Notice of Public Hearing on Revenue Obligations On behalf of Rogers Memorial Hospital, Inc.
August 28, 2026
MINNESOTA HEALTH AND EDUCATION FACILITIES AUTHORITY
Notice of Public Hearing on Revenue Obligations
On behalf of Rogers Memorial Hospital, Inc.
Notice is hereby given that a public hearing will be held by the Minnesota Health and Education Facilities Authority (the “Authority”) with respect to the proposal for the Wisconsin Health and Educational Facilities Authority (“WHEFA”) to issue its revenue bonds on behalf of Rogers Memorial Hospital, Inc., a Wisconsin nonstock corporation (the “Borrower”) in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Suite 145, Egan, Minnesota on Wednesday, September 9, 2026, at 2:00 p.m.. Under the proposal, WHEFA would issue its revenue bonds, in one or more series, whether taxable or tax-exempt, in a maximum aggregate original principal amount not to exceed $125,000,000 (the “Bonds”).
The Bonds will be issued by WHEFA as qualified 501(c)(3) revenue bonds and the proceeds of the Bonds will be loaned by WHEFA to the Borrower, to provide the Borrower with funds to be used, together with certain other moneys, for (i) the refunding of certain outstanding Bonds previously issued by WHEFA on behalf of the Borrower, (ii) the financing or reimbursing, for various capital projects located in Wisconsin and Minnesota (the “Project”), and (iii) the financing of certain expenses incurred in connection with the issuance of the Bonds. The Project includes the financing or reimbursing the Borrower for the costs of planning, design, acquisition, construction, renovation, improvement, expansion or equipping of various healthcare and related facilities, the land improvement costs of various healthcare and related facilities, and acquiring and installing equipment (including, but not limited to, medical equipment, computer equipment, office equipment and general building equipment and fixtures) used at the Borrower’s hospital and related healthcare and residential health facilities that are owned and operated by the Borrower, or an affiliate thereof, including the facilities to be located at the property on Circle Grove N. just south of 99th Place N., Maple Grove, Minnesota.
The estimated principal amount of the Bonds for the Project is not to exceed $40,000,000, with no more than $5,000,000 of the proceeds of the Bonds allocable to the facility located in the State of Minnesota.
The Bonds, if issued by WHEFA, will be limited obligations of WHEFA and will not constitute an indebtedness of the State of Wisconsin within the meaning of any Wisconsin constitutional provision or statutory limitation or constitute or give rise to a pecuniary liability of the State of Wisconsin or a charge against its general credit or taxing powers.
No holders of the Bonds will ever have the right to compel the exercise of the taxing power of the State of Minnesota or any political subdivision thereof to pay the Bonds or the interest thereon or to enforce payment against any property of the Authority, the State of Minnesota or any political subdivision thereof.
This public hearing does not impose any liability, financial or otherwise, on the Authority or the State of Minnesota or any political subdivision thereof or in any way involve the Authority or the State of Minnesota or any political subdivision thereof in the issuance of the Bonds, but is an accommodation by the Authority to satisfy the requirements of Section 147(f) of the Code for the issuance of the Bonds by WHEFA.
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, by video through the link https://meeting.gomeet.com/796-778-378, or by telephone by calling toll-free 1-877-978-6969; Access Code 796-778-378/# or 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 651-287-5751. 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.
By Order of the
Minnesota Health and Education Facilities Authority
Barry W. Fick, Executive Director