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<br />NOTICE OF PUBLIC HEARING <br />ON A PROPOSAL FOR A COMMERCIAL <br />FACILITIES DEVELOPMENT PROJECT <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 5:00'p.m. on December 26, 1984 <br />to consider the proposal of a Minnesota partnership or <br />corporation to be formed with Health Resources Assistance <br />Corporation as a general partner or stockholder, as the case <br />may be (the "Company"), that the City assist in financing a <br />project hereinafter described by the issuance of industrial <br />development revenue bonds. <br /> <br />Description of Project <br /> <br />The proposed project shall consist of the <br />acquisition of land and the construction <br />thereon of an approximately 7,580 square foot <br />office facility to be located on the west <br />side of Snelling Avenue one-half mile north <br />of Rosedale Shopping Center next to Midway <br />Ford in Roseville, Minnesota to be initially <br />owned and operated by the Company and leased <br />to various parties. <br /> <br />The maximum aggregate estimated principal amount of <br />bonds or other obligations to be issued to finance this project <br />is $900,000. <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 the Company 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 />December 11,1984, from 8:00 a.m. to 4:30 o'clock p.m., Monday <br />through Friday, at the City Hall in Roseville, Minnesota. <br />