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Following further discussion Councilman Slavinskas made a <br /> motion seconded by Councilman Coleman that Bill No. 9-88 be <br /> continued until the meeting of March 14, 1988. <br /> Councilman Voorde suggested that the annexation status be <br /> checked. Councilman Slavinskas offered to do this. <br /> Upon questioning from Mr. Wensits, Mr. Inks noted that both <br /> loans must be paid back. One is reclaimed for training. <br /> There would be a two year payback period but jobs must <br /> exceed 75 employees. He further noted that only A.E. <br /> Pistons, Inc. could apply for the training funds. <br /> Councilman Luecke questioned what if A.E. Pistons, Inc. <br /> would not reach the employee limit and what would happen to <br /> the funds in that instance. Mr. Inks noted that the money <br /> would revert to the City. Currently A.E. Pistons, Inc. <br /> employs 64 employees. <br /> There being no further business to come before the Committee <br /> Councilman Coleman made a motion seconded by Councilman <br /> Slavinskas that the meeting be adjourned. The meeting was <br /> adjourned at 5:00 p.m. <br /> Respectfully Submitted, <br /> Councilman Ann Puzzello, Chairman <br /> Personal and Finance Committee <br /> AP:srk <br />