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Department <br />REQUEST FOR COUNCIL ACTION <br />Manager Approved: <br />Date: 11/07/2002 <br />Item No: 2 <br />Agenda Section: <br />Organizational Business <br />Item Description: Formal Approval of Resolution Authorizing the Issuance of Tax-Exempt Bonds <br />For Northwestern College <br />Background <br />On October 21, 2002, the City Council approved the issuance of ta�c-exempt bonds for Northwestern <br />College. However, the actual resolution approving the bond sale was not available until right before the <br />start of the meeting, and did not get added to the Council packets. <br />To ensure that all legal proceedings are followed in the manner prescribed, the Council is asked to formally <br />adopt the attached resolution. <br />Council Action Requested <br />Motion to adopt the attached resolution authorizing the issuance of up to $10,000,000 in tax-exempt <br />revenue bonds, for Northwestern College. <br />