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<br /> <br />EXHIBIT A <br /> <br />FORM OF NOTICE OF PUBLIC HEARING <br /> <br />CITY OF ARDEN HILLS, MINNESOTA <br /> <br />NOTICE OF A PUBLIC HEARING WITH RESPECT TO A PROGRAM FOR A <br />MULTIFAMILY HOUSING DEVELOPMENT AND THE ISSUANCE OF REVENUE <br />BONDS TO FINANCE THE MULTIFAMILY HOUSING DEVELOPMENT IN <br />ACCORDANCE WITH THE PROVISIONS OF MINNESOTA STATUTES, <br />CHAPTER 462C, AS AMENDED <br /> <br /> NOTICE IS HEREBY GIVEN that the City Council of the City of Arden Hills, Minnesota (the <br />“City”) will hold a public hearing on Monday, June 8, 2015, on or after 7:00 p.m. at City Hall, <br />1245 Highway 96 West, Arden Hills, Minnesota 55112-5743, to consider the adoption of a housing <br />program for a multifamily housing development (the “Program”) and to grant preliminary approval for <br />the issuance of revenue bonds of the City (the “Bonds”) under Minnesota Statutes, Chapter 462C, as <br />amended (the “Housing Act”), to finance a loan to Presbyterian Homes of Arden Hills, Inc., a Minnesota <br />nonprofit corporation (the “Company”), with respect to the following: (i) the construction and equipping <br />of a senior housing facility comprised of forty (40) independent-living, rental apartments to be located in <br />two buildings (twenty (20) apartments per building), together with necessary common areas and <br />community space, to be located as 3200 Lake Johanna Boulevard in the City (the “Project”); (ii) the <br />payment of a portion of the interest on the Bonds; and (iii) the payment of a portion of the costs of issuing <br />the Bonds. The Project will be owned and operated by the Company. <br /> <br /> At the public hearing, the City Council will consider the adoption of a resolution approving the <br />Program with respect to the Project and giving preliminary approval to the issuance of the Bonds to <br />finance the costs of the Program and the Project. The aggregate face amount of the Bonds proposed to be <br />issued to finance the Program and the Project is presently estimated not to exceed $12,000,000. The <br />Bonds will be issued by the City and will constitute limited obligations of the City payable solely from <br />the revenues expressly pledged to the payment thereof, and will not constitute general obligations of the <br />City and will not be secured by any taxing powers of the City nor any assets or property of the City <br />except the interests of the City in the Project that may be granted to the City in conjunction with this <br />financing. The City may authorize certain other political subdivisions of the State of Minnesota to issue <br />bonds to finance a portion of the Project. <br /> <br /> A copy of the Program has been submitted to the Metropolitan Council as required by the terms <br />of the Housing Act and is on file in the offices of the City Administrator at 1245 Highway 96 West, <br />Arden Hills, Minnesota, on and after the date of publication of this notice. <br /> <br />Anyone desiring to be heard during this public hearing will be afforded an opportunity to do so. <br />Written comments will be considered if submitted to the attention of the Administrator on or before the <br />date of the public hearing. <br /> <br />Dated: [Date of Publication] <br /> <br /> <br />BY ORDER OF THE CITY OF ARDEN HILLS, <br />MINNESOTA <br />AR200-016 (JU) <br />461115v.1