NOTICE OF PUBLIC HEARING CONCERNING THE ISSUANCE OF BONDS BY THE PUBLIC FINANCE AUTHORITY AND A PLAN OF FINANCE FOR KINGSPATH SENIOR MINISTRIES INC.
April 14, 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.