Notice of Public Hearing on Revenue Obligations on Behalf of Mitchell Hamline School of Law
February 4, 2022
MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY
NOTICE OF MEETING CONDUCTED BY TELEPHONE
OR OTHER ELECTRONIC MEANS
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 Mitchell Hamline School of Law, formerly known as William Mitchell College of Law, a Minnesota nonprofit corporation (the “School”), as owner and operator of Mitchell Hamline School of Law, an institution of higher education, at the regular meeting of the Authority to be held on February 16, 2022, at 2:00 p.m.
Under the proposal, the Authority would issue its tax-exempt or taxable revenue bonds or other obligations in one or more series in an original aggregate principal amount of up to approximately $13,750,000 to finance a project (the “Project”) consisting of (a) the acquisition, design, construction, renovation and equipping of various facilities, including improvements to the heating, ventilation and air conditioning (HVAC) systems, (b) acquisition and installation of a new student information system (SIS) and enterprise resource planning system (ERP), (c) the refunding of the Authority’s outstanding Revenue Note, Series Seven‑V (William Mitchell College of Law), dated May 30, 2013, issued in the original principal amount of $10,800,000 (the “Series Seven‑V Note”), and (d) the funding of a payment arising from the termination of an interest rate swap, dated as of May 30, 2013, entered into by the School in relation to the Series Seven-V Note.
The Series Seven‑V Note was issued to provide funds to finance the refunding of the Authority’s outstanding Variable Rate Demand Revenue Bonds, Series Five‑S (William Mitchell College of Law), dated October 2, 2003, issued in the original principal amount of $15,800,000 (the “Series Five‑S Bonds”). The Series Five‑S Bonds were issued to provide funds to finance (a) construction, renovation and expansion of a student center, (b) construction, renovation and expansion of classroom space with enhanced technology, and (c) expansion and upgrade of facility infrastructure, consisting of approximately 27,000 additional square feet and approximately 22,000 square feet of remodeled space.
All the facilities and improvements to be financed or refinanced by the Project are or will be owned and operated by the School and located on the School’s main campus, the principal street address of which is 875 Summit Avenue, Saint Paul, Minnesota. The School’s Saint Paul campus is generally bounded on the north by Portland Avenue, on the east by Victoria Street North, on the south by Summit Avenue, and on the west by Milton Street North.
The Authority’s meeting and public hearing on February 16, 2022, will be conducted by telephone or other electronic means in accordance with Minnesota Statutes, Section 13D.021. Members of the public may attend the meeting in person or via telephone by calling toll-free 1‑877‑978-6969; Access Code 301-096-016# or by video at https://www.gomeet.com/301-096-016 (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, 380 Jackson Street, Suite 450, Saint Paul, Minnesota 55101, or 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 meeting to arrange for any necessary accommodations.
For additional information on such public hearing, see the Notice of Public Hearing – Mitchell Hamline School of Law, 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: February 4, 2022
By Order of the
Minnesota Higher Education Facilities Authority
Barry W. Fick
Executive Director