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EXHIBIT A
<br /> NOTICE OF PUBLIC HEARING ON A
<br /> PROPOSAL FOR ISSUANCE OF A HOUSING AND
<br /> HEALTH CARE REVENUE REFUNDING NOTES
<br /> (PHS/LAKE MINNETONKA CAMPUS PROJECT)
<br /> Notice is hereby given that the City Council of the City of Arden Hills, Minnesota(the "City"),
<br /> will meet in City Council chambers at the Arden Hills City Hall, 1245 Highway 96 West, in the City,
<br /> at 7:00 p.m. on Monday, April 28, 2014, to consider giving host approval to the issuance by the City
<br /> of Chanhassen, Minnesota ("Chanhassen"), the City of St. Bonifacius, Minnesota ("St. Bonifacius"),
<br /> and the City of Spring Park, Minnesota ("Spring Park", and together with Chanhassen and St.
<br /> Bonifacius, the "Issuers") of revenue obligations, in one or more series (the "Notes"), under Minnesota
<br /> Statutes, Chapter 462C (the "Act"), in order to refinance the cost of a project located in the City,
<br /> pursuant to an existing housing program (the "Housing Program") and a joint powers agreement with
<br /> the Issuers and with Ankeny, Iowa.
<br /> PHS/Lake Minnetonka, LLC (the "Borrower"), an affiliate of Presbyterian Homes and
<br /> Services, a Minnesota nonprofit corporation, proposes to refinance a Project consisting of refunding
<br /> the outstanding principal amount of the City of Spring Park, Minnesota $28,000,000 Housing and
<br /> Health Care Revenue Note, Series 2010 (PHS/Lake Minnetonka Campus Project), the proceeds of
<br /> which were used to (i) finance the acquisition, construction, and equipping of new facilities, the
<br /> demolition of 2 existing buildings, and the renovation of existing facilities to create a senior housing
<br /> development that consists of 236 senior housing units, including 166 independent living units, 52
<br /> assisted living units, 18 memory care units, and an approximately 20,000 square foot town center for
<br /> use by the residents of the senior housing units located at 4501, 4523, 4527, and 4599 Shoreline Drive
<br /> in Spring Park; (ii) refund Spring Park's outstanding Multifamily Housing Revenue Bonds
<br /> (Presbyterian Homes Housing and Assisted Living, Inc. Project) Series 2007 which were issued to
<br /> finance the acquisition and renovation of a 75-unit multifamily housing development comprised of 2
<br /> buildings located at 4601/09 Shoreline Drive and 2380 Island Drive in Spring Park (the "Park Hill
<br /> Apartments") and to refinance the acquisition and renovation of a 51-unit multifamily housing
<br /> development comprised of 3 buildings, located at 4579, 4589, and 4599 Shoreline Drive in Spring
<br /> Park (the "Shoreview Apartments") (collectively, the "Spring Park Portion"); and (iii) refund a portion
<br /> of the outstanding City of Arden Hills, Minnesota Health Care and Housing Revenue Refunding
<br /> Bonds (Presbyterian Homes of Arden Hills, Inc. Project), Series 1999B, which were issued to finance
<br /> the costs of the refinancing, acquisition, construction or renovation of certain housing and health care
<br /> facilities located at 3120 and 3220 Lake Johanna Boulevard, Arden Hills, and at the time of issuance,
<br /> commonly known as "Lakeview Residence," a 177-unit elderly assisted-living facility, "Sutton Place,"
<br /> a 19-unit elderly independent-living facility, and "McKnight Care Center," a 208-bed nursing home
<br /> facility in the City, now collectively known as "Johanna Shores" (the "Arden Hills Portion," and
<br /> together with the "Spring Park Portion," the "Project") and other facilities located in Spring Park and
<br /> Bloomington, Minnesota and Ankeny, Iowa. The Spring Park Portion of the Project is owned and
<br /> operated by the Borrower and the Arden Hills Portion of the Project is owned and operated by
<br /> Presbyterian Homes of Arden Hills, Inc., an affiliate of Presbyterian Homes and Services.
<br /> The total maximum aggregate estimated principal amount of notes or other obligations to be
<br /> issued by the Issuers is $27,900,000.
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