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The City has to qualify to get them; we get authorized by the US Treasury to essentially provide donors
with these credits. In order to be eligible to do that you have to go through a whole process. You’ve got
to be in the right census track which is depressed; you’ve got to have a program that is intended to
address issues in that census track and stimulate the economy.
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is to start. And | think we have started, and we need to continue and we need to invest in what we’ve
already started to keep going.
Alderman Caron
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Alderman Gidge
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think we are staying within that. | think we still stay within the intent, | think delaying it is, this is just my
opinion, but | think it would be wrong and going outside the bond | think we lose the honesty and
transparency of it.
Alderman Tencza
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President Wilshire
You don’t have to cry.
Alderman Jette
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McCarthy was trying to tell me, and it wasn’t really until | saw the estimate for the architect and started
comparing it to other projects of similar scope and | realize “Oh so that’s the problem”.
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Given its second reading;
MOTION BY ALDERMAN O’BRIEN FOR FINAL PASSAGE OF R-18-092 BY ROLL CALL
ON THE QUESTION
Alderwoman Melizzi-Golja
| would just point out that although this is for final passage of R-18-092 we are not letting the bond, we
are not approving that the bond be let. There seems to be confusion out there that we are allowing the
bond to be let prior to the private funds being raised. That is not what is happening, we are just
approving the amendments, the changes that are in here.
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President Wilshire
Attorney Bolton, did you have something to add to that?
Attorney Bolton
