Board Meetings

Upcoming Meetings

• September 9, 2026

  Please note there will be two public hearings at the 9/9/2026 MHEFA Board Meeting. Information on both is shown below: MINNESOTA HEALTH AND EDUCATION FACILITIES AUTHORITY NOTICE OF PUBLIC HEARING ON ISSUANCE OF REVENUE OBLIGATIONS NOTICE IS HEREBY GIVEN that a public hearing will be held by the Minnesota Health and Education Facilities Authority (the “Authority”) with respect to a proposal to issue revenue bonds or other obligations under a plan of financing on behalf of ISF Delano LLC, ISF Marshall LLC, ISF Farmington LLC, ISF Mound LLC, ISF Edina LLC, ISF Brooklyn Park LLC, ISF Carver LLC, ISF East Bethel LLC, ISF Zimmerman LLC, ISF Apple Valley LLC, ISF Minneapolis LLC, and ISF Shakopee LLC, all to-be-formed Minnesota limited liability companies (the “Owners”), the sole member of each of which will be ISF Minnesota Holdings LLC, a to-be-formed Minnesota limited liability company, the sole member of which will be Integrated Senior Foundation, a California nonprofit public benefit corporation (collectively with the Owners, the “Obligated Group”), on September 9, 2026, at 2:00 p.m., at the Authority’s office, 860 Blue Gentian Road, Suite 145, Eagan, Minnesota. Under the proposal, the Authority would issue its revenue bonds or other obligations, in one or more series, in an original principal amount of up to approximately $370,000,000 (the “Obligations”) to (i) finance the acquisition, improvement, renovation, equipping, and furnishing, as applicable, of the following facilities (collectively, the “Facilities”): • approximately $14,235,000 for assisted living facilities located at 1350 St Peter Ave E, Delano, MN, known as Legacy of Delano, consisting of 51 units, to be owned and operated by ISF Delano LLC; • approximately $18,600,000 for assisted living facilities located at 207 North 4th Street, Marshall, MN, known as Heritage Pointe, consisting of 58 units, to be owned and operated by ISF Marshall LLC; • approximately $38,325,000 for assisted living facilities located at 22300 Denmark Ave, Farmington, MN, known as Legacy of Farmington, consisting of 70 units, to be owned and operated by ISF Farmington LLC; • approximately $26,815,000 for assisted living facilities located at 1861 Commerce Blvd, Mound, MN, known as Harrison Bay Senior Living, consisting of 72 units, to be owned and operated by ISF Mound LLC; • approximately $44,655,000 for assisted living facilities located at 7141 York Ave S, Edina, MN, known as Yorkshire of Edina, consisting of 96 units, to be owned and operated by ISF Edina LLC; • approximately $40,570,000 for assisted living facilities located at 5601 94th Ave N, Brooklyn Park, MN, known as Urbana Place Senior Living, consisting of 103 units, to be owned and operated by ISF Brooklyn Park LLC; • approximately $36,130,000 for assisted living facilities located at 920 6th St W, Carver, MN, known as Carver Ridge, consisting of 70 units, to be owned and operated by ISF Carver LLC; • approximately $34,130,000 for assisted living facilities located at 19131 Taylor St NE, East Bethel, MN, known as Cedar Creek Senior Living, consisting of 70 units, to be owned and operated by ISF East Bethel LLC; • approximately $25,050,000 for assisted living facilities located at 26369 2nd St E, Zimmerman, MN, known as Fremont Village Senior Living, consisting of 65 units, to be owned and operated by ISF Zimmerman LLC; • approximately $28,930,000 for assisted living facilities located at 5399 155th St W, Apple Valley, MN, known as Boden Senior Living Apple Valley, consisting of 64 units, to be owned and operated by ISF Apple Valley LLC; • approximately $22,285,000 for assisted living facilities located at 3733 23rd Ave S, Minneapolis, MN, known as Minnehaha Senior Living, consisting of 77 units, to be owned and operated by ISF Minneapolis, LLC; • approximately $40,250,000 for assisted living facilities located at 1880 Independence Dr, Shakopee, MN, known as All Saints Senior Living, consisting of 84 units, to be owned and operated by ISF Shakopee LLC; (ii) fund interest on the Obligations during any renovation and construction of the Facilities, if necessary; (iii) fund one or more reserve funds to secure the timely payment of the Obligations, if necessary; (iv) fund working capital; and (v) pay the costs of issuing the Obligations (collectively, the “Project”). All the Facilities are or will be owned and operated by the Owners, the sole member of each of which will be ISF Minnesota Holdings LLC, a to-be-formed Minnesota limited liability company, the sole member of which will be Integrated Senior Foundation, a California nonprofit public benefit corporation and organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”). The Obligations will all be issued under Minnesota Statutes, Sections 15D.01 through 15D.18, and any tax-exempt Obligations will be “qualified 501(c)(3) bonds” under the Code. The Obligations and the interest thereon will be limited obligations of the Authority. The Obligations and the interest thereon will be payable solely from the revenue pledged to the payment thereof and other forms of security to be provided by or on behalf of the Obligated Group. Notwithstanding the foregoing, no holders of any of the Obligations will ever have the right to compel any exercise of the taxing powers of the State of Minnesota or any political subdivision thereof to pay the Obligations or the interest thereon or to enforce payment against any property of the State of Minnesota or any political subdivision thereof. Members of the public may attend the hearing in person at the Authority’s offices or by telephone or other electronic means, in accordance with Minnesota Statutes, Section 13D.015, by calling toll-free 1-877-978-6969; Access Code 796-778-378# or by video at https://www.gomeet.com/796-778-378 (requires Google Chrome for best performance). Some members of the Authority may participate by telephone or other remote means. Written comments may be sent by regular mail to the attention of the Operations Manager at the offices of the Authority at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota 55121, emailed to [email protected], or sent by facsimile to (651) 297-5751. Anyone requiring an accommodation consistent with the Americans with Disabilities Act should contact the Authority at (651) 296-4690 at least 48 hours in advance of the hearing to arrange for any necessary accommodations. For additional information on such public hearing, see the Notice of Public Hearing – Integrated Senior Foundation, on the Authority’s website: mnhefa.org – Recent News. At said time and place the Authority shall give all parties who appear or have submitted written comments an opportunity to express their views with respect to the proposal to issue Obligations to finance the Project. Dated: August 28, 2026 By Order of the Minnesota Health and Education Facilities Authority Barry W. Fick Executive Director MINNESOTA HEALTH AND EDUCATION FACILITIES AUTHORITY Notice of Public Hearing on Revenue Obligations On behalf of Rogers Memorial Hospital, Inc. Notice is hereby given that a public hearing will be held by the Minnesota Health and Education Facilities Authority (the “Authority”) with respect to the proposal for the Wisconsin Health and Educational Facilities Authority (“WHEFA”) to issue its revenue bonds on behalf of Rogers Memorial Hospital, Inc., a Wisconsin nonstock corporation (the “Borrower”) in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Suite 145, Egan, Minnesota on Wednesday, September 9, 2026, at 2:00 p.m.. Under the proposal, WHEFA would issue its revenue bonds, in one or more series, whether taxable or tax-exempt, in a maximum aggregate original principal amount not to exceed $125,000,000 (the “Bonds”). The Bonds will be issued by WHEFA as qualified 501(c)(3) revenue bonds and the proceeds of the Bonds will be loaned by WHEFA to the Borrower, to provide the Borrower with funds to be used, together with certain other moneys, for (i) the refunding of certain outstanding Bonds previously issued by WHEFA on behalf of the Borrower, (ii) the financing or reimbursing, for various capital projects located in Wisconsin and Minnesota (the “Project”), and (iii) the financing of certain expenses incurred in connection with the issuance of the Bonds. The Project includes the financing or reimbursing the Borrower for the costs of planning, design, acquisition, construction, renovation, improvement, expansion or equipping of various healthcare and related facilities, the land improvement costs of various healthcare and related facilities, and acquiring and installing equipment (including, but not limited to, medical equipment, computer equipment, office equipment and general building equipment and fixtures) used at the Borrower’s hospital and related healthcare and residential health facilities that are owned and operated by the Borrower, or an affiliate thereof, including the facilities to be located at the property on Circle Grove N. just south of 99th Place N., Maple Grove, Minnesota. The estimated principal amount of the Bonds for the Project is not to exceed $40,000,000, with no more than $5,000,000 of the proceeds of the Bonds allocable to the facility located in the State of Minnesota. The Bonds, if issued by WHEFA, will be limited obligations of WHEFA and will not constitute an indebtedness of the State of Wisconsin within the meaning of any Wisconsin constitutional provision or statutory limitation or constitute or give rise to a pecuniary liability of the State of Wisconsin or a charge against its general credit or taxing powers. No holders of the Bonds will ever have the right to compel the exercise of the taxing power of the State of Minnesota or any political subdivision thereof to pay the Bonds or the interest thereon or to enforce payment against any property of the Authority, the State of Minnesota or any political subdivision thereof. This public hearing does not impose any liability, financial or otherwise, on the Authority or the State of Minnesota or any political subdivision thereof or in any way involve the Authority or the State of Minnesota or any political subdivision thereof in the issuance of the Bonds, but is an accommodation by the Authority to satisfy the requirements of Section 147(f) of the Code for the issuance of the Bonds by WHEFA. Members of the public may also attend by telephone or other electronic means in accordance with Minnesota Statutes, Section 13D.015. Members of the public may attend the hearing in person in the lower-level conference room of the Authority’s offices at 860 Blue Gentian Road, Eagan, Minnesota, by video through the link https://meeting.gomeet.com/796-778-378, or by telephone by calling toll-free 1-877-978-6969; Access Code 796-778-378/# or written comments may be sent by regular mail to the attention of the Operations Manager at the offices of the Authority at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota 55121, emailed to [email protected], or sent by facsimile to 651-287-5751. Anyone requiring an accommodation consistent with the Americans with Disabilities Act should contact the Authority at 651-296-4690 at least 48 hours in advance of the hearing to arrange for any necessary accommodations. By Order of the Minnesota Health and Education Facilities Authority Barry W. Fick, Executive Director

• October 14, 2026

• November 11, 2026

  This meeting date will either be rescheduled or canceled if no meeting is required as it is a state holiday.

• December 9, 2026

• January 13, 2027

• February 10, 2027

• March 10, 2027

• April 14, 2027

• May 12, 2027

• June 9, 2027

• August 12, 2026

  MINNESOTA HEALTH AND EDUCATION FACILITIES AUTHORITY Notice of Public Hearing on Revenue Obligations on Behalf of Glenhaven Housing Foundation, Inc. NOTICE IS HEREBY GIVEN that a public hearing will be held by the Minnesota Health and Education Facilities Authority (the “Authority”) with respect to the proposal to issue revenue bonds or other obligations on behalf of GHF MN, LLC, GHF Keystone Bluffs HoldCo, LLC, GHF Keystone Bluffs PropCo, LLC, GHF Keystone Bluffs OpCo, LLC, GHF Keystone Bluffs 2 HoldCo, LLC, GHF Keystone Bluffs 2 PropCo, LLC, GHF Cloquet HoldCo, LLC, GHF Cloquet PropCo, LLC, GHF Cloquet OpCo, LLC, GHF Detroit Lakes HoldCo, LLC, GHF Detroit Lakes PropCo, LLC, GHF Detroit Lakes OpCo, LLC, GHF Grand Rapids HoldCo, LLC, GHF Grand Rapids PropCo, LLC, GHF Grand Rapids OpCo, LLC, GHF Lester Park HoldCo, LLC, GHF Lester Park PropCo, LLC, GHF Lester Park OpCo, LLC, GHF Little Falls HoldCo, LLC, GHF Little Falls PropCo, LLC, GHF Little Falls OpCo, LLC, GHF Mountain Iron HoldCo, LLC, GHF Mountain Iron PropCo, LLC, GHF Mountain Iron OpCo, LLC, GHF Park Rapids HoldCo, LLC, GHF Park Rapids PropCo, LLC, GHF Park Rapids OpCo, LLC, GHF Proctor HoldCo, LLC, GHF Proctor PropCo, LLC, and GHF Proctor OpCo, LLC (collectively, the “Obligated Group”) in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota on Wednesday, August 12, 2026, at 2:00 p.m. Under the proposal, the Authority would issue its revenue bonds or other obligations, in one or more series, whether taxable or tax-exempt, in a maximum aggregate original principal amount not to exceed $102,300,000 (the “Obligations”) to finance the costs to acquire, improve, renovate, furnish, equip, and expand, as applicable, the following facilities: (1) up to $26,920,000 for assisted living facilities located at 2528 Trinity Road, Duluth, MN, to be owned by GHF Keystone Bluffs PropCo, LLC; (2) up to $7,180,000 for assisted living facilities located at 130 West North Road, Cloquet, MN, to be owned by GHF Cloquet PropCo, LLC; (3) up to $6,100,000 for assisted living facilities located at 1558 Randolph Road, Detroit Lakes, MN, to be owned by GHF Detroit Lakes PropCo, LLC; (4) up to $7,400,000 for assisted living facilities located at 949 Southwest 11th Avenue, Grand Rapids, MN, to be owned by GHF Grand Rapids PropCo, LLC; (5) up to $13,240,000 for assisted living facilities located at 6353 East Superior Street, Duluth, MN, to be owned by GHF Lester Park PropCo, LLC; (6) up to $10,380,000 for assisted living facilities located at 1401 5th Avenue NE, Little Falls, MN, to be owned by GHF Little Falls PropCo, LLC; (7) up to $6,870,000 for assisted living facilities located at 8583 Unity Drive, Mountain Iron, MN, to be owned by GHF Mountain Iron PropCo, LLC; (8) up to $11,680,000 for assisted living facilities located at 909 Crocus Hill Street, Park Rapids, MN, to be owned by GHF Park Rapids PropCo, LLC; (9) up to $11,030,000 for assisted living facilities located at 913-923 Old Highway 2, Proctor, MN, to be owned by GHF Proctor PropCo, LLC; and (10) up to $1,500,000 for vacant land located adjacent to 2528 Trinity Road Duluth, MN, to be owned by GHF Keystone Bluffs 2 PropCo, LLC; (together, the “Projects”), to fund debt service reserves, to fund working capital, to fund capitalized interest on the Obligations, and to pay costs of issuance of the Obligations, as permitted by the Code. The sole member, directly or indirectly, of each member of the Obligated Group is Glenhaven Housing Foundation, Inc., a Wyoming non-profit corporation and organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”). The Obligations will all be issued under Minnesota Statutes, Sections 15D.01 through 15D.18, and any tax-exempt Obligations will be “qualified 501(c)(3) bonds” under the Code. The Obligations and the interest thereon will be limited obligations of the Authority. The Obligations and the interest thereon will be payable solely from the revenue pledged to the payment thereof and other forms of security to be provided by or on behalf of the Obligated Group. Notwithstanding the foregoing, no holders of any of the Obligations will ever have the right to compel any exercise of the taxing powers of the State of Minnesota or any political subdivision thereof to pay the Obligations or the interest thereon or to enforce payment against any property of the State of Minnesota or any political subdivision thereof. Members of the public may also attend by telephone or other electronic means in accordance with Minnesota Statutes, Section 13D.015. Members of the public may attend the hearing in person in the lower-level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Eagan, Minnesota, or by telephone by calling toll-free 1-877-978-6969; Access Code 508-269-810# or by video at https://meeting.gomeet.com/508-269-810 (requires Google Chrome for best performance). Some members of the Authority may participate by telephone or other remote means. Written comments may be sent by regular mail to the attention of the Operations Manager at the offices of the Authority at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota 55121, emailed to [email protected], or sent by facsimile to (651) 297-5751. Anyone requiring an accommodation consistent with the Americans with Disabilities Act should contact the Authority at (651) 296-4690 at least 48 hours in advance of the hearing to arrange for any necessary accommodations. For additional information on such public hearing, see the Notice of Public Hearing – Glenhaven Housing Foundation, Inc., on the Authority’s website: mnhefa.org – Recent News. By Order of the Minnesota Health and Education Facilities Authority Barry W. Fick, Executive Director
  Agenda

• July 8, 2026

  This meeting has been cancelled.

• June 17, 2026

  This meeting will be held on the Minneapolis College of Art and Design's campus in the Emeritus Room, located at 2501 Stevens Avenue, Minneapolis, MN 55404. Meeting access is also available through video or phone. General Public may attend in-person at the address above, via call-in number: 1-877-978-6969; Access Code: 951-596-965# or through this link: https://meeting.gomeet.com/951-596-965
  Minutes Agenda

• May 20, 2026

  MINNESOTA HEALTH AND EDUCATION FACILITIES AUTHORITY NOTICE OF PUBLIC HEARING ON ISSUANCE OF REVENUE OBLIGATIONS NOTICE IS HEREBY GIVEN that a public hearing will be held by the Minnesota Health and Education Facilities Authority (the “Authority”) with respect to a proposal to issue revenue bonds or other obligations on behalf of Bethel University (the “University”), a Minnesota nonprofit corporation, as owner and operator of Bethel University (the “Institution”), on May 20, 2026, at 2:00 p.m., at the Authority’s office, 860 Blue Gentian Road, Suite 145, Eagan, Minnesota. Under the proposal, the Authority would issue its revenue bonds or other obligations in an original principal amount of up to approximately $27,500,000 (the “Obligations”) to (i) finance the acquisition, design, site preparation, construction, renovation, equipping, and furnishing of (a) three existing residence halls known as Getsch Hall, Bodien Hall, and Edgren Hall, and (b) other permissible capital projects (collectively, the “Facilities”); (ii) fund interest on the Obligations during the renovation and construction of the Facilities, if necessary; (iii) fund one or more reserve funds to secure the timely payment of the Obligations, if necessary; and (iv) pay the costs of issuing the Obligations (collectively, the “Project”). All the facilities and improvements to be financed by the Project are or will be owned and operated by the University and are or will be located on the Institution’s main campus, the principal street address of which is 3900 Bethel Drive, Arden Hills, Minnesota, and the boundaries of which are Minnesota State Highway 10 and Interstate Highway 694 on the north, Minnesota State Highway 51 on the east, the Soo Line railway line on the south, and County State-Aid Highway 76 on the west. Members of the public may attend the hearing in person at the Authority’s offices or by telephone or other electronic means, in accordance with Minnesota Statutes, Section 13D.015, by calling toll-free 1-877-978-6969; Access Code 976-445-101#or by video at https://www.gomeet.com/976-445-101 (requires Google Chrome for best performance). Some members of the Authority may participate by telephone or other remote means. Written comments may be sent by regular mail to the attention of the Operations Manager at the offices of the Authority at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota 55121, emailed to [email protected], or sent by facsimile to (651) 297-5751.  Anyone requiring an accommodation consistent with the Americans with Disabilities Act should contact the Authority at (651) 296-4690 at least 48 hours in advance of the hearing to arrange for any necessary accommodations. For additional information on such public hearing, see the Notice of Public Hearing – Bethel University, on the Authority’s website:  mnhefa.org – Recent News. At said time and place the Authority shall give all parties who appear or have submitted written comments an opportunity to express their views with respect to the proposal to undertake and finance the Project. Dated:  May 8, 2026                           By Order of the Minnesota Health and Education Facilities Authority Barry W. Fick Executive Director
  Minutes Agenda

• April 22, 2026

  This meeting has been moved from 2:00 pm on April 15, 2026 to 2:00 pm on April 22, 2026 NOTICE OF PUBLIC HEARING CONCERNING THE ISSUANCE OF BONDS BY THE PUBLIC FINANCE AUTHORITY AND A PLAN OF FINANCE FOR KINGSPATH SENIOR MINISTRIES INC. NOTICE IS HEREBY GIVEN that the Minnesota Health and Education Facilities Authority (the “Authority”), will conduct a public hearing at 2:00 p.m. on Wednesday, April 22, 2026, in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota, at which time any person may be heard regarding the proposed plan of financing for the Bonds and the Project described below. The Authority will consider the approval, for purposes of Section 147(f) of the Internal Revenue Code of 1986, of the issuance of certain revenue bonds, in an aggregate principal amount not to exceed $165,000,000 (the "Bonds"), pursuant to Section 66.0304 of the Wisconsin Statutes, as amended, by the Public Finance Authority (“PFA”), a commission organized under and pursuant to the provisions of Sections 66.0301, 66.0303 and 66.0304 of the Wisconsin Statutes, as amended. The Bonds may be issued in one or more series as either tax-exempt or taxable obligations. The Bonds will be special limited obligations of PFA payable solely from the loan payments to be made by KingsPath Senior Ministries Inc., a Minnesota nonprofit corporation, or a to-be-formed affiliate thereof (the “Borrower”), to PFA, and certain funds and accounts established by a trust indenture and loan agreement related to the Bonds. Proceeds of the Bonds will be used by the Borrower for a plan of finance and refinance comprised of the following purposes: (a) acquisition of facilities which provide assisted living services for seniors in Minnesota, Ohio and Pennsylvania, including but not limited to the assisted living facilities located at 19351 Indiana Avenue, Lakeville, Minnesota 55044 and 111 and 113 East Avenue, Mahtomedi, Minnesota 55115; and (b) paying the costs of issuance of the Bonds (collectively, the “Project”). This notice is intended to comply with the public notice requirements of Section 147(f) of the Internal Revenue Code of 1986. All interested parties are invited to attend and present comments at the public hearing regarding the plan of finance, the issuance of the Bonds and the Project. Members of the public may also attend by telephone or other electronic means in accordance with Minnesota Statutes, Section 13D.015. Members of the public may attend the hearing in person in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Eagan, Minnesota, or by telephone by calling toll-free 1-877-978-6969; Access Code 205-584-062# or by video at https://www.gomeet.com/205-584-062 (requires Google Chrome for best performance). Some members of the Authority may participate by telephone or other remote means. Written comments may be sent by regular mail to the attention of the Operations Manager at the offices of the Authority at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota 55121, emailed to [email protected], or sent by facsimile to (651) 297-5751. Anyone requiring an accommodation consistent with the Americans with Disabilities Act should contact the Authority at (651) 296-4690 at least 48 hours in advance of the hearing to arrange for any necessary accommodations. For additional information on such public hearing, see the Notice of Public Hearing – KingsPath Senior Ministries Inc., on the Authority’s website: mnhefa.org – Recent News. By Order of the Minnesota Health and Education Facilities Authority Barry W. Fick, Executive Director. Dated: April 14, 2026.
  Minutes Agenda

• March 18, 2026

  MINNESOTA HEALTH AND EDUCATION FACILITIES AUTHORITY Notice of Public Hearing on Revenue Obligations on Behalf of KingsPath Target Housing of Minnesota, LLC NOTICE IS HEREBY GIVEN that a public hearing will be held by the Minnesota Health and Education Facilities Authority (the “Authority”) with respect to the proposal to issue revenue bonds or other obligations on behalf of KingsPath Target Housing of Minnesota, LLC, Target Properties of Brooklyn Park, LLC, Target Properties of Burnsville, LLC, Target Properties of Crystal, LLC, Target Properties of Lakeville, LLC, Target Properties of Maple Grove, LLC, Target Properties of Ramsey, LLC, and Target Properties of West St. Paul, LLC (collectively, the “Obligated Group”) in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota on Wednesday, March 18, 2026, at 2:00 p.m. Under the proposal, the Authority would issue its revenue bonds or other obligations, in one or more series, whether taxable or tax-exempt, in a maximum aggregate original principal amount not to exceed $140,000,000 (the “Obligations”) to finance the costs to acquire the following facilities: (1) up to $20,000,000 for assisted living facilities located at 8500 Regent Avenue North, Brooklyn Park, Hennepin County, Minnesota 55443, to be owned by Target Properties of Brooklyn Park, LLC; (2) up to $20,000,000 for assisted living facilities located at 1880 East 134th Street East, Burnsville, Dakota County, Minnesota 55337 to be owned by Target Properties of Burnsville, LLC; (3) up to $20,000,000 for assisted living facilities located at 3501 Douglas Drive North, Crystal, Minnesota 55422 to be owned by Target Properties of Crystal, LLC; (4) up to $20,000,000 for assisted living facilities located at 20949 Keokuk Avenue, Lakeville, Minnesota 55044 to be owned by Target Properties of Lakeville, LLC; (5) up to $20,000,000 for assisted living facilities located at 7010 Alvarado Ln. N., Maple Grove, Hennepin County, Minnesota 55311 to be owned by Target Properties of Maple Grove, LLC; (6) up to $20,000,000 for assisted living facilities located at 7007 139th Ln., Ramsey, Anoka County, Minnesota 55303 to be owned by Target Properties of Ramsey, LLC; and (7) up to $20,000,000 for assisted living facilities located at 938 S. Robert St., West Saint Paul, Dakota County, Minnesota 55118 to be owned by Target Properties of West St. Paul, LLC (together, the “Projects”). The sole member, directly or indirectly, of each member of the Obligated Group is KingsPath Senior Ministries Inc., a Minnesota nonprofit corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”). The Obligations will all be issued under Minnesota Statutes, Sections, 15D.01 through 15D.18, and will be “qualified 501(c)(3) bonds” under the Code. The Obligations and the interest thereon will be limited obligations of the Authority. The Obligations and the interest thereon will be payable solely from the revenue pledged to the payment thereof and other forms of security to be provided by or on behalf of the Obligated Group. Notwithstanding the foregoing, no holders of any of the Obligations will ever have the right to compel any exercise of the taxing powers of the State of Minnesota or any political subdivision thereof to pay the Obligations or the interest thereon or to enforce payment against any property of the State of Minnesota or any political subdivision thereof. Members of the public may also attend by telephone or other electronic means in accordance with Minnesota Statutes, Section 13D.015. Members of the public may attend the hearing in person in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Eagan, Minnesota, or by telephone by calling toll-free 1-877-978-6969; Access Code 867-271-940# or by video at https://www.gomeet.com/867-271-940 (requires Google Chrome for best performance). Some members of the Authority may participate by telephone or other remote means. Written comments may be sent by regular mail to the attention of the Operations Manager at the offices of the Authority at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota 55121, emailed to [email protected], or sent by facsimile to (651) 297-5751. Anyone requiring an accommodation consistent with the Americans with Disabilities Act should contact the Authority at (651) 296-4690 at least 48 hours in advance of the hearing to arrange for any necessary accommodations. For additional information on such public hearing, see the Notice of Public Hearing – KingsPath Target Housing of Minnesota, LLC, on the Authority’s website: mnhefa.org – Recent News. By Order of the Minnesota Health and Education Facilities Authority Barry W. Fick, Executive Director
  Minutes Agenda

• 1
• 2
• 3
• …
• 16
• Next