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Regular City Council Meeting Monday, March 17, 2008 Page 15 • Ms. Ippel advised that the City had the legal authority to issue bonds; and some- times the ACLU chose to become involved if they felt a project was too religious. Ms. Ippel advised that such a situation didn't necessarily result in a lawsuit, but they [ACLU] made a presentation that they didn't think the municipality should issue the bonds. Mayor Klausing asked what ramifications would be brought to the City. Ms. Ippel advised that the bond counsel provided the opinion; and the municipal- ity would defer to them as their legal counsel and their analysis substantiating that opinion. Ms. Ippel advised that, should there ever be any question on the tax- exempt nature of the bonds, language in the bond issue documents provide that Concordia agreed to indemnify the City should any questions arise as to the tax- exempt nature of the bonds. Lynn Henry, Chief Administrator, and Executive Director for Concordia Academy, an Association of Schools Ms. Henry reviewed terms of mortgage debt from recent merger of several schools, recently completed in July of 2007; and the school's attempt to move from regular commercial financing to tax-exempt bonds. Ms. Henry reviewed the three different building projects over the last 15 years: major addition of an audi- torium and music center, offices added in 1992; added science labs and auxiliary gymnasium for athletic practices and lunchroom; with the last addition in 2002 for a distance learning lab, five classrooms, media and technology labs. Ms. Henry noted that, in Bloomington, approximately $2.5 million was held by the Lutheran Church Extension Fund in tax-exempt funding for the gymnasium building pro- ject; with the remaining $600,000 to be used in Bloomington, with two years re- maining in a five year window to make improvements to the facility's sprinkler system, replacement of electrical work, ceiling tiles and roofing. Mayor Klausing opened and closed the Public Hearing at 8:05 p.m., with no one appearing for or against. Further discussion included the number of Concordia students in Roseville (450); the City's access to the school's athletic facilities through a partnership with the City and School for use of the gymnasium, and the community's use of the audi- torium for various arts and public events. Councilmember Thlan reiterated her opinion that it was inappropriate for the City to grant public funds to a sectarian mission, however noble the mission. Klausing moved, Pust seconded, adoption of Resolution No. 10606A entitled, "Resolution Approving the Issuance and Sale of the $7,000,000 Educational Fa- cilities Revenue Note, Series 2008 (Concordia Academy Association of Schools • Project) and Authorizing the Execution of Documents Relating Thereto."