Laserfiche WebLink
<br />City Council Minutes - 07/29/02 <br />Page 16 <br /> <br />Councilmember Kough was encouraged to continue <br />working with staff and residents in pursuing this project, <br />particularly any interested community volunteers. <br /> <br />Mayor Kysylyczyn recognized Mr. Dick Lambert, who <br />suggested that the City obtain a statistically valid survey <br />of the community, listing estimated costs for specific <br />components of a community center project and their <br />related specific tax ramifications. <br /> <br />Mayor Kysylyczyn thanked Mr. Lambert for his <br />comments. <br /> <br />Mayor Kysylyczyn suggested that staff may wish to <br />determine volunteer interest in marketing the upcoming <br />Public Safety building referendum, as a trial run. <br /> <br />No action was taken. <br /> <br />B. <br /> <br />Consideration of Issuing Tax-Exempt Bonds for <br />Northwestern College <br /> <br />Finance Director Miller introduced the request of <br />Northwestern College for the issuance of tax-exempt <br />bonds by the City, as per State Statute provisions, for the <br />purposes of funding student housing and the classroom <br />portion of a new media center on the Northwestern <br />College Campus located in Roseville and Arden Hills. <br /> <br />Mr. Miller advised that the unique characteristic of this <br />request is the reluctance of the City's Bond Counsel, <br />Briggs and Morgan, to issue an unqualified opinion as to <br />the legality of the City issuing tax -exempt financing for <br />Northwestern College. <br /> <br />Mr. Miller stated that the concern was the Bond <br />Counsel's interpretation of whether Northwestern would <br />be considered "pervasively sectarian" by a court if there <br />were a legal challenge. Mr. Miller advised that <br />Northwestern College had sought an opinion from <br /> <br />Northwestern College <br />Consideration of <br />Tax Exempt <br />Bond Issue <br />