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City Council Minutes <br />September 6, 2011 <br />Page 3 <br />----------------------------- - - - - -- <br />4. Open Forum <br />There was no one present for open forum. <br />5. City Attorney <br />5.1. Memorandum of Understandinq between School District and <br />Paul Sandelin reviewed the Memorandum of U <br />School District and the City. He stated that th <br />memorandum is to outline an agreement be <br />the City for payment of a sum of money <br />provide a fund for future infrastructure ' ro i <br />The memorandum is conditioned o e clop <br />Industrial Park. He also noted tha a re <br />memorandum relating to the vacation o <br />reference requests the City to review all a <br />such a petition. <br />�.- MAYOR ADAMS MOVED T " <br />UNDERSTANDING BETWEE TH <br />CITY AND THAANWN THE C <br />PLACED IN E TRIAL <br />AKERSO OND THE MO <br />m <br />5.2. TIF 1- <br />5 -0 <br />i tanding between the <br />e of the <br />an t chool District and <br />r lost t venue and <br />cents in dustrial Park. <br />of the prop n e <br />��ence in the VF <br />f Olson St et. The <br />le options in response to <br />DUM OF <br />STRICT AND THE <br />PAYMENT, IT IS <br />. COUNCIL MEMBER <br />brow the amount of money was <br />s determined by the City's portion of <br />The City Ay explained that Lime Greenery is in default of the <br />Developmert Agreement as the property is in foreclosure. The decision for <br />the City is to decide if the Council will start the process of default and <br />decertification of the district. Council discussion pursued regarding <br />whether or not the City should declare default. <br />COUNCIL MEMBER SJOBLAD MOVED TO SEND A LETTER TO LIME <br />GREENERY AND LAKES STATE BANK STATING THAT THEY ARE IN <br />