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To: Jim, Andre <br />City Manager <br />Re: Recreation/Cold Storage Financing <br />As part of the Council Is charge the Committee has met and <br />and Cold Storage Facil ity. <br />:Most of our discussion has centered on, the Recreational Facility <br />and, the large part of the information in this memo does relate to <br />that focus, <br />^ <br />Conf iauratjon No, 1---Ful,l, C,jt <br />Debt Financ.01 <br />This debt could be voted debtr which would require a referendum <br />inancing, whIch would not require referendum. <br />It should be noted that tax levy would be needed to support debt <br />amortization under both alternativesi.i <br />x1orle legal rieselarch would certai,nly need to be done bef ore we <br />ciloul,d be very, certain of this alternati've. A preliminary review <br />does indicate some ability for T-I.F funds to be used for such a <br />deveillopment, ,, <br />Institute a, s X <br />piec 'ial user fee <br />The Cty could add a splec 1-al user fee on all or some of the <br />