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r <br /> . ,:� • � <br /> � ..� � <br /> � • �s ,� * <br /> . - The Agreement provides for notes to be issued if reimbursement is sought at a time when <br />�I .� ' � " 'the TIF does not yet have sufficient funds. The notes are payable only from the TIF and are not a <br /> I ' general obligation of the City; further, such notes will be issued only after approval of bond <br /> - counsel. <br /> Staff has reviewed the Agreement and is satisfied that it meets the intent of the project as <br /> discussed with the Developer and with Council. <br /> JWC:ps <br /> cc: Wendy L. Morthland <br /> John T. Robinson <br />