br /> <br />9) Rezoning, if necessary, will need to be accomplished. <br /> <br />10) Site plan approval will need to be obtained. <br /> <br /> Please advise if you require additional information on this <br />subject. <br /> <br /> <br />