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EDA MINUTES JUNE 25, 2007 <br /> APPROVED <br /> <br />2 <br /> <br />certain tax increment revenue toward the payment of principal and interest on the general 47 <br />obligation bonds being issued for the Lake Drive Interchange Project. In addition to pledging the 48 <br />revenue, the agreement sets forth the method of payment. 49 <br /> 50 <br />EDA Member O’Donnell moved to approve Resolution No. 07-03, as presented. EDA Member 51 <br />Reinert seconded the motion. Motion carried unanimously. Stoltz and Bergeson were absent. 52 <br /> 53 <br />ADJOURNMENT 54 <br /> 55 <br />There being no further business, EDA Member Reinert moved to adjourn. EDA Member 56 <br />O’Donnell seconded the motion. Motion passed unanimously. Stoltz and Bergeson were absent. 57 <br /> 58 <br /> 59 <br />Meeting adjourned at 6:25 p.m. 60 <br /> 61 <br /> 62 <br /> 63 <br /> 64