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O] �0 alit � di 1111� 0 0 is A <br />1#44D VORMA v 1*1 Z, 41 w7w, I <br />U.1 For, tax luncriament projects taxable bonds will be issued. <br />0 & A <br />Another olpt,io�n the C ity can use,, in terms of f 18nanc i-al participa- <br />tilon e-nftails the "Pay As You Go"' cioincept, This scenario has been <br />used, w"lth the FML housling projle,ct on 36 and Victoria. Although <br />the F'ML Project was approved bythe council as part of a tax <br />increment proposal in Decembleri, FML was unable to complete the <br />requIred, items to be, i,nclu,ded in the bond issue. <br />Through uti'lization of the "Pay As You Go" concept,, the City is <br />able to usle all increments for major project purposes in that <br />bonds are not issueld. In this way, most of the bond counsel, <br />Z <br />se, a le avoiaela <br />