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ARDEN HILLS CITY COUNCIL—November 30, 2009 5 <br /> SA. Renewal Agreement with Northwest Youth and Family Services for a S Year <br /> Term Beginning January 1, 2010 and Expiring December 31, 2014 (continued) <br /> document. He clarified that he would like to have these items before signing the <br /> agreement. <br /> MOTION: Mayor Harpstead moved and Councilmember McClung seconded <br /> a motion to Approve the Renewal Agreement with Northwest <br /> Youth and Family Services fora 5 Year Term Bel!inninLy January <br /> 1, 2010 and Expiring December 31, 2014 pending the requested <br /> documentation being provided and the amount of the contract <br /> being verified. The motion carried unanimously (5-0). <br /> B. Motion to Adopt the Park Bench Donation Program Policy <br /> Councilmember Holden stated the brochure was well done but there was still <br /> some language work that could be done. One of the areas that she recommended <br /> the PTRC review was the price of the plaque because $150.00 seemed to be <br /> expensive. <br /> MOTION: Councilmember Holden moved and Councilmember Holmes <br /> seconded a motion to Table the Bench Park Donation Pro ram <br /> Policy for additional information and language changes. The <br /> motion carried unanimously (5-0). <br /> 6. PUBLIC HEARINGS <br /> A. Northwestern College Public Hearing for Conduit Issuance <br /> Finance Director Sue Iverson stated Northwestern College is requesting financing <br /> for a new facility, Community Life Commons, for its campus. The maximum <br /> amount of financing requested is $9,000,000. The zoning for this project is under <br /> the terms and conditions of the PUD agreement between the College and the City <br /> approved in October, 2007. The City will be reimbursed and held harmless for all <br /> out-of-pocket expenses related to the financing according to the City's application <br /> process and the application filed. The City will receive 1/8 of 1% of the <br /> outstanding principal balance of the bonds annually. The City's bond counsel has <br /> reviewed the application and has filled out the required DEED application. After <br /> the public hearing, the Council will be asked to adopt Resolution 2009-036 giving <br /> preliminary approval to the proposed issuance of revenue notes under Minnesota <br /> Statutes, Sections 469.152 through 469.1651, as amended. <br />