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EXHIBIT "A" <br />NOTICE OF PUBLIC HEARING <br />CITY OF GEM LAKE, RAMSEY COUNTY; MINNESOTA <br />PUBLIC..NOTIC.K <br />NOTICE OF.P.UBLIC HEARING ON ISSUANCE OF REVENUL" BONDS. To <br />.FINANCE TH.E ACQUISITION, CONSTRUCTION AND EQUIPPING OF A <br />MULTIFAMILYSENIOR 14OUS..ING DEVELOPMENT UNDERM.I.NNESOTA <br />:S'1'ATUTP, CHAPTER. 462C <br />NOTICE.I:S r4EREBY GIVEN tGhafihe:Gein Lake City Council (the `SCouricil") will hold a:.public hearing on <br />Monday. April 1.$, 2002,.at 7 bO+p:m, in:the first floor meeting room ofTousley Ford Located at 1493 East County Read <br />E in Gem :bake, Minnesota, to: consider the issuance istrevenue bonds under Minnesota Statutes. Chapter 462.C, as <br />amended (tlie "Act") the proceeds of whiclt will, be loaned by the City to tlie.13orrow e.r to be -op plied lty the. Borrower <br />(defined below) to finance the acquisition, construction, and. equipping. of a ninety4our (94) unit'senior independent <br />living multifarnil.y.rental housing development known as. "The Boulders" (the "Project" ), to be located at 3555 Willow <br />Avenue.in the City of White Bear Lake; Mirnesota and related costs. The Project xviil be owned by Boulder Senior <br />Living, LLC:, a,Minneso.ta limited liability company (the "Borrower") the sole member of which is Wedum Foundation, <br />a Minnesota nonprofit corporation (the "Foundation")'or a related or successor entity. <br />At -the public hearing, the Council will consider adoption of a resolution giving preliminary approval to the <br />issuance of revenue bonds1d finance the .Project: Tlie.aggreegate face .ambunt of revenue bonds proposed to be issued <br />to finance the .Project is presently estimated not to exceed S 10,000,000. The revenue bonds will be issued by the City <br />of Gem I ake (the "City") and will be limited obligations.of the City payable solely from the .revenues. pledged to the <br />payinont thereof, and. will not lie a general or moral obligation of the City or be secured by the full faith and credit or <br />taxing Bowers of the .City: <br />Ail persons interested may appear and be heard- at1he.time and place set forth abovebr may- file, written <br />cumnients.with the City Clerk priorto the date of the hearing set: forth above. <br />Published in the. White Bear Press on 27 March 2002 <br />For The City. of Gem Lake, Ramsey County; Minnesota <br />..W Frederic C. Magnuso6, City Clerk <br />eGle: L,eg JU>mss12002;!v�ticet1207..�ypJ <br />=$- <br />