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�, . <br /> COUNCIL MEMORANDU`�I <br /> #95-45 <br /> September 1, 199� <br /> TO: The Honorable Mayor and City Council Members <br /> FROM: James C. B� .;City Manager <br /> � <br /> RE: Ring Can <br /> Staff requests that the attached resolution be adopted as an item under Other Business at <br /> your regular meeting Tuesday, September 5. The entire $3 million is intended to be used to <br /> purchase capital equipment for the company's Decatur facility and time is of the essence. <br /> Mayor Howley, Beth Counter and I attended a meeting earlier this week regarding the <br /> financing of the CICD's downtown project. CICD and city officials are encouraged by the <br /> progress being made in this project but believe that adopting the attached resolution will not <br /> jeopardize either the CICD project or future capital needs of Decatur city government. <br /> The attached resolution is identical to the one reviewed at Monday's study session. <br /> Please contact me prior to Tuesday's meeting if you have any questions. <br /> Attachment <br /> cc: Daniel R. Sommerfeldt <br /> John W. Couter <br /> Beth B. Couter <br />