January 5, 2024
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 January 17, 2024, 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 $25,000,000 (the “Obligations”) to finance a project (the “Project”) consisting of (i) the renovation, equipping, and furnishing of two existing residence halls, connected by a common entrance, known as Hilleboe and Kittlesby Halls; (ii) the construction of a new approximately 10,000 square foot building near the main campus wind turbine to support facilities operations and provide storage; and (iii) the construction of various improvements to facilities infrastructure and roof replacements to existing buildings.
All the facilities and improvements to be financed by the Project are or will be owned and operated by the College and are or will be 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 843-929-912# or by video at https://www.gomeet.com/843-929-912 (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 Project.
Dated: January 5, 2024
By Order of the
Minnesota Higher Education Facilities Authority
Barry W. Fick