Skip to main content

December 14, 2020



Notice of Public Hearing on Revenue Obligations

on Behalf of St. Olaf College


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”), at the Authority’s offices at Suite 450, 380 Jackson Street, St. Paul, Minnesota, on Wednesday, January 6, 2021, at 10:00 a.m. central time. Under the proposal, the Authority would issue its revenue bonds or other obligations in an aggregate original principal amount not to exceed $71,000,000 to finance projects generally described as (i) the acquisition, construction, equipping and furnishing of a new student housing project consisting of a 300-bed residence hall and 14 new townhouses, each townhouse containing 10 beds; and (ii) renovations, equipping and furnishing of an existing residence hall (collectively, the “Project”), and to fund capitalized interest and costs of issuance. The Project is or will be owned and operated by the College, and located on the Institution’s main campus, the principal street address of which is 1520 St. Olaf Avenue, Northfield, Minnesota.

The Authority’s meeting and public hearing on January 6, 2021, 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 via telephone by calling toll-free 1‑877‑978-6969; Access Code 536-888-055#. 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 – St. Olaf College, on the Authority’s website: – Recent News.


By Order of the

Minnesota Higher Education Facilities Authority

Barry W. Fick, Executive Director