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<br />~ <br /> <br />. <br /> <br /> <br /> <br />City Council Minutes <br />December 10, 1985 <br />Page Three <br /> <br />COUNCILMEMBER GUNKEL MOVED TO DIRECT THE STAFF TO TAKE ALL STEPS NECESSARY <br />TO CREATE AN ECONOMIC DEVELOPMENT DISTRICT AND A TAX INCREMENT DISTRICT TO <br />FACILITATE THE CONSTRUCTION OF A WATER TOWER AND RELATED IMPROVEMENTS CON- <br />TINGENT UPON THE ISSUANCE OF ELK RIVER SHOPPING CENTER COMMERCIAL DEVELOPMENT <br />REVENUE NOTES OF 1984 AND COMPLIANCE WITH ALL REQUIREMENTS THEREIN. COUNCIL- <br />MEMBER ENGSTROM SECONDED THE MOTION. THE MOTION PASSED 3-0. <br /> <br />Further discussion was carried on regarding occupancy of the shopping center <br />before the water tower has been constructed. <br /> <br />There being no further business, COUNCILMEMBER GUNKEL MOVED THAT THE MEETING <br />BE ADJOURNED. COUNCILMEMBER ENGSTROM SECONDED THE MOTION. TRE MOTION PASSED <br />3-0. <br /> <br />Respectfully submitted, <br /> <br />(J~ <br /> <br /> <br />Phyllis Boedigheimer <br />City Clerk/Treasurer <br /> <br />PB:st <br />