Laserfiche WebLink
city can relevy unpaid special assessments in the case of default. The principal risk in a <br />subordination agreement is during construction. Since the TIF is a pay-as-you-go on the <br />expansion, so the EDA loses nothing if the expansion is not built. EDA Member <br />Bergeson moved to approve the subordination agreement. EDA member Lyden seconded <br />the motion. Motion passed unanimously. <br />CONSIDERATION OF EDA MEETING ON JUNE 8 <br />Mr. Wessel suggested an EDA meeting at 6 p.m. on Monday, June 8 to review the city's <br />tax increment financing policies. Mr. Batty will be here to answer questions. Board <br />members agreed to the meeting. <br />ADJOURNMENT <br />EDA Member Neal moved to adjourn. EDA Member Dahl seconded the motion. Meeting <br />adjourned at 6:16 p.m. <br />