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o~.~tl~ :~e7~d Rede~~elapm.er~t ~`a~~~~~lissia~~. <br />l~.esche~~~led l~.e~r~ar eeti~~ -l~ovemher ~, ?~07 <br />2. OLD BUSINESS (CONT.} <br />~e ou~a~ ~oa~ ~cono~i~ De~elo~m~~~t ~~-~a <br /> <br />series the p~~rpoe o~ tl~e raj ar ~t~ves <br />~~~a~~ey, ~ v~c~i as i t~aey eta de~e~op~ne~~t, e <br />ca~~ pro~eet T~~F ~•e~enr~es to ca~~~e ~~~ .~~~ <br />~~epa.y it. ~ f ~l~ey da~~'t do de~elapr~ient, the~~ <br />~~~c loge ~i~at e~~t~re l~~~llio~~ ~allars. The <br />reeaurse i~'~ai~aday did~~'t do the <br />c~eveap~~~e7~t ~~~~,~ to he teat l~a~a~~ay ~r~~~~d <br />p~~y tl~e pity a1~ ~~~al~~~t egt~ar to the debt <br />sez-~~~ce p~~yl~r~el~t ol~ the .ll~ajor o~~es <br />~~~a~~cyw__3~,~~~ per yea~~~ Tl~en, l~e~~. the <br />pr~l~c~pal ca.~~~e ~lp~ tl~cy ouid ~~av~ to ~~~~ <br />tl~at. a~at ~=~iolia.day ~~ia~te~i ~~as to c <br />released f~roi~~ that alt~~iat.ior~ ia~~~~~edzately <br />~~poz~ their eo~~~pletion aftheir hui~dir~. ~~~t <br />that ~va~~.~d ~ea~e t~~e city itl~ a debt er~icc <br />dap for t~vo years, a~~d no cash as sec~~r~ty ~'or <br />tl~e ather ho~~. e ac~.~d have a pure T~F <br />ba~~d teat ~~au~.dz~'t be f~~~de~l., It ~o~.~ld reed <br />to be a policy deeislan whether etty ~~a~ <br />~va~~~~~ t~~ do that and rrk the city's credit <br />rating. ~~zr sec~~~-ity vas ~~~~~~~~ ~'~~nds <br />ca~~~i~~ in to pay the band af.~", or use it to <br />pay ~~el~ a~or ~o~es. <br />fir. Pec~a~sl~i asked ho~v i~~te~~ti~~ed the <br />agree~~~e~~t on the road v~ldening was with <br />t~ailaday' oi~~ ahead a~ the project? Il~ <br />tl~.e rand isn't widened, are they not oz~~ to <br />ga ah.ead ~~t~~ their pro~eet? ~s the road <br />being ide~~ed of parar~~au~t interest to <br />~ailaday} deve~.op~~~e~~t? fir. Peter~an <br />re~po~~ded that it's ail incentive. They ~~ay <br />sti~i o .head ~r~th their project. The~'~e ,fat <br />optia~~s. I don't kna if they ~vou~d~a't <br />e~.e~~c~e then. <br />5 <br />