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Consent Agenda <br />STAFF ORIGINATOR Linda Waite Smith <br />DATE 12/04/99 <br />TOPIC Resolution No. 99-122 Transferring Funds from T.I.F. <br />District 1-7 to the Escrow Fund for Administrative <br />Expenses (Rice Industries) <br />VOTE REQUIRED Simple Majority <br />BACKGROUND <br />The escrow fund has accounted for administrative costs associated with Rice <br />Industries. As there will be no more charges to the escrow for Rice Industries, <br />the account should be closed. The total amount owing is $8,142.57. The <br />transfer should be made from T.I.F district 1-7 <br />OPTIONS <br />1. Adopt Resolution 99-122 <br />RECOMMENDATION <br />Option 1 <br />