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City of Missoula, Montana Item to be Referred to City Council Committee Committee: A & F Item: “RESOLUTION RELATING TO ECONOMIC DEVELOPMENT REVENUE BONDS (SUSSEX SCHOOL PROJECT) OF THE CITY IN AN APPROXIMATE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $900,000; GRANTING PRELIMINARY APPROVAL THERETO; AND CALLING A PUBLIC HEARING ON SUCH BONDS AND PROJECT” Date: April 23, 2010 Prepared by: Brentt Ramharter Initiated by: Brentt Ramharter Action Required: Set a public hearing to approve resolution authorizing the use of tax exempt financing for improvements to be made at Sussex School. Recommended Motion: I move the City Council set a public hearing to approve the "RESOLUTION RELATING TO ECONOMIC DEVELOPMENT REVENUE BONDS (SUSSEX SCHOOL PROJECT) OF THE CITY IN AN APPROXIMATE AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $900,000; GRANTING PRELIMINARY APPROVAL THERETO; AND CALLING A PUBLIC HEARING ON SUCH BONDS AND PROJECT" Timeline: Referral to committee: April 23, 2010 Committee discussion: April 28, 2010 Deadline: Have council approve at May 24th public hearing Background and Alternatives Explored: Please read attached application. Financial Implications: None for the City. Attachments: Draft Resolution Notice of Public Hearing Sussex Project Bond Application