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<br />e <br /> <br />. <br /> <br />. <br /> <br />NOTICE OF PUBLIC HEARING ON THE ISSUANCE OF <br />REVENUE BONDS TO FINANCE HOUSING AND HEALTH CARE FACILITES <br />AND <br />A PROPOSED HOUSING PROGRAM <br />(PRESBYTERIAN HOMES OBLIGATED GROUP PROJECT) <br /> <br />TO WHOM IT MAY CONCERN: <br /> <br />Notice is hereby given that the City Council of the City of Arden Hills, Minnesota, will meet in <br />the City Council Chambers at the Arden Hills City Hall, in the City of Arden Hills, Minnesota, at <br />7:30 p.m. on Monday, June 28,1999, to consider (i) the proposal of Presbyterian Homes <br />Housing and Assisted Living, Inc., a 501(c)(3) organization (the "Developer") that the City <br />finance the projects hereinafter described, pursuant to Minnesota Statutes, Chapter 462C and <br />Minnesota Statutes, Sections 469.152 to 469.1651, by the issuance of revenue obligations and <br />(ii) the adoption of a housing program with respect to the housing projects described below. <br /> <br />Description of the Project: <br /> <br />The project consists ofthe refinancing, acquisition, construction or renovation by the Developer <br />of housing and/or health care facilities as more particularly described below: <br /> <br />Municipality <br />In which the <br />Development <br />Is located Use of Bond Proceeds <br /> <br />Arden Hills, <br />:MN <br /> <br />Refund outstanding City of <br />Arden Hills, MN Housing <br />and Health Care Facilities <br />Revenue Bonds (The <br />Presbyterian Homes of <br />Minnesota, Inc. Project), <br />Series 1995 and finance <br />the renovation and <br />improvement of the facilities <br />including financing working <br />capital costs and costs of <br />Issuance <br /> <br />Little Canada, Refund outstanding City of <br />:MN Little Canada, Minnesota <br />Housing Facilities Revenue <br />Bonds (The Presbyterian <br />Homes of Minnesota, Inc. <br />Project), Series 1992 <br /> <br />Name of <br />Existing <br />Facilitv <br /> <br />Nature of Facilitv <br /> <br />McKnight <br />Care Center: <br /> <br />208 bed nursing <br />home facility <br />and <br />177 unit assisted <br />living facility and <br />19 unit independent <br />living facility all <br />designed for elderly <br />persons <br /> <br />and <br />Lakeview: <br /> <br />The <br />Mayfield <br /> <br />93 rental unit <br />independent living <br />facility designed <br />for elderly persons <br /> <br />Address <br /> <br />3220 Lake <br />Johanna <br />Boulevard, <br />Arden Hills, <br />:MN <br /> <br />2850 Market <br />Place Drive, <br />Little Canada, <br />:MN <br />