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One approach tiha,t the sitaf f was review long entailed paying <br />41 *1 <br />Rosepointe a pericentaige of the, original - increment based on the <br />actual percentage of development that occurred. This, in <br />effect, would provide Rosepoi,nte $168,000 based on the fact that <br />65% of the total value wasi created,, <br />41 <br />a number of options, are ava ilable to the City <br />As 1- see t r <br />Couvz*3:-%,7#Ach are as f ollows: <br />11 Pay Rosepolintie, a plercentage, of increment based on the <br />plericentage, of development value. <br />2,w Pay, Rosepointe a smaller p�ei,rceilntage with the remainder to <br />1i - <br />follow after completion of phase II <br />IN, <br />3 Play nothing until phase II ims cloinviletely developed. <br />4. Declare a default and pay noth ing, to Rosepointe,-. <br />4 0 <br />In order to facii1itatie the Coluncill"lls, decision, I have included <br />the followi"nig 'items:, <br />0 # <br />A memorandum from Ed Burrei'll discussing the bond issue <br />