7A, Northwestern College Application for Tax-Exempt Financing

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2.04. The City Administrator is hereby authorized and directed to publish notice of the public hearing, in substantially the form attached hereto as EXHIBIT A to this resolution, in the Shoreview - Arden Hills Bulletin, the official newspaper of the City and a newspaper of general circulation in the City. The notice shall be published at least once, at least fourteen (14) days prior to the date of the public hearing but not more than thirty (30) days prior to the date of the public hearing. 2.05. In accordance with Section 469.154 of the Act, the City Administrator is hereby authorized and directed to cause a draft copy of the DEED Application, together with drafts of all required attachments and exhibits, to be prepared by Kennedy & Graven, Chartered, as bond counsel. The DEED Application, together with all attachments and exhibits, shall be made available for public inspection in the office of the City Administrator during regular business hours of the City. The City Administrator and other officers, employees, attorneys, and agents of the City are hereby authorized to provide DEED with any information needed for this purpose, and the City Administrator is authorized to initiate and assist in the preparation of such documents as may be appropriate to the Project. Section 3. Preliminary Approval. 3.01. The City hereby gives preliminary approval to the issuance of the Notes in the original aggregate principal amount not to exceed $9,000,000 to finance all or a portion of the costs of the Project, subject to final approval following the preparation of documents related to the Notes, and subject to final determination by the City that the financing of the Project and the issuance of the Notes are in the best interest of the City. 3.02. The law firm of Kennedy & Graven, Chartered, is authorized to act as bond counsel and to assist in the preparation and review of necessary documents relating to the Project and the Notes to be issued in connection therewith. The City Administrator and other officers, employees, and agents of the City are hereby authorized to assist bond counsel in the preparation of such documents. (The remainder of this page is intentionally left blank.)