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H. R. A. MEETING <br /> 2 DECEMBER 10, 1991 <br /> 3 PAGE 3 <br /> 4 <br /> 5 <br /> 6 increment district are retired. <br /> 7 <br /> 8 Mayor Ranallo supported the annual review noting that if the <br /> 9 project goes under the whole future of the bonds could be <br /> 10 dreadful. <br /> 11 <br /> 12 It was stated that the guarantee of the infusion of $50, 000 <br /> 13 per year of excess generated tax increment is not supported by <br /> 14 the City Council. <br /> 15 <br /> 16 <br /> 17 Motion carried unanimously <br /> 18 <br /> 19 <br /> 20 6. ADJOURNMENT <br /> 21 <br /> 22 Motion by Marks, second by Enrooth to adjourn the H. R. A. <br /> 23 meeting at 9:02 p. m. <br /> 24 <br /> 25 Motion carried unanimously <br /> 20 2 <br /> 28 Respectfully submitted, <br /> 29 <br /> 30 <br /> 31 <br /> 32 Jo-Anne Student, H. R. A. Recording Secretary <br /> 33 <br /> • <br />