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Recommendation: <br />1 <br />dWEHILLS <br />Request for Council Action <br />Prepared By: Sue Iverson, <br />Finance Director /Treasurer <br />Resolution 2010 -061 Giving Final Approval to the Proposed Issuance <br />of Revenue Notes for Northwestern College <br />Budgeted Amount: <br />N/A <br />Actual Amount: <br />N/A <br />Council Meeting Date: November 15, 2010 <br />Funding Source: <br />N/A <br />Approve Resolution 2010 -061, a resolution approving the issuance, sale, and <br />delivery of Adjustable Rate Revenue Bonds 9Northwestern college Project), Series <br />2010, for the benefit of Northwestern College, payable solely from revenues pledged <br />pursuant to an indenture; approving the form of and authorizing the execution and <br />delivery of the bonds and related documents; and providing for the security, rights, <br />and remedies with respect to the bonds. <br />Supporting Documents: <br />1. See the attached memo from Sue Iverson, dated November 15, 2010. <br />2. See attached memo from Julie Eddington, Kennedy Graven, dated November 9, 2010. <br />3. Resolution 2010 -061. <br />