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<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 ofthe 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) tbe proposal of Presbyterian Homes <br />Housing and Assisted Living, Inc., a 50l(c)(3) organization (the "Developer") that the City <br />finance the projects hereinafter dcscribed, 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 of the 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 Name of <br />- Development Existing <br />Is located Use of Bond Proceeds Facilitv Nature of Facilitv Address <br /> Arden Hills, Refund outstanding City of McKnight 3220 Lake <br /> MN Arden Hills, MN 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 MN <br /> Minnesota, Inc. Project), living facility and <br /> Series 1995 and finance 19 unit independent <br /> the renovation and living facility all <br /> improvement of the facilities designed for elderly <br /> including financing working persons <br /> capital costs and costs of <br /> Issuance <br /> Little Canada, Refund outstanding City of The 93 rental unit 2850 Market <br /> MN Little Canada, Minnesota Mayfield independent living Place Drive, <br /> Housing Facilities Revenue facility designed Little Canada, <br /> Bonds (The Presbyterian for elderly persons MN <br /> Homes of Minnesota, Inc. <br /> Project), Series 1992 <br />. <br />