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'11111 C) <br />POLICY OBJECTIVE <br />2,') Generally speaking, the public policy reason for City participation in these financings is to promote greater <br />Y"), investment in the City's higher educational facilities than would otherwise occur by market factors alone. <br />i� Allowing the bonds to be issued tax-exempt makes the bonds more attractive to investors and results in <br />32 lower borrowing costs compared to traditional financing methods. This in turn, provides more available <br />3 dollars for the proposed project. <br />FINANCIAL IMPACTS <br />35 Not applicable. <br />36 STAFF RECOMMENDATION <br />J 17 With guidance from the City's Bond Counsel, Staff recommends the City adopt the attached resolution <br />acknowledging the expenditure of tax-exempt funds by Northwestern College. <br />REQUESTED COUNCIL ACTION <br />'41"), Motion to adopt the attached resolution acknowledging the expenditure of tax-exempt funds by <br />"'I 1 Northwestern College. <br />,"12 <br />Prepared by: Chris Miller, Finance Director <br />Attachments: A: Resolution acknowledging the expenditure of tax-exempt funds by Northwestern College. <br />