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'- tYOTfCE f!F PUaLIC MI~ARING
<br />ON THE ISSUANCE OF
<br />REVENIi?E OBLIGATIONS TO
<br />FINANCE A PRQJj,SGT BY
<br />PHM&S OFFICELDING',
<br />LLC.
<br />Notice is hereby given that the Ciry
<br />Council` of the City of Roseville,
<br />Minnesota, will meet in the Gity Council"
<br />-Chambers at the. Roseville City Hall, in
<br />.the City of Roseville, Minnesota (the
<br />"City"), at 6:00 p.m: on Monday; June
<br />30, 2008, to consider ,giving. host
<br />approval to the issuance by a
<br />Neighboring city (the "Issuer") of
<br />commercial ,facilities ,revenue
<br />obligations, in one or more series under
<br />:Minnesota;. StstuteS, Secttons 489.152
<br />"thrrtugh 46'8.1851 (the "Act"), in'ottler to
<br />finance the cast of a projet:t;focated in
<br />- t[tiiii'City.
<br />' 77~ projeoi bonslst& .of finanang, on
<br />behan;oj .PHM&3 Ofdbe Buildkp, 11;:G
<br />(the ~ to memb8r of ~;
<br />Pree~~lea .HqY~ ~.
<br />corpOr;;tldMj (the ""~orrowef"), e' (I) g
<br />'ootritttuctioh and et~ipplthg of an
<br />approximately 27,110' ; r;r~bare.- foist
<br />addition to the Borrower's, ,corporate
<br />headquarters located at-2845 Hemline
<br />Avenue North (the "Office Facilities") in
<br />the G~ity, artd ~ frq}, , refinanciAg ,..ttttf
<br />remaining outstanding debt , the
<br />proceeds of wryioh :were used by the
<br />E3t>fECN.Afer3A acQ11ir6.0Mit~iffi~ ~S ,
<br />811 of which are located,in the Cary,. The ,,;
<br />Borrower wjll be the "inittat owner and
<br />operator of the Project. ~
<br />The Borrower has proposef,financjng
<br />the Project thro4gh, the tssuer,~Mrittk the
<br />total amount of ttie obffOatiorls to' 6e
<br />issued presently being estimated at nQt
<br />to exceed $5,500;000, `
<br />the notes or other objigations, as and
<br />when lasnod, win rtDY corretffute 'e~
<br />or~te~fur,,a,~,t ~,,:
<br />and the revenues to be derived from the
<br />Project 'and other tinancsd facilities.
<br />Such notes or obligations will not~be a
<br />charge against the general credit or
<br />taxing powers of the City, but .are
<br />payable from sums to be paid by the
<br />Borrower pursuant to a revenue
<br />agreement.
<br />At the time and place ,fixed ,for the
<br />public hearing, the City Council oY the
<br />City will give all persons Lvho appear at
<br />the hearing an opportunity to express
<br />their views with respect to the financing
<br />of'the Project. Written comments will be
<br />consideredrf. submitted at the. above
<br />City. ofnce on or before the :date of the
<br />hearing. .
<br />Datedi June 9, 2008....
<br />BY ORDER OF THE CITY COUNCIL
<br />THE CITY OF ROSEVILLE,
<br />MINNESOTA
<br />By Bill Melirren
<br />.its Wtwprsr
<br />(RosavnM Review: June 10, 2006)
<br />
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