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out~~ fiend l.edc~elopn~ent azx~~nis~ion <br />Regular Nieeti~g ~~ctober 5, a07 <br />6. NEW BUSINESS {CONT.) <br />~~ outia Bend en~r1 Development Area <br />~1 } continued... <br />l~r. Peterson explained that pre~iau1~ ~e <br />had a cap on the ~~. 'lien the .~~,~~ito~ <br />asses~e~. taxes, the cap an the AIVI a <br />~eacl~e and the city ~a~ ~espansih~e far the <br />overage. ~~111ng the taxes o~~t o~'tl~e ~.~ <br />assures that taxes mill be the ~`~~~ <br />~espansibilit~ ofthe tenant. ~'he city ~l.~zes <br />abort tl~e sa~~c inca~le a~~ the praper-t~ as <br />~~e~a~e~ <br />Upon a ~natia~~ b~ fir. Peczl~av~sl~~, secan~cd ~o~~~ass~~~~ ~~~~~.a~~~~ ~a,~-~~~ ~~n~sa~, <br />~~ :fir. ring and ~~naniaul~ ca~~ ied, the .~~~~~~~~~r;~~r ~N ~~~~ ~~:, a~ra~~-~ ~~~j~ ~~:,~~r~z~~.~.. <br />o~~~xr~ission appra~e the lease ~naen.~n~.e~~t ~t4~-~~~~n~ ~~~.} <br />~n the outl~ en~l central ~evelop~~ent <br />.Area, Laura lw,ee'sg ~ ~ + ~~~~~~~~ fit.} <br />~~} filing of ~esolr~tion a. ~~4 revising tl~e <br />appropriation o~ an.ies for tie ~urpae of <br />defraying tl~e expenses of certain local <br />public improvements for lie fiscal year <br />beginning ~annar~ ~ ~~0'7 and ending <br />December ~, ~0~7, including ail <br />outstanding claims and obligations, fixing <br />a dime when the same sbaii take effect and <br />setting a public hearing an Resolution <br />Na. Z~~4 far ~~~~ a.~n., Naven~ber ~, <br />~~07'. ~~ichigan fit. .etaiZ hops <br />Mr. Peczl~a~vski indicated that the documents <br />be~'ore hx raise a number oi` questions on <br />which he would like clarification. e <br />r~on~dered ~:~he should ~ them ~~ ar wait <br />for the pLiblic hearing. 1VIr. ding responded <br />that this agenda item simply sets the public <br />hearing. At the public hearing there gill be. a <br />presentation that should explain all these <br />5 <br />