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I REQUEST FOR COUNCIL ACTION <br />2 <br />3 Date. 2/25/2008 <br />4 Item. No.- 7. <br />Department Approval.- Manager Approved. Agenda Section.- <br />Wim <br />7 Consent <br />Item. Description.- Re -set a Public Hearing to Issue Tax - Exempt Revenue Bonds on Behalf of <br />10 Concordia Academy. <br />II <br />1 <br />13 Background <br />14 Previously on February 11, 2008 the City Council established a public hearing for March 3, 2008 <br />15 to consider the issuance of tax exempt revenue bonds on behalf of Concordia Academy. <br />16 Unfortunately we were unable to publish the hearing notice in the statutorily required tirn.eframe. <br />17 <br />18 The Council is asked to re -set the public hearing for March 17, 2008. The attached resolution <br />19 includes language that will rescind the previously scheduled hearing. <br />0 <br />1 Attachment <br />Enclosed is a resolution setting the public hearing, as prepared by Bond Counsel. <br />3 <br />4 Council Action Requested <br />5 Motion to adopt the attached resolution rescinding the previously scheduled public hearing, <br />and establishing a new public hearing for March 17, 2008, for the purposes of issuing <br />7 approximately 7 million in tax -exe mpt revenue bonds, for Concordia Acade my. <br />8 <br />213205v1. I <br />