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PUBIIC NOTICF; NOT[GE OF PUBLIC HEARING O\i THE :$S UA,ttiCE OF RE�'�,,�UE BONDS UNDER MIN�v'FSOTA STATL'T�,S, S�(,.'ITON$ 469.152 THROUGH 469165 1. aS A1�IENDED. ON BEHAI.� OF R05e�.11� Cj�`Y OF RoseViIle. ?�'�'�'ESO?� vOTICE IS HEREBY GJVEN that the City Co � �i,l� o,�the City of Rose�i}ie. MinneSota (the "Ciry"�. �+ill meet on Monday. January 24. ?Op0 a��38 p.xtL at the City Hall. 2660 Civic Center Drive. in �toseville, Minnesota for the putposc of conducring a public hearing on a proposal tbat thc City approve and authorize the iasnance by the i"iry of Brainerci of its revenue notes ��e "Notes'�, in one or more senes under thc Minnesrna Municipal IndusuiaJ DE�elopment Act . Minnesota Statutes. Sections dC9152 through 469165. a�- anended (ti�� "�1ci'`, in ordsr �o finan� p alI or a portion of the costs of computer equipment, motor �Khicles, and zed2 propet[y irnpro�emeiu; (the "`Project") to be owned by Lutheran Secia} Service uf Mir►nesoLa, a nonprofit organi7.a,tion (the 'Bo�xOwet"}. a portion of which will be located in t#�e C:1y at 2250 VjCtOnd Street North. �1�1- RoseYille. MN SSI13. and will be financ;,d witi; $Z0,7U�.Q4 of the proceeds of the Notes. T'ne maximu�m 2�[egal.e principal amount of the proposed bor d ta�u� u$1,8Q0,()00. The Notes w111 be special. limited vb�igat�ons of th� Ciry of 8rainerd and the I�oces ana i�ttercSt thete0rl will be payable solely from thC reti enues 2nd a5sets pledged to the payment thereof. No notes or other obligazions w�31 be issued by the City. jJc� holder of any Notes will ever h3ve the right t� compel any exet�cise of the taxing power of the Ci�y to pay the Notes or the ince�5t thereon. nor to enforte paymer�t against any properiy of titc City ex��gK monev pa,vab�c by rhe Borrawcr to the City 3nd pledged to the pavment of the Notes. Befoc� issuing the Notes. the Ciry of Braincrci will eater into an agreement �%ith the Borr�wer. whereby the Borrower wiJl be ohli�,�ied to ��.ti� payraents at l�ast sufficieni at all rimes to pay the Frincigai of and interest on the Notes when due. AU perSOnS interested tnap appear and be hearc� at the time and place S�t forth ab0�� or nay file wnt(� comments �ith the City Clerk yrior to the date vf the `nearing set fvrth above. Dated: ��te of �btiea3i�ar.,1 CITY OF RoSez�tle, �liVNE$OTA 18A-d 50lEO'd 08Z-1 OlEB1EE+ p��ybg �,tQ3�,y�_wo�� lE�t� 6S-6Z-Zi .-., •� ��. r-T nn .-, i ipr _. �. _7Tq7 XF-i �,je-;�1;�I��6� S! C�)�I 1:=!�