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Regular City Council Meeting <br /> Monday,July 13, 2015 <br /> Page 35 <br /> allow the City to pay off the bonds sooner or use funds for another purpose, de- <br /> pending on variables that may change over the bond term. <br /> At the request of Mayor Roe regarding a time frame (e.g. 10 years) to spend the <br /> TIF funds, and decertification of the district as the other option, Community De- <br /> velopment Director Bilotta advised that the District could continue, but the City <br /> would be limited to no more than 25%, and while it could continue gathering in- <br /> crement it would be without any benefit for the City. <br /> Under that scenario, City Manager Trudgeon opined that staff would probably <br /> recommend decertifying the TIF District if a bond issue was not undertaken; with <br /> Mr. Bilotta noted any future projects would have to be recertified as new TIF dis- <br /> tricts, with not as much flexibility as legislated under this existing TIF District 17. <br /> f. Discussion of 2015—2017 Policy Priority Planning Document <br /> Due to time constraints, this item was deferred to a future August 2015 meeting <br /> agenda. <br /> 16. City Manager Future Agenda Review <br /> 17. Councilmember-Initiated Items for Future Meetings <br /> 18. Adjourn <br /> Willmus moved, Etten seconded, adjournment of the meeting at approximately 9:59 p.m. <br /> Roll Call <br /> Ayes: Laliberte, McGehee, Willmus, Etten and Roe. <br /> Nays: None. Ak <br /> Itpep <br /> Daniel J. •r ayor <br /> ATT5T: <br /> Patrick J. Trudgeon, City M ger <br />