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<br />NOTICE OF PUBLIC HEARING ON <br />THE ISSUANCE OF REVENUE BONDS TO FINANCE . <br />HOUSING AND HEALTH CARE FACILITIES AND <br />A PROPOSED HOUSING PROGRAM <br />(PRESBYTERIAN HOMES HOVSING AND .^.SSISTED LIVING, INC. OBLIGATED GROUP <br />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 <br />Homes 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 Minnesota <br />Statutes, Sections 469.152 to 469.1651, by the issuance of revenue obligations and (ii) the adoption of <br />a housing program with respect to the housing projects described below. <br /> <br />Description of the Project: <br /> <br />The project consists of the refinancing, acquisition, construction or renovation by the Developer <br />of housing and/or health care facilities as more particularly described below: <br />Municipality . <br /> Name of <br />in which the Use of Bond Proceeds Existing Nature of Facility Address <br />Development <br />is located Facility <br />Arden Hills, Refund outstanding City of McKnight 3220 Lake <br />Minnesota Arden Hills, Minnesota Housing Care Center: 208 bed nursing Johanna <br /> and Health Care Facilities home facility Boulevard, <br /> Revenue Bonds (The and and Arden Hills, <br /> Presbyterian Homes of Lakeview: 177 unit assisted Minnesota <br /> Minnesota, Inc. Project), Series living facility and <br /> 1995 and finance the renovation 19 unit independent <br /> and improvement of the facilities living facility all <br /> including financing working designed for elderly <br /> capital costs and costs of issuance persons <br />Little Canada, Refund outstanding City of Little The 93 rental unit 2850 Market <br />Minnesota Canada, Minnesota Housing Mayfield independent living Place Drive, <br /> Facilities Revenue Bonds (The facility designed Little Canada, <br /> Presbyterian Homes of for elderly persons Minnesota <br /> Minnesota, Inc. Project), Series <br /> 1992 . <br /> <br />1047497,RED <br />V2 to VI: OS/24/99 <br />