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<br />NOTICE OF PUBLIC HEARING <br /> <br />NURSING HOME REVENUE BONDS <br />CITY OF ROSEVILLE, MINNESOTA <br /> <br />Notice is hereby given that the City Council of the <br />City of Roseville, Minnesota will meet at the City Hall in the <br />City of Roseville, Minnesota at 7:30 o'clock p.m. on May 7, <br />1984, to consider the proposal of Unicare Homes, Inc., that the <br />City assist in financing a project hereinafter described by the <br />issuance of bonds pursuant to Minnesota Statutes, Chapter 474. <br /> <br />The proposed project shall consist of the acquisition <br />and renovation of the existing 85 bed Rose of Sharon Nursing <br />Home facilities, located at 1000 Lovell Avenue within the City <br />of Roseville, Minnesota, to be initially owned and operated by <br />Unicare Homes, Inc., a Delaware corporation. <br /> <br />The maximum aggregate estimated principal amount of <br />bonds or other obligations to be issued to finance this project <br />is $2,845,000. The project will be initially owned and <br />operated by Unicare Homes, Inc. <br /> <br />The bonds or other obligations if and when issued <br />will not constitute a charge, lien or encumbrance upon any <br />property of the City except the project and such bonds or <br />obligations will not be a charge against the City's general <br />credit or taxing powers but will be payable from sums to be <br />paid by Unicare Homes, Inc. pursuant to a revenue agreement. <br /> <br />A draft copy of the proposed application to the <br />Energy and Economic Development Authority, State of Minnesota, <br />for approval of the project, together with all attachments and <br />exhibits thereto, is available for public inspection beginning <br />April 10, 1984, from8:00 o'clock a.m. to 4:30 o'clock p.m., <br />Monday through Friday:-at the City Hall in Roseville, <br />Minnesota. <br /> <br />At the time and place fixed for the Public Hearing, <br />the City Council of the City of Roseville will give all persons <br />who appear at the hearing an opportunity to express their views <br />with respect to the proposal. <br /> <br />Dated this 9th day of April, 1984. <br /> <br />(BY ORDER OF THE CITY COUNCIL) <br /> <br />By/s/ James Andre <br />City Manager <br />