7A, Northwestern College Application for Tax-Exempt Financing

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Part IV Application for Tax-exempt Finand 4Commerclal, Industrial, Health Care or other Non -Housing Projects) 1. Applicant a, Business Name: b. Business Address: c. Business Form: d. Authorized Representative e. Principal contact person 2. Purpose of Requested Financing: a. New Facility: Northwestern College 3003 Snelling Ave. No, Roseville, MN 55113 Corporation Douglas R. Schroeder, VP for Business/CFO Douglas R. Schroeder Aq1 ^Aq1 _q1 9n Community Life Commons (student union) for Campus 3. Give brief description of the nature of business, principal products, etc. Founded in 1902, Northwestern College is a nondenominational Christian college that integrates the educational philosophy of "faith, learning and living„ through two focuses: higher education and media, The higher education focus offers a vast array of opportunities within a strong academic program. Northwestern offers 45 bachelor degrees ranging from elementary education, business and pastoral studies to broadcasting/electronic media and psychology, and offers two master's degrees in organizational leadership and theological studies. The core component is the traditional day -school program, which enrolls over 1,700 students of which somewhat over 1,200 are residential students in college provided housing. Graduate and continuing education programs serving over 900 students, include FOGS degree completion, Center for Distance Education, Center for Graduate Studies, and the Christian Center for Communications in Quito, Ecuador. Northwestern's campus in the cities of Arden Hills and Roseville encompasses 107 acres and 12 (now to be 13) buildings. 4. Estimated Project Costs;