The December 20th board meeting has been moved to December 13th at 2:00 pm.
MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY
NOTICE OF SPECIAL MEETING
Pursuant to Article IV, Section 3 of the Bylaws of the Minnesota Higher Education Facilities Authority (the “Authority”), the Authority will hold a special meeting at the call of Chair David D. Rowland on Wednesday December 13, 2023, at 2:00 P.M.
The special meeting will be held in at the Authority’s office, located at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota and will also be conducted by telephone or other electronic means in accordance with Minnesota Statutes, Section 13D.015.
Members of the public may attend the meeting in person or monitor the meeting by telephone by calling toll-free 1-877-978-6969; Access Code 093-056-809# or by video at https://www.gomeet.com/093-056-809 (requires Google Chrome for best performance). Some members of the Authority may participate by telephone or other remote means.
At the special meeting the Authority will consider, among other matters, a request by the University of St. Thomas (the “University”) for approval of an application by the University to reallocate the use of the proceeds of revenue bonds previously issued by the Authority on behalf of the University.
The meeting agenda and certain materials related to the agenda items are posted separately at mnhefa.org.
Dated: December 1, 2023
MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY
NOTICE OF PUBLIC HEARING ON REALLOCATION OF PROCEEDS FROM 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 reallocate the proceeds of certain revenue bonds issued on behalf of the University of St. Thomas (the “University”), as owner and operator of University of St. Thomas, on December 13, 2023, at 2:00 p.m., at the Authority’s office, 860 Blue Gentian Road, Suite 145, Eagan, Minnesota.
Under the proposal, the Authority would reallocate a portion of the proceeds of the previously issued $70,280,000 Revenue Bonds, Series 2022B (University of St. Thomas) (the “Obligations”) to finance a project (the “Project”) now consisting of the acquisition, design, demolition, site preparation, construction, renovation, improvement, furnishing and equipping of various facilities, including (a) (i) renovation of Brady Residence Hall and Dowling Residence Hall and Koch Commons connecting them, (ii) renovation of the Summit Classroom Building to provide start up space for the University’s new nursing program, and (iii) planning and design of a multi-purpose arena and higher-education facilities, including facilities for hockey, basketball, other athletics, and other University operations; (b) other projects that may include portions of the construction of a new academic building known as Schoenecker Center or other permissible capital projects on the University’s Saint Paul campus (the foregoing activities described in clauses (a) through (b), inclusive, collectively, the “Main Campus Projects”); and (c) acquisition and site preparations of an approximately 14-acre tract of land and preliminary design work for softball and baseball fields, and related athletic facilities, in the Highland Bridge redevelopment area in Saint Paul (the “Highland Bridge Project”).
All the facilities and improvements to be financed by the Project are or will be owned and operated by the University and UST HB, LLC, a Minnesota limited liability company, the sole member of which is the University, and except for the Highland Bridge Project, are or will be located on the University’s main campus, the principal street address of which is 2115 Summit Avenue, Saint Paul, Minnesota. As shown on the attached campus map, the University’s Saint Paul campus is bounded on the north by Selby Avenue and Summit Avenue, on the east by Cleveland Avenue South and Cretin Avenue South, on the south by Grand Avenue and Goodrich Avenue, and on the west by Cretin Avenue and Mississippi River Boulevard. The Highland Bridge Project will be located near the intersection of Cleveland and Montreal Avenues in Saint Paul, within the Highland Bridge redevelopment area, approximately 2.5 miles from the University’s Saint Paul campus.
Approximately $56,050,000 of the proceeds of the Obligations will be allocated to the Main Campus Projects, and approximately $14,230,000 of the proceeds of the Obligations will be allocated to the Highland Bridge 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 at the Authority’s offices, or by telephone by calling toll-free 1-877-978-6969; Access Code 093-056-809# or by video at https://www.gomeet.com/093-056-809 (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 – University of St. Thomas, 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 reallocate the proceeds of the Obligations.
Dated: December 1, 2023 By Order of the
Minnesota Higher Education Facilities Authority
Barry W. Fick
Executive Director
Link to St. Thomas map: https://mnhefa.org/wp-content/uploads/2023/12/Picture1.png
