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<br />I <br /> <br />I <br /> <br />I <br /> <br />Council Meeting Minutes <br />October 28, 1992 <br /> <br />Page 3 <br /> <br />Council Business, continued <br /> <br />Community Development Director Kevin Locke said the assessment <br />agreement establishes the minimum value of a property, The vast majority <br />of the development agreement pertains to a building's construction. <br /> <br />Motion by Rebelein, seconded by Larson, to WAIVE THE READING AND <br />ADOPT THE RESOLUTION AUTHORIZING TERMINATION OF CERTAIN <br />REDEVELOPMENT CONTRACTS AND ASSESSMENT AGREEMENTS IN <br />CONNECTION WITH TAX INCREMENT FINANCING DISTRICT NOS. 1.10, <br /> <br />5 Ayes - 0 Nayes, Motion Carried. <br /> <br />Childs verified that District 8 will keep the underlying agreement, and <br />District 9 will be further researched. <br /> <br />Adiournment <br /> <br />Motion by Larson, seconded by Williams, to ADJOURN THE MEETING, <br /> <br />5 Ayes - 0 Nayes, Motion Carried, <br /> <br />Meeting was adjourned at 7:30 p.m. <br /> <br />~ <br />Robert J, B" 8, Mayor <C___.... <br /> <br />ATTEST:' <br /> <br />~~~ <br />Margaret 'A, Egan, City Clerk <br /> <br />Council Business <br /> <br />Bond Sale <br />Resolution 92-119 <br /> <br />Adjournment <br />