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Mayor & City Council <br />November 17, 2000 <br />Page 2 <br />Rice /LC Road Development (Fund 440) <br />$193,434 <br />Ramsey County <br />$5,678 <br />$267,178 <br />$5,678 <br />Based on this information, it is my recommendation that we adopt Option 1 as the plan for <br />closing TIF Districts 1 -1 and 1 -2. The attached resolutions are drafted to accomplish that <br />objective. If the Council wishes to modify this recommendation, we will adjust the resolutions <br />accordingly. <br />H: \KrisP \CORRESP\2000 \TIF Dismcts.doc <br />Page 47 <br />