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<br />(b) (i) The Council hereby finds that the Sources and Uses schedule <br />properly makes use only of gap strategies previously authorized by <br />Council at its meeting on August 9,2004, including: <br /> <br />. Revenue Bonds - taxable or tax-exempt supported <br />only by project revenues <br />· Revenue Notes <br />. Administrative fees at 5% <br />. Grants <br />· Some City contribution to transportation <br />improvements to the extent area-wide benefit is <br />demonstrated <br />. Establish hazardous substance subdistrict <br /> <br />(ii) Although special assessments are not used as a funding <br />strategy on Exhibit D, the Council approved their use. <br /> <br />(iii) The council also finds that Exhibit D properly did not include <br />the use of the following gap strategies which were previously <br />disapproved by Council: <br /> <br />II No general obligation bonds <br />. No fiscal disparity costs to City taxpayers (fiscal <br />disparities are taken from within the district) <br /> <br />2.02 In summary, the Council hereby finds that Rottlund has successfully completed all <br />actions required to be taken by it by September 30,2004 under the Contract. <br /> <br />Section 3. <br /> <br />Authorizations. <br /> <br />3.01 The Council hereby authorizes City staff to continue to work with Rottlund on the <br />tasks and for the purposes set forth in the Contract, with Rottlund' s progress to be evaluated again as <br />of December 31,2004, the next benchmark date provided for in the Contract. <br /> <br />Adopted by the Council of the City this 27th day of September, 2004. <br /> <br />The motion for the adoption of the foregoing resolution was duly seconded by Council <br />Member Maschka, and upon vote being taken thereon the following voted in favor thereof: <br />Maschka, Schroeder and Klausing <br /> <br />and the follo\ving voted against the same: Ihlan and Kough. <br /> <br />3 <br />