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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

  • July 16, 2025

    MINNESOTA HIGHER 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 Higher Education Facilities Authority (the “Authority”) with respect to a proposal to issue revenue bonds or other obligations on behalf of St. Olaf College (the “College”), a Minnesota nonprofit corporation, as owner and operator of St. Olaf College (the “Institution”), on July 16, 2025, 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 $32,000,000 (the “Obligations”) to refund, on a current refunding basis, the outstanding principal of the Authority’s Series Eight-G Bonds, which include those maturing on and after December 1, 2025 (the “Refunding”) plus interest thereon, to be paid and redeemed in full on December 1, 2025, and pay costs of issue related to the refunding. The proceeds of the Series Eight-G Bonds were used to finance: (i) the refunding of a portion of the outstanding principal of the Authority’s Revenue Bonds, Series Six-O (St. Olaf College), originally issued to finance the acquisition, construction, improvement and equipping of a new Science Building, (ii) the refunding of the Authority’s Variable Rate Demand Revenue Bonds, Series Five-M2 (St. Olaf College) (the “Series Five-M2 Bonds”), originally issued to refinance the City of Northfield, Minnesota, College Facility Revenue Bonds, Series 1992 (St. Olaf College Project), the proceeds of which (A) refunded the City of Northfield, Minnesota, College Facility Revenue Bonds, Series 1988 (St. Olaf College Project), which financed Ytterboe Hall and related equipment, and (B) financed repairs, renovations and improvements to Rand and Thorson Residence Halls, and expansions of the Institution’s water system and parking facilities, (iii) the termination of an interest rate swap agreement relating to the Series Five-M2 Bonds, (iv) various construction and renovation projects to the Institution’s residential facilities and classroom buildings on its main campus, including renovation of Kittelsby Hall, Kildahl Hall, Larson Hall and Mohn Hall, acquisition of residence hall furnishings, fixtures and equipment, construction of a new connection between the Dittman Center and the Hall of Music, and renovation of Holland Hall, and (v) certain costs of issuance of the Series Eight-G Bonds. All the facilities and improvements previously financed or refinanced by the Series Eight-G Bonds are be owned and operated by the College and are located on the Institution’s main campus, the principal street address of which is 1520 St. Olaf Avenue, Northfield, Minnesota, and the boundaries of which are 330th St. W. and Greenvale Ave. W. on the north, Lincoln St. N. on the east, Colvill Memorial Highway on the south, and Eaves Avenue 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 368-706-737# or by video at https://www.gomeet.com/368-706-737 (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 – St. Olaf College, 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 Refunding. Dated: June 27, 2025 By Order of the Minnesota Higher Education Facilities Authority Barry W. Fick Executive Director

  • August 20, 2025

  • September 17, 2025

  • October 15, 2025

  • November 19, 2025

  • December 17, 2025

  • January 21, 2026

  • February 18, 2026

  • March 18, 2026

  • April 15, 2026

  • May 20, 2026

  • June 17, 2026

Past Meetings

  • June 18, 2025

    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 335-250-229# or online through the following link: https://meeting.gomeet.com/335-250-229

  • May 21, 2025

    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 605-344-460# or online through the following link: https://meeting.gomeet.com/605-344-460
    Agenda

  • April 16, 2025

    This meeting has been canceled.

  • March 19, 2025

    This meeting has been canceled.

  • February 19, 2025

    This meeting has been canceled.

  • January 15, 2025

    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 996-048-393# or online through the following link: https://meeting.gomeet.com/996-048-393
    Minutes Agenda