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 July 19, 2023, at 2:00 P.M.
The special meeting will be held in the Weitz Creativity Center, Room 236, located on 3rd Street and Union Street, on the Carleton College campus, in Northfield, 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 318-870-721# or by video at https://www.gomeet.com/318-870-721 (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 Carleton College (the “College”) for approval of an application by the College for revenue bonds proposed to be issued by the Authority on behalf of the College and for approval of the financing resolution and the series resolution related to such revenue bonds.
The meeting agenda and certain materials related to the agenda items are posted separately at mnhefa.org.
Dated: July 7, 2023
MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY
NOTICE OF PUBLIC HEARING ON 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 Carleton College (the “College”), as owner and operator of Carleton College, at Weitz Creativity Center, Room 236, located on 3rd Street and Union Street, on the Carleton College campus, in Northfield, Minnesota, on Wednesday, July 19, 2023 at 2:00 p.m.
Under the proposal, the Authority would issue its revenue bonds or other obligations in an original principal amount of up to approximately $76,000,000 (the “Bonds”) to finance a project (the “Project”) consisting of the design, construction, improvement, demolition, equipping and furnishing of various facilities on the College's campus, including, but not limited to, (i) eleven (11) student townhomes in two locations with a total of 184 beds (the “Housing Project”) and (ii) an approximately 21,000 square-foot multipurpose Student Health and Counseling Center (the “SHAC Project”).
All the facilities and improvements to be financed by the Project are or will be owned and operated by the College and located on or adjacent to the College’s campus, the principal street address of which is 1 North College Street, Northfield, Minnesota.
It is expected that the amount of proceeds of the Bonds applied to the financing of the Housing Project will be approximately $57,200,000 and the amount of proceeds of the Bonds applied to the financing of the SHAC Project will be approximately $18,800,000.
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 Weitz Creativity Center, Room 236, located on 3rd Street and Union Street, on the Carleton College campus, in Northfield, Minnesota, or by telephone by calling toll-free 1-877-978-6969; Access Code 318-870-721# or by video at https://www.gomeet.com/318-870-721 (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 – Carleton 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 Project.
Dated: July 7, 2023. By Order of the
Minnesota Higher Education Facilities Authority
Barry W. Fick
Executive Director
