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Request for Conduit Bonds <br />• The City of Hugo has been asked to <br />consider issuing Charter School Lease <br />Revenue Bonds <br />• Not to exceed $20 million <br />• On behalf of CS Property Noble, LLC <br />• Minnesota nonprofit liability company <br />• CSPN will use the bond proceeds to <br />finance the acquisition, construction, and <br />equipping of an approximately 95,000 sq. <br />ft. charter school facility to be leased to <br />Noble Academy. <br />• Will pay the City a fee of $50,000. <br />