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03-11-13 Council Packet
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03-11-13 Council Packet
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3/6/2014 2:11:03 PM
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4/9/2013 1:32:23 PM
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City Council
Council Document Type
Council Packet
Meeting Date
03/11/2013
Council Meeting Type
Regular
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Two issues needed t o be taken into consideration when leasing the facility. The civic complex <br />was financ ed with CIP tax exempt bonds. For federal tax purposes, the amount of square <br />footage being leased is within federal guidelines for leasing to a non -governmental entity. The <br />academy’s business plan, mission and curriculum was also evaluate d and found to be compliant <br />with the First Amendment regarding leasing a p ublicly financed, tax exempt facility to a faith <br />based school. <br /> <br />RECOMMENDATION <br /> <br />Approve Resolution 13 -25 approving the Civic Complex Lease Agreement <br /> <br />ATTACHMENTS <br /> <br />Resolution No. 13 -25
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