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(b) (i) The Council hereby finds that the Sources and Uses schedule <br />properly makes use only of gap strategies previously autharized by <br />Council at its meeting on August 9, 2004, including: <br />12evenue Bonds - taxable or tax-exempt supported <br />only by proj ect 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 />(� i� Although special assessn�ents are not used as a funding <br />strategy on Exhibit D, the Council approved their use. <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 />No general obligation bonds <br />• No fiscal disparity costs to City taxpayers (fiscal <br />clisparities are taken from within the district) <br />2.02 In summary, the Council hereb.�s that Rottlund has successfully completed all <br />actions required to be taken by it by September 30,2004 under the Contract. <br />Section 3. Autharizations. <br />3.01 The Council hereby autharizes City staff to continue to wark with Rottlund on the <br />tasks and for tlie purposes set forth in the Contract, with Rottlund's progress to be evaluated again as <br />of Dece�ilbcr 31,2004, the next benclutlark date provided for in the Contract. <br />Adopted by the Council of the City this 27th day of September, 2004. <br />The motion far �17 � adoption of the foregoing resolution was duly seconded by Council <br />Member Maschka, and upon vote being taken thereon the following voted in favar thereoi <br />Maschka, Schroeder and Klausing <br />and the following votcd against �1�4� same: Thlan and Kou�h. <br />� <br />