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<br /> 4 <br /> <br />EDA Member O’Donnell stated the City had agreed to provide TIF. He asked if there has <br />been any waiving of assessments to date. Ms. Divine advised the City Council will be <br />terminating the assessment agreement. Terminating the development agreement will not <br />carry any penalties for the city. An escrow fund did provide for all of the City’s <br />expenses. <br /> <br />EDA Member Dahl moved to adopt Resolution No. 01 – 02, as presented. EDA Member <br />O’Donnell seconded the motion. Motion passed unanimously. <br /> <br />ADJOURNMENT <br /> <br />EDA Member Dahl moved to adjourn. EDA Member O’Donnell seconded the motion. <br />Motion passed unanimously. <br /> <br />Meeting adjourned at 6:15 p.m. <br /> <br /> <br />Transcribed by: <br />Kim Points <br />TimeSaver Off Site Secretarial, Inc.