BELLINGHAM - Funding for the city's purchase of Chuckanut Ridge will again go before the City Council on Monday, Sept. 26.

The council's finance committee meeting will take up the issue again at 2:35 p.m.

The committee met Thursday, Sept. 22, so the three-member panel could discuss ways to repay a loan of up to $3.3 million that will be taken from a fund that gets a share of voter-approved Greenways property tax levy money. Greenways money is supposed to be used for maintenance, not land purchases. The money will have to be repaid with interest.

The committee will talk about what to report to the full council at its regular meeting Monday, which begins at 7 p.m.

The council voted Aug. 15 to buy the 82-acre parcel on the south side from Washington Federal for $8.2 million. Part of the financing package to buy the land included the loan.

The council has not identified how it will repay the loan over the next six years.

On Monday, the council also will take up what's called "final consideration" of the ordinance that would take money from various funds for the purchase.

Other funding sources for Chuckanut Ridge, also known as Fairhaven Highlands, are $4.5 million from the Greenways III levy that voters approved in 2006, and $500,000 from parks impact fees collected from the south side.

The committee and full council will meet in council chambers at City Hall, 210 Lottie St.