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COUNCIL MEETING JUNE 11, 1990 <br />Mr. Ron Batty explained that the purpose of the resolution <br />was to consolidate the four (4) Tax Increment Financing (TIF) <br />Districts and the Economic Development Committee authority <br />into one entity, the Economic Development Authority (EDA). <br />He briefly outlined the resolution, noting the City Council <br />will also be the EDA. Mr. Batty explained that all current <br />projects will be transferred to the EDA. <br />Mayor Bisel asked if there was anyone in the audience to <br />speak at this public hearing. <br />Council Member Bohjanen asked if Council Members will be paid <br />an additional fee when they meet as the EDA. Mr. Batty said <br />the resolution gives the EDA authority to set compensation <br />for the EDA members. It also gives authority to purchase or <br />lease property. The resolution give the EDA a broad range of <br />power. <br />Council Member Bohjanen moved to close the public hearing at <br />10:20 P.M. Council Member Neal seconded the motion. Motion <br />carried unanimously. <br />Mayor Bisel explained that he had discussed this matter with <br />Council Members Reinert and Kuether and they are in favor of <br />this resolution. <br />Council Member Bohjanen moved to adopt Resolution No. 33 - 90 <br />as presented by Mr. Batty. Council Member Neal seconded the <br />motion. On a roll call vote, motion carried unanimously. <br />The first EDA meeting will be June 18, 1990 at 3:00 P.M. <br />Resolution No. 33 - 90 can be found at the end of these <br />minutes. <br />ENGINEER'S REPORT <br />Consideration of a Modified Assessment Policy, Darrell <br />Schneider - Mr. Schneider explained that he had presented a <br />draft copy of the Policy to the Council at the Work Session <br />on Sunrise Meadows about six (6) weeks ago. He recommended <br />approval of the Policy and asked if there were any questions. <br />Mr. Schneider noted that there will be some addendum which <br />will be brought to the Council at a later date. <br />Council Member Bohjanen moved to adopt the Modified <br />Assessment Policy as presented by Mr. Schneider. Council <br />Member Neal seconded the motion. On a roll call vote, motion <br />carried unanimously. <br />ATTORNEY'S REPORT <br />Mr. Hawkins explained that he did not have a report other <br />than to let the Council know that the attorney for the Lino <br />PAGE 11 <br />1 <br />1 <br />1 <br />