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EXHIBIT A
<br />CITY OF ARDEN HILLS, RAMSEY COUNTY, MINNESOTA
<br />NOTICE OF PUBLIC HEARING ON A PROPOSED PROJECT
<br />ON BEHALF OF THE CHURCH OF ST. ODILIA
<br />AND THE ISSUANCE OF REVENUE BONDS UNDER
<br />THE MINNESOTA MUNICIPAL INDUSTRIAL DEVELOPMENT ACT,
<br />MINNESOTA STATUTES, SECTIONS 469.152 THROUGH 469.165,
<br />AS AMENDED
<br />NOTICE IS HEREBY GIVEN that the City Council of the City of Arden Hills, Minnesota
<br />(the "Issuer") will meet on Monday, September 8, 2025, at 7:00 p.m., or as soon thereafter as is
<br />reasonably possible in City Hall located at 1245 West Highway 96, Arden Hills, Minnesota, to
<br />conduct a public hearing.
<br />The purpose of the public hearing is to consider the proposal that the Issuer issue its
<br />educational facilities revenue refunding obligations, in one or more tax-exempt series (the
<br />"Bonds"), under and pursuant to Minnesota Statutes, Sections 469.152 to 469.1655, and Section
<br />471.656, primarily to refinance the costs of the "Project" described below. The Project is and will
<br />continue to be owned and operated by The Church of St. Odilia, of Shoreview, Minnesota (the
<br />"Borrower"), a Minnesota religious nonprofit corporation and an organization described in Section
<br />50l(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code").
<br />Proceeds of the Bonds would be loaned to the Borrower and used to: (i) redeem and payoff
<br />(refinance) the City of North Oaks's Educational Facilities Revenue Note, Series 2017 (St. Odilia
<br />School Project), dated May 4, 2017, which was originally issued to finance the non-religious
<br />portions of ( a) the construction of an approximately 18,872 square-foot two-story addition to the
<br />current school building to include school administration offices, a multi-purpose staff/youth room,
<br />locker rooms, specialty classrooms for a learning lab and science and computer instruction, a
<br />library/media center, an elevator, and ADA accessible restrooms, (b) renovations to the existing
<br />building including an addition of a new linking upper level corridor for access to the south
<br />education wing and remodeling to convert (y) the current library, computer lab space and a special
<br />services classroom into four classrooms, and (z) two existing classrooms into a large motor skills
<br />preschool room, and ( c) site improvements to the exterior of the buildings, including moving the
<br />preschool playground and bus parking improvements, all located at 3495 Victoria Street North,
<br />Shoreview, Minnesota; and (ii) pay costs of issuance associated with the Bonds. The estimated
<br />total amount of the Bonds will not exceed $1,700,000, and are proposed to be issued as qualified
<br />501(c)(3) bonds as defined in Section 145 of the Code.
<br />The Bonds and the interest thereon shall be special limited obligations of the Issuer and the
<br />principal thereof and interest thereon will be payable solely from the revenues pledged to the
<br />payment thereof, and the Issuer shall not be subject to any liability on them. No holder of the
<br />Bonds shall ever have the right to compel any exercise of the taxing power of the Issuer to pay the
<br />principal and interest on the Bonds, or to enforce payment of them against any property of the
<br />Issuer except those projects, or portions thereof, mortgaged or otherwise encumbered.
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