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Board Meetings

The Authority’s policy is to encourage attendance at Board meetings in person. Consistent with Minnesota law, members may participate by telephone. Attendance and participation in Authority meetings is governed by Minnesota Statutes, Section 13D.015.

The Authority has approved the schedule listed below for the current fiscal year. Meetings are usually held at 2:00 p.m. on the third Wednesday of every month in the Authority’s office. Meeting dates, locations and times may change, please call the Authority’s office to verify a meeting time and location and to obtain information on monitoring from a remote site.

Individuals may request reasonable accommodation or modifications in order to participate in Authority programs by contacting the Authority at least 24 hours in advance of the event.

Minutes of an Authority meeting are reviewed and approved by the Authority at the next meeting.

Upcoming Meetings

  • March 12, 2026

    This meeting will be held from 11:30-12:00 pm on March 12th. This meeting has been scheduled as an informational meeting regarding updates on the Target Housing Healthcare financing. The general public may attend this open meeting through this link: https://meeting.gomeet.com/671-051-068 or by Dial-In Number: 18779786969, using PIN: 671-051-068#

  • March 18, 2026

  • April 15, 2026

  • May 20, 2026

  • June 17, 2026

Past Meetings

  • February 18, 2026

    This meeting has been canceled

  • January 21, 2026

    This meeting will be held in the lower-level conference room at the Authority's office at 860 Blue Gentian Road, Eagan, MN 55121. The meeting is also accessible via telephone 1-877-978-6969 PIN 988-945-745# or online through the following link: https://meeting.gomeet.com/988-945-745 (please use Google Chrome for best performance).
    Agenda

  • January 14, 2026

    The Minnesota Health and Education Facilities Authority will hold a special meeting of the Authority Board on Wednesday, January 14, 2026 at 10:00 am to discuss its upcoming financing with Target Holdings. This meeting is open to the public, and may be attended in-person at the Authority’s office at 860 Blue Gentian Road, Suite 145, Eagan, MN 55121. The meeting is also available online at https://meeting.gomeet.com/908-604-468 (use Google Chrome for best performance) or by telephone at 1-877-978-6969, using PIN: 908-604-468#

  • January 7, 2026

    The Minnesota Health and Education Facilities Authority will hold a special meeting of the Authority Board on Wednesday, January 7, 2026 from 12:30 - 1:30 pm to tour one of the seven locations included in its upcoming financing with Target Holdings. This tour is open to the public and will take place at Suite Living of West St. Paul located at 938 S Robert Street, West St. Paul, MN 55118.

  • December 17, 2025

    Minnesota Health and Education Facilities Authority (MHEFA) Notice of Public Hearing on the Issuance of Revenue Obligations of Behalf of Macalester College 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 (the “Obligations”) on behalf of Macalester College, a Minnesota nonprofit corporation (the “College”), as owner and operator of Macalester College, in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota, 55121, on Wednesday, December 17, 2025, at or after 2:00 p.m. Under the proposal, the Authority would issue its Obligations in an approximate maximum principal amount of $70,000,000 to finance a project (the “Project”) consisting of (a) the refunding of the Authority’s outstanding Revenue Bonds, Series Eight-J (Macalester College) (the “Series Eight-J Bonds”), dated October 1, 2015, which were issued in the original aggregate principal amount of $22,660,000; and (b) the construction of a new mixed-use campus building including demolition of existing facilities and parking lot and construction of a welcome center, offices, student residences, a café, geothermal wells, rooftop solar, and parking lot; a Core System Modernization project from Banner to Workday and PowerFAIDS; and construction and renovation of other capital projects on the College’s campus. The Series Eight-J Bonds were issued by the Authority (formerly the Minnesota Higher Education Facilities Authority) to (a) finance the acquisition, construction, renovation, remodeling, furnishing, and equipping of various buildings and facilities of the College, including the stadium, roof replacement for the Science Building, replacement of windows for Old Main, Carnegie Hall, and Lampert Building, demolition and construction of two language-themed houses, and replacement of the indoor running track and football field turf; and (b) advance refund a portion of the Authority’s Revenue Bonds, Series Six-P (Macalester College) (the “Series Six-P Bonds”), dated as of March 1, 2007, which were issued in the original aggregate principal amount of $39,490,000. The Series Six-P Bonds were issued to (a) finance the acquisition, construction and equipping of a new athletic complex including a field house, gymnasium, pool, exercise areas, locker rooms and athletic department administrative offices, constituting, approximately 178,000 square feet, together with other improvements including new or relocated athletic fields related to or necessitated by the development of the athletic complex; and (b) refund (i) the Authority’s outstanding Revenue Bonds, Series Four-U1 (Macalester College), dated as of July 1, 1998, which were issued in the original principal amount of $7,145,000 to finance the acquisition, construction and equipping of the Ruth Stricker Dayton Campus Center including related site improvements, and (ii) the Authority’s outstanding Revenue Bonds, Series Four-U2 (Macalester College), dated as of July 1, 1998, which were issued in the original principal amount of $15,200,000 to refund the Authority’s Revenue Bonds, Series Three-J (Macalester College), dated as of June 1, 1992, originally issued to finance the acquisition, construction, renovation, remodeling, furnishing and equipping of various buildings and facilities, including gymnasium facilities, the student union, the natatorium, track and field facilities, the humanities wing of the Fine Arts Center, Old Main, and installation of a telecommunications network and a keyless identification system. The portion of the Series Six-P Bonds not refunded by the Series Eight-J Bonds was refunded by the Authority’s Revenue and Refunding Bonds, Series 2017 (Macalester College), dated November 8, 2017. All of the facilities and improvements to be financed or refinanced as part of the Project are or will be owned and operated by the College and located on the College’s campus, the principal street address of which is 1600 Grand Avenue, Saint Paul, Minnesota 55105. The Obligations will be issued in accordance with Minnesota Statutes, Chapter 15D, as amended, and will be “qualified 501(c)(3) bonds” within the meaning of Section 145 of the Internal Revenue Code of 1986, as amended. 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, Suite 145, Eagan, Minnesota 55121 or by telephone by calling toll-free 1-877-978-6969; Access Code 171-031-034# or by video at https://www.gomeet.com/171-031-034 (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 – Macalester College, on the Authority’s website: mnhefa.org – Recent News. Dated: December 10, 2025 BY ORDER OF THE MINNESOTA HEALTH AND EDUCATION FACILITIES AUTHORITY /s/ Barry W. Fick Executive Director Minnesota Health and Education Facilities Authority
    Minutes Agenda

  • December 9, 2025

    The Minnesota Health and Education Facilities Authority will hold a special meeting of the Authority Board on Tuesday, December 9, 2025 at 10:00 am to discuss its upcoming financing with Target Holdings. This meeting is open to the public, and may be attended in-person at the Authority's office at 860 Blue Gentian Road, Suite 145, Eagan, MN 55121. The meeting is also available online at https://meeting.gomeet.com/787-387-718 (use Google Chrome for best performance) or by telephone at 1-877-978-6969, using PIN: 787-387-718#
    Minutes