Councillor David Stewart said the money was not looking so good and he asked how Creative Tauranga was dealing with it.
Ms Rudduck-Gudsell said she had "good discussions" with the council's city directions group manager Christine Jones, and that the council would be updated in the confidential section of the agenda.
Yesterday's meeting included a confidential section headed "Creative Tauranga Relationship Agreement - six monthly monitoring report".
Cr Murray Guy asked what would be the process to get the Hairy Maclary statues installed earlier while protecting the interests of ratepayers.
Ms Jones said it would require a council resolution that did not require Creative Tauranga to pay the $150,000 before the statues were installed. The council would have to decide whether the future maintenance of the statues required a contribution from rates or not.
Creative Tauranga could also be spared the additional cost of installing the statues if the council's city partners worked in-kind to get the job done.
Mr Baldock said the presentation to the taskforce included staff saying that there would not be any huge extra cost to maintain the statues. He said afterwards that he would hate to see the statues sitting in a warehouse because Creative Tauranga could not afford the $150,000.
"They are being gifted to to the city anyway, so why not just take them over ... they are bronzes, what would it cost?"
Ms Rudduck Gudsell said it would not cost $4000 a year to wipe the statues down on a regular basis. She estimated Creative Tauranga would be left with $200,000 to raise if the council waived the $150,000 and the installation was done by an in-kind arrangement.