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April 6, 2023



Notice of Public Hearing on Revenue Obligations

on Behalf of the Minneapolis College of Art and Design


NOTICE IS HEREBY GIVEN that a public hearing will be held by the Minnesota Higher Education Facilities Authority (the “Authority”) with respect to the proposal to issue revenue bonds or other obligations on behalf of the Minneapolis College of Art and Design, a Minnesota nonprofit corporation (the “College”), an institution of higher education, in the Red Cap Room of Union Depot Saint Paul at 214 4th Street, Saint Paul, Minnesota on Wednesday, April 26, 2023, at 2:30 p.m. Under the proposal, the Authority would issue its revenue bonds or other obligations, in one or more series, in an aggregate original principal amount of up to $18,500,000, to finance the acquisition, construction of improvements to, equipping and related expenses of property located at 113 26th Street E., Minneapolis, Minnesota to be owned and operated by the College for student housing and related operational purposes of the College (the “Project”), and to pay costs of issuance associated with the financing. The proposed revenue obligations will be qualified 501(c)(3) bonds as defined in Section 145 of the Code.

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 Union Depot Saint Paul, Red Cap Room, 214 4th Street, Saint Paul, or by telephone by calling toll-free 1-877-978-6969; Access Code 602-114-696# or by video at (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 – Minneapolis College of Art and Design, on the Authority’s website: – Recent News.

By Order of the

Minnesota Higher Education Facilities Authority

Barry W. Fick, Executive Director