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2014_1027_CCpacket
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2014_1027_CCpacket
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EXHIBIT A <br />NOTICE OF PUBLIC HEARING <br />ON A PROPOSAL FOR THE ISSUANCE OF <br />EDUCATIONAL FACILITIES REVENUE NOTES FOR THE <br />HIAWATHA ACADEMIES PROJECT <br />Notice is hereby given that the City Council of the City of Roseville, Minnesota (the <br />“City”) will meet at the City Hall located at 2660 Civic Center Drive, Roseville, Minnesota, at <br />6:00 p.m. on Monday, December 1, 2014, to consider the proposal of Charter Schools <br />Development Corporation, a District of Columba nonprofit corporation and having federal <br />income tax-exempt 501(c)(3) status (the “Borrower”), that the City assist in financing a project <br />hereinafter described pursuant to Minnesota Statutes, Sections 469.152 to 469.1655, by the <br />issuance of revenue notes, in one or more series (the “Notes”). <br />The “Project” consists of financing the acquisition, construction and equipping of a <br />charter school facility located at the southeast corner of Hiawatha Academies’ Northrop Campus <br />th <br />located at 1611 East 46th Street, Minneapolis, Minnesota, near the intersection of 17 Avenue <br />th <br />East and 47 Street South, including an approximately 38,000 square foot two-story middle <br />school building containing approximately 19 classrooms, a gymnasium, auditorium, a cafeteria, <br />conference and break-out rooms, and administrative space, and site upgrades, including <br />approximately 36 parking spaces, a loading area, and landscaping. The Project will be owned by <br />the Borrower and leased to and operated by Hiawatha Academies, a Minnesota non-profit <br />corporation having federal income tax-exempt 501(c)(3) status as a public (charter) school. <br />The maximum estimated principal amount of the Notes to be issued to finance the Project <br />is $6,600,000. <br />The Notes if and when issued will not constitute a charge, lien or encumbrance upon any <br />property of the City, except the Project, and such obligations will not be a charge against the <br />general credit or taxing powers of the City but will be payable from sums to be paid by the <br />Borrower pursuant to a revenue agreement. <br />A draft copy of the proposed application to the Minnesota Department of Employment <br />and Economic Development for approval of the Project, together with all attachments and <br />exhibits thereto, is available for public inspection, during normal business hours, Monday <br />through Friday, in the office of the Manager, in the City Hall. <br />At the time and place fixed for the Public Hearing, the City Council will give all persons <br />who appear at the hearing an opportunity to express their views with respect to the proposal. <br />Written comments will be considered if submitted at the above City office on or before the date <br />of the hearing. <br /> A-1 <br />6640120v1 <br />
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