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During the August 11, 2025 Council Special Work Session discussion, Council's consensus was to <br />move ahead with next steps for the issuance. Staff has coordinated with both the City's bond <br />counsel, Kennedy & Graven, and financial advisor, Ehlers, for their review of the application <br />materials and guidance on next steps. <br />Council Discussion <br />This initial resolution approves the form of a notice of a public hearing and authorizes its <br />publication to be held on September 8, 2025. The next steps in the process are as follows: <br />• August 25, 2025. Call for Public Hearing <br />• August 29, 2025. Publish Notice for Public Hearing <br />• September 8, 2025. Hold Public Hearing <br />A representative from the Church of St. Odilia will be present at the Public Hearing to discuss <br />this matter further and answer any questions. <br />Budget Impact <br />There is no financial risk or budget impact to the City. <br />AttarhmPntc <br />Attachment A: Resolution 2025-055 <br />Page 2 of 2 <br />