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Finance Officer Lund replied that the City would issue TIF bonds. <br /> <br />Councilmember Anderson inquired if they were doing things in the right order since the TIF <br />district had not yet been created. <br /> <br />Councilmember Kurak inquired if the City would not be paying out funds until the TIF district <br />was established. <br /> <br />City Engineer Olson replied if that was the direction of Council. <br /> <br />Motion by Councilmember Hendriksen, seconded by Councilmember Zimmerman, to <br />recommend that the City Council authorize $50,800 for engineering and platting contingent upon <br />the creation of the TIF District. <br /> <br />Motion carried. Voting Yes: Mayor Gamec, Councilmembers Hendriksen, Zimmerman, <br />Anderson, and Kurak. Voting No: None. <br /> <br />COMMITTEE INPUT <br /> <br />None. <br /> <br />ADJOURNMENT <br /> <br />Motion by Councilmember Kurak, seconded by Councilmember Hendriksen, to adjourn the <br />meeting. <br /> <br />Motion carried. <br /> <br />The regular meeting of the Finance Committee adjourned at 6:54 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/September 11, 2001 <br /> Page 7 of 7 <br /> <br /> <br />