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<br /> Recommendation 3--That the City Council authorize the use of $900,000 of <br /> bond interest reserve fund to compensate for the inflation factor. <br /> e Mr. Lieuallen moved, seconded by Mr. Hamel, to approve Recommen- <br /> dation 3 as attached. Roll call vote; motion carried unanimously. <br /> Mr. Hamel said that he hoped Mr. Smith had his back door well guarded on <br /> this one because the taking of $900,000 very much concerned him as to what <br /> would happen when they were short $1 million at the end of the project. <br /> Meeting was adjourned to July 28, 1980, at 7:30 p.m. <br /> Respectfully submitted, <br /> c~nr?~ <br /> Ci ty Man ager <br /> (Beth Conant, Minutes Recorder) <br /> BC:pm/CM23a19 <br /> e <br /> e <br /> 7/23/80--9 <br />