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<br />. <br /> <br />. <br /> <br />. <br /> <br />~ <br />~HILLS <br />City ot Arden HIlls <br />Request for Council Action <br /> <br />Prepared by: Murtuza Siddiqui <br />Dept.: Finance <br />Council Mtg. Date: 51212006 <br />Final Action Needed By: <br />5/2/2006 <br /> <br />~XJ!!."1J0'- <br />~ii!I;;'" <br />Agenda Item flit'~;~[~ <br />,t;<""..;.,;",,-, <br />Motion to Approve the Indykiewicz Loan Repayment Plan <br />Budgeted Amount: $0.00 <br />Actual Amount: $0.00 <br />Funding Source: N/A <br /> <br />Council Action Request: <br />Motion to authorize staff to payoff the remaining loan balance in the amount of $84,535 to the PIR Fund <br />from TIF District #2 as of the close of year end 2005. <br /> <br />Staff Recommendation: <br />City staff recommends that Council authorize staff to payoff the remaining loan balance in the amount of <br />$84,535 to the PIR Fund from the TIF District #2 as of the close of year end 2005. <br /> <br />Advisory Commission Action: <br /> <br />Commission <br /> <br />Plannir19 <br />PTRC <br /> <br />Date <br /> <br />Action <br /> <br />Not Applicable <br />NotapplicCiblEl <br /> <br />Supporting Documents (which are attached to this Action <br /> <br />[2J Memo/Letter: <br />From: Murtuza Siddiqui to the City Council <br />Dated: May 2, 2006 <br />o Resolution <br />o Ordinance (No. <br />o Engineering Recommendation: <br /> <br />o Attorney Recommendation: <br /> <br />o Other: <br /> <br />Financial Implications: <br />See attached memo- <br /> <br />AdministratorlStaff Comments: <br />