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specifically in the resolution. For any projects that were completed prior to July 31, 2001, cities <br />are allowed to pass a resolution to bring them into compliance with this new law. The resolution <br />will be used to document all costs that the City has "loaned" to TIF projects during the years, and <br />reimbursed itself at a later date with tax increment dollars. <br /> <br />Motion by Mayor Gamec, seconded by Councilmember Zimmerman, to recommend that the City <br />Council adopt the resolution approving inter-fund loans on various projects throughout the City <br />with the sole intention of being reimbursed with Tax Increment. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Zimmerman, Anderson, <br />Hendriksen, and Kurak. Voting No: None. <br /> <br />COMMITTEE INPUT <br /> <br />None. <br /> <br />ADJOURNMENT <br /> <br />Motion by Councilmember Zimmerman, seconded by Mayor Gamec, to adjourn the meeting. <br /> <br />Motion carried. <br /> <br />The regular meeting of the Finance Committee adjourned at 6:__ p.m. <br /> <br />Respectfully submitted, <br /> <br />Nanci Libor <br />Recording Secretary <br />TimeSaver Off Site Secretarial, Inc. <br /> <br />Diana Lund <br />Finance Officer <br /> <br />Finance Committee/July 24, 2001 <br /> Page 7 of 7 <br /> <br /> <br />