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Regular City Council Meeting Monday, March 17, 2008 Page 12 Mayor Klausing noted that, even though his residence was close in proximity to HANC, it was not easy to access; and suggested that potential connections off County Road C be considered if possible outside private property and topography issues. Mayor Klausing, on behalf of the City Council, citizens and staff, thanked the Committee and staff for their work. Roe moved, Ihlan seconded, accepting the Harriet Alexander Nature Center Plan- ning Committee report as presented. Roll Call Ayes: Pust: Ihlan; Roe; and Klausing. Nays: None. Roe moved, Klausing seconded, thanking and recognizing Richard "Jake" Jacob- son and the Harriet Alexander Nature Center Planning Committee for their efforts over the past year and for their final report. Roll Call Ayes: Pust: Ihlan; Roe; and Klausing. • Nays: None. City Manager Malinen expressed his appreciation, not only to the committee, but to staff for the additional meeting burden throughout the year as this study was completed. Mayor Klausing concurred, and thanked staff as well. 11. Public Hearings a. Public Hearing regarding Issuance of Tax-Exempt Revenue Bonds on Behalf of Concordia Academy Finance Director Chris Miller briefly reviewed the request of Concordia Academy for the City to provide conduit financing for issuance of tax-exempt revenue bonds for the Roseville and Bloomington facilities. Mr. Miller introduced Mary Ippel of Briggs & Morgan, the City's legal bond counsel, for this project. Councilmember Pust questioned if there were positive financial impacts to the City through fees received for the issue. Mr. Miller advised that the City would realize one percent (1%) of the initial issue costs in administration fees, in addition to recouping upfront any incidental and ongoing financial reporting fees from Concordia Academy. •