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2006_0918_Packet
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2006_0918_Packet
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ATTACHMENT A <br />Notice of Public Hearing <br />NOTICE OF PUBLIC HEARING ON THE PROPOSED ISSUANCE OF BONDS BY THE <br />COLORADO HEALTH FACILITIES AUTHORITY TO REFINANCE PROJECTS OF THE <br />EVANGELICAL LUTHERAN GOOD SAMARITAN SOCIETY, A NORTH DAKOTA <br />NONPROFIT CORPORATION, PREVIOUSLY FINANCED UNDER THE MINNESOTA <br />AGRICULTURAL AND ECONOMIC DEVELOPMENT BOARD ACT <br />CITY OF ROSEVILLE <br />NOTICE IS HEREBY GIVEN that the City Council of the City of Roseville, Minnesota <br />(the "City"), shall meet on October 9, 2006 at 6:�� p.m., at Roseville City Hall, 2660 Civic <br />Center Drive, Roseville, Minnesota, for the purpose of conducting a public hearing on a proposed <br />issue of one or more series of bonds by the Colorado Health Facilities Authority (the "CoHFA <br />Bonds") to refinance projects on behalf of The Evangelical Lutheran Good Samaritan Society, a <br />North Dakota nonprofit corporation (the "Applicant"). Such persons as desires to be heard with <br />reference to said issue of bonds will be heard at this public hearing. <br />The projects whose debt is to be refinanced, and the approximate principal amount of the <br />refinancing attributable to the projects includes approximately $2,300,000 for the Roseville Good <br />Samaritan Center, 1415 W. County Road B, Roseville, Minnesota (the "Project"). <br />The Applicant is the initial owner of the Project, and the Project will be owned, operated <br />and managed by the Applicant. It is contemplated that the Project will continue to be used as a <br />nursing home, senior housing, assisted living or related facility. The total estimated amount of <br />the CoHFA Bonds attributable to the Project is approximately $2,300,000. The CoHFA Bonds <br />and the interest thereon shall be payable solely from the revenue pledged to the payment thereof, <br />and no holders of any such bonds shall ever have the right to compel any exercise of the taxing <br />powers of the State of Minnesota or any political subdivision thereof, including the City, to pay <br />the CoHFA Bonds or the interest thereon nor to enforce payment against any property of said <br />State or said political subdivision. <br />This Notice of Public Hearing is being given pursuant to Section 147(f} of the Internal <br />Revenue Code of 1986, as amended (the "Code"). <br />A copy of the City's resolution regarding the City's "approval", as such term is used in <br />� 1�'��f] of the Code, of the CoHFA Bonds is available for public inspection at the offices of the <br />City at 2660 Civic Center Drive, Roseville, Minnesota from the date of this notice to the date of <br />the public hearing hereinabove identified, during normal business hours. <br />All persons interested may appear and be heard at the time and place set forth above, or <br />may file written comments with the City Manager prior to the date of the hearing set forth above. <br />3��3���.� <br />
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