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Mr. Olson has indicated that he will keep the City informed of actual <br />• expenditures that can be used to reduce the 1994 debt. After speaking to <br />both Colleen Barnes and Jeff Olson, I feel that Confidence Learning Center is <br />sincere in its efforts to honor the 1994 debt. <br />ACTION REQUESTED <br />This item is for information only and requires no action by the City Council. <br />Please feel free to pull this item from the consent agenda if you wish to <br />discuss this issue. You may also call me at 441-4906 at any time during the <br />day on Monday. <br />s:\council\canfiden. doc <br />C~ <br />• <br />