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<br /> <br />Item 6.1 . <br /> <br />MEMORANDUM <br /> <br />TO: Mayor and City Council <br /> <br />FROM: Lori johnson, Director of Finance and Administrative Services <br /> <br />DATE: january 18, 2005 <br /> <br />SUBJECT: Consider Resolution Calling for a Public Hearing for a Private <br />School Facility Pursuant to MN Law, and Authorizing <br />Preparation and Publication of a Notice of the Hearing <br /> <br />Recendy, the City Council authorized staff to work with the Church of St. Andrew to <br />ftnance a portion of the St. Andrew school expansion with tax exempt bonds. The City's <br />bond counsel has reviewed the request and finds it to be an eligible tax exempt project. <br /> <br />Attached is a resolution calling for a public hearing on the issuance of tax exempt bonds for <br />this project. The public hearing is required as part of the process to allow the issuance of <br />these bonds. The public hearing will be held on February 22 to meet St. Andrew's schedule <br />for receiving bond funds. <br /> <br />Action Requested <br />The City Council is asked to consider the attached resolution calling for a public hearing on <br />a proposal for a private school facility project pursuant to Minnesota law, and authorizing <br />preparation and publication of a notice of the hearing. <br />