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ARDEN HILLS CITY COUNCIL—November 30, 2009 7 7A. Resolution 2009-036 (continued) Ms. Eddington explained that the public hearing was held tonight under the statute that the bonds are being issued under. Once this public hearing is over and the Resolution is adopted by the City Council this will be sent to the State of Minnesota. There will be an approval received from the Minnesota Department of Employment and Economic Development (DEED). They will need to approve the issuance of these bonds before the City can give final approval. This item will be brought for final approval at a City Council meeting and a final Resolution where the City will have an opportunity to look at the documents and approve the final form of the documents and final form of the bonds. Councilmember McClung asked if this was something different from previous conduit financing the City had done. Finance Director Iverson stated that this was coming before the _City Council a third time because of the DEED application. Ms. Eddington stated that this request is subject to different statutes than previous conduit financing requests. MOTION: Councilmember Grant moved and Councilmember McClun seconded a motion to Approve Resolution 2009-036• A Resolution Giving Preliminary Approval to the Proposed Issuance of Revenue Notes to Northwestern College under Minnesota Statutes, Section 469-152 through 469.1651, as Amended. The motion carried unanimously (5-0),: Be Motion to Direct Staff to Move Forward with the Proposed Design for the Elmer L. Anderson Memorial Trail Signage and Authorize Staff to Proceed into the Production of Detailed Sign Specifications to Allow for Accurate Quotes and Final Review Parks and Recreation Manager Olson stated at the December 11, 2006 Regular City Council Meeting, the City Council passed Resolution 06-62 Designating the Elmer L. Anderson Memorial Trail (EAMT). The Parks, Trails and Recreation Committee (PTRC) recommended that in the future this trail should receive signage to designate and identify it. This item had been delayed several times in order to consider signage for the entire trail system. At the City Council work session where CIP items were reviewed in July, the City Council determined that they were not in