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4 The new owners and management appear to be well qualif ied and <br />should offer a high degree of service to the community. <br />Briggs and Morgan has, reviewed all of the required documents and has <br />A <br />found everything to be in order �('A letter from Mary Ippel "is <br />attached w ith respect to the f irm 11 s review). if the Counci 1 does <br />approve tihisi blond *issue staff would recommend the f ollowing <br />conditionsle.1 <br />i <br />1 IV That, the City be held harmless and indemnif 'led against any <br />issuance ex�plen,se,s, or any plotential security problems. <br />2 Final riev iiew of a"Il bond documents should be completed by <br />a <br />Briggs and Morgan, <br />3, The City, shall receive its 1%, fee. <br />4 An agreement shall, be formulated for payment 'in lieu of <br />taxes W i(Assum wing the proper formulation of said agreement, <br />0 <br />the C ity Manager would be authorized to sign the agreement <br />for, payment) <br />0 9 <br />COUNCIL, ACTION REQUESTED: Motion to approve/deny Resolution giving <br />FIA <br />