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Regular City Council Meeting Monday,June 9, 2014 Page 23 As a point of information, Councilmember Willmus requested a specific date for the work session. City Manager Trudgeon advised that, if the City Council wanted to remain on their regular schedule for the Worksession versus a special meeting, the July 7, 2014 meeting's agenda was very light at this time, with the only business item scheduled being a joint meeting with the HRA. However, Mr. Trudgeon suggest- ed that some flexibility remain for other topics that may need addressed and yet to come forward that that meeting,but to retain the survey as the main topic. At the request of Councilmember Etten, Communications Manager Bowman con- firmed that the Executive Summary would be available by then; and advised that he would contact both Mr. Morris and Mr. Leatherman to determine which if ei- ther would be available for the July 7th meeting. By consensus, the motion was amended to include the specific date of July 7, 2014, for the proposed work session. Roll Call Ayes: McGehee; Willmus; Laliberte; Etten; and Roe. Nays: None. 11. Public Hearings a. Public Hearing to Acknowledge the Expenditure of Tax-Exempt Funds for the University of Northwestern—St. Paul Finance Director Chris Miller briefly summarized the requested action as detailed in the RCA dated June 9, 2014. Mr. Miller advised that representatives of the University of Northwestern-St. Paul were present tonight to discuss the projects and seek local City Council support to expend some of those proceeds in the community. Councilmember McGehee reviewed the process for seeking a municipal stamp of approval and related administrative fee to allow the University to purchase bonds at a tax exempt rate. Finance Director Miller advised that the purpose was to provide municipal ap- proval for the University to proceed for the specified uses; however, he clarified that the City would not be collecting a fee as there was no cost to the City to do this, and a fee would only be received if the City were issuing and administering the bonds which in this case the City is not. Mr. Miller advised that the requested council action assures that the University has the authority to borrow money at a lower rate, similar to a municipal rate, to save dollars on their bond issue by hav-