HomeMy WebLinkAbout2014-12-03 PACKET 04.B. REQUEST OF CITY COUNCIL ACTION COUNCIL AGENDA
MEETING ITEM #
DATE 12/3/14 0
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PREPARED BY Finance Robin Roland
ORIGINATING DEPARTMENT DEPARTMENT HEAD
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COUNCIL ACTION REQUEST
Notification of cancelled public hearing.
STAFF RECOMMENDATION
Information only. No action required.
_ .
BUDGET IMPLICATION
BUDGETED AMOUNT ACTUAL AMOUNT
ADVISORY COMMISSION ACTION
DATE REVIEWED APPROVED DENIED
❑ PLANNING ❑ ❑ ❑
❑ PUB�IC SAFETY
❑ PUBLIC WORKS ❑ ❑ ❑
❑ PARKS AND RECREATION ❑ ❑ ❑
❑ HUMAN SERVICES/RIGHTS ❑ ❑ ❑
❑ ECONOMIC DEV. AUTHORITY ❑ ❑ ❑
❑ ❑ ❑ ❑
SUPPORTING DOCUMENTS
� MEMO/LETTER:
❑ RESOLUTION:
❑ ORDINANCE:
❑ ENGINEERING RECOMMENDATION:
❑ LEGAL RECOMMENDATION:
❑ OTHER:
ADMINISTRATORS COMMENTS
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City Administrator Date i
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H:\Council items\council-action template.docx
Cottage
Grove
� Pride and Pr°SPerity Meet
To: Mayor and City Council Members
Ryan Schroeder, City Administrator
From: Robin Roland, Finance Director
Date: November 25, 2014
Subject: Cancelled Public Hearing — Conduit Debt: Educational Facilities Revenue Notes
(Charter Schools Development Corporation/Hiawatha Academies)
Introduction _
The City Council adopted a resolution at their November 5, 2014 meeting calling a public hearing
to consider issuance of conduit debt on behalf of Charter Schools Development
Corporation/Hiawatha Academies.
Discussion
City staff has been advised that this issuer's timeline has changed and they will not be able to
issue debt in 2014. When they do issue in 2015, they will do so with the assistance of another
municipality. Therefore, the public hearing was not advertised and will not take place.
Action Requested
No action is necessary. This is for City Council information only.