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2008_0211_packet
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2008_0211_packet
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98 Exhibit A <br />99 NOTICE OF PUBLIC HEARING <br />100 ON A PROPOSAL FOR A PRIVATE SCHOOL <br />101 FACILITIES DEVELOPMENT PROJECT <br />102 <br />103 Notice is hereby given that the City Council of the City of Roseville, Mumesota (the "Cityll)n <br />104, Nvill meet at the Council Chambers of City Hall, 2660 Civic Center Drive, 'in the City at 6:00 <br />105 p.m, on Monday, March. 3, 2008, to consider the proposal of Concordia Acaderny Association of <br />106 Schools,, doing business as Concordia Academy, a Miluiesota nonprofit corporation (the <br />107' "Borrowler"), that the City assist st the long. - tern financing of (1), debt related to the renovation and <br />108 equipping of, and construction of additions to., a high school Imown. as Concordia Acaden'iy, <br />109 lowned and operated bye the Borrower and located at 2400 North Dale Street in the City, (I*i) <br />110 acquisition f"' the facility -formerly known as Lutheran High School located at 8201 Park Avenue <br />III in Bloomington, Minnesota, and (1`11) renovations to, the Bloomington facility (collectively, the <br />11.2 "'Project"'), through the issuance of revenue bonds, the proceeds of which will be loaned to the <br />113 Borrower to pay or refinance (bye prepaying existing debt incurred. by the Borrower to pay) a <br />114 portion of the costs of the Project. <br />115' The maximum aggregate estimated principal aniount of boaids or other obligations to be issued <br />116 to finanic,e or refinance the Project is $7,000,000. <br />117 The bonds or other obligations if and when issued will not constitute a charge, lien or <br />118 encumbrance upon any property of the City and such bonds or obligations will not be a charge <br />119 against the City's general credit or taxing powers but will be payable from sums to be paid by the <br />, <br />12,0 Borrower pursuant to a revenue agreement. <br />121 A draft copy of the proposed application to the Commissioner of the Department of <br />122 Employment and Economic Development, State of Minnesota,, f`d►r approval of the projects, <br />123, together, with all attachments and exhibits thereto, is available for public inspection from 8:00 <br />124 a.m., to 4:30, p.m., Monday through Friday, at the City Hall in the City. <br />125 Comments conceming these applications may be presented at the public hearing or filed with <br />126 the City Manager until 4:30 p.n . on the day of the hearing. Each response will be considered <br />127 before any formal action is taken by the City Council. If there are questions concerning these <br />128 applications call the City Finance Director at (651), 792-70100. <br />129 Dated this 1,1 th day of February, 2008. <br />130 City of Roseville <br />131 By /s/ William J. Malinen <br />132 City Manager <br />133 <br />134 <br />135 <br />2,13,208,5v I <br />
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