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City Council meeting of February 7, 2005 <br />Page 8 <br />PROPOSED LEGISLATION AND BONDING FOR CSAH 8 PROJECT <br />Council member Haas requested the Finance Department to review S.F. 318, authored by Senator Larry <br />Pogemiller (DFL -Minneapolis) and report on how it might affect the City's ability to finance the CSAH <br />8/Oneka Parkway improvement project. Finance Director Ron Otkin prepared a memorandum that indicates <br />that tax abatement bonds will be issued prior to any deadlines contained in the proposed bill. This bill did <br />receive a Senate Committee hearing, but staff will keep the Council informed as to its progress. No formal <br />Council was taken. <br />ADJOURNMENT <br />Haas made motion, Granger seconded, to adjourn at 8:38 pm. <br />All aye. Motion Carried. <br />� <br />Mary , ' Creager <br />City erk <br />