STAFF REPORT
Agenda Item: 10.f
 
Council Meeting:
October 8, 2026

Prepared By:
Matt Gsellmeier, Finance Director,

Topic:

Resolution for Public Hearing - Conduit bond for St. Therese

Action Required:
Approval
 
 
Summary

St. Therese is working to use conduit bonds to finance its new addition. As part of the process, St. Therese needs the City of Corcoran to act as the host city because the project is located in Corcoran.  St. Therese also needs to hold a public hearing to issue their debt.

 
Financial/Budget

There are no costs or fees for Corcoran to act as the host city for this issuance.

 
Recommendation

Review and if supported, approve the resolution to hold a public hearing on November 12, 2026, for St. Therese to issue conduit bonds with the City of Medina as the issuer, and the City of Corcoran as the host city.

 
Council Action

Review and if supported, approve the resolution to hold a public hearing on November 12, 2026 for St. Therese to issue conduit bonds with the City of Medina as the issuer, and the City of Corcoran as the host city.

 
Attachments
1. Resolution 2026-81 St Therese Host City Resolution for Public Hearing.docx
2. EXHIBIT A - Notice of Public Hearing.docx
3. Letter from Kutak Rock.docx
4. Corcoran Conduit Bond APPLICATION (signed).pdf