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City Administrator Norman replied that all offers he makes are always contingent upon <br />Council approval. When he is negotiating with businesses he has to have some <br />flexibility. <br /> <br />Councilmember Hendriksen stated that he feels there are some problems with some of the <br />things that are going on. Previously there was a commitment to bring sewer to a project <br />and assess a couple of other businesses to get sewer and water to that building that the <br />City Council found out about after the fact. There were many trips to Chicago that he <br />was not being informed about. <br /> <br />Mayor Gamec requested that Councilmember Hendriksen stay on the subject. <br /> <br />Councilmember Hendriksen replied that the subject at hand is a commitment coming to <br />the City Council for what is already a done deal for $150,000. <br /> <br />City Administrator Norman replied that there is no commitment, because any agreement <br />is contingent upon Council approval. <br /> <br />Councilmember Zimmerman stated that it is unfortunate that the revolving loan fund does <br />not have any funds in it. If they had some money in there is would be a different story, <br />but to take money from another fund would be asking taxpayers to fund a particular <br />project, which is not fair. <br /> <br />Councilmember Hendriksen stated that the City is going to be borrowing funds to <br />purchase police cars, dump trucks, and a fire truck and now they have an equipment fund <br />that can give a company $150,000. He thought the City was playing a lot of number <br />games. <br /> <br />Councilmember Kurak inquired as to how much funds are in the Landfill Trust Fund and <br />what is the Fund used for. <br /> <br />City Attorney Goodrich replied that the City received a significant amount of money <br />when they sold their interest in the landfill. <br /> <br />Councilmember Kurak inquired as to how much interest the City would collect on the <br />five-year loan. <br /> <br />City Administrator Norman replied two percent over prime and it will be paid yearly. <br /> <br />Councihnember Kurak inquired if the funds are not made available for the project, will it <br />jeopardize the project. <br /> <br />City Administrator Norman replied no. <br /> <br />City Council/October 9, 2001 <br /> Page 19 of 24 <br /> <br /> <br />