May 4, 2021
MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY
NOTICE OF PUBLIC HEARING ON REVENUE OBLIGATIONS ON BEHALF OF THE TRUSTEES OF THE HAMLINE UNIVERSITY OF MINNESOTA
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 Trustees of the Hamline University of Minnesota, a Minnesota nonprofit corporation (the “University”), as owner and operator of the Hamline University (the “Institution”), an institution of higher education, at the Authority’s offices at 380 Jackson Street, Suite 450, St. Paul, Minnesota, on Wednesday, May 19, 2021, at 2:00 p.m. Under the proposal, the Authority would issue its revenue bonds or other obligations in an aggregate original principal amount of up to $9,725,000 to (i) refund the Authority’s Revenue Note, Series Seven-Y2 (Trustees of Hamline University of Minnesota), dated September 30, 2013, in the original principal amount of $6,210,000, and as reissued on July 1, 2016 (the “Series Seven-Y2 Note”); and (ii) finance renovation of Drew Residence Hall and the conversion of the north campus heating system from high pressure steam to low pressure steam.
The Series Seven-Y2 Note was issued to provide funds to be loaned to the University to refund the portion of the Authority’s Variable Rate Demand Revenue Bonds, Series Six‑E2 (Trustees of the Hamline University of Minnesota), dated June 30, 2005 (the “Series Six‑E2 Bonds”). The Series Six-E2 Bonds were issued to provide funds to be loaned to the University to finance the renovations, improvements and equipping of the Bush Memorial Library (including plaza repairs and a chiller replacement), the Robbins Science Center, the Drew Fine Arts Center, the Ceramics Studio Building, Sorin Hall and other facilities on the Institution’s main campus and the acquisition of, and renovation, improvement and equipping to, the Institution’s President’s residence and event center.
All projects and other facilities described in this notice are all owned and operated by the University and located on its main campus, the principal street address of which is 1536 Hewitt Avenue, St. Paul, Minnesota, except for the University President’s residence and event center which is located at 1027 Summit Avenue, St. Paul, Minnesota.
The Authority’s meeting and public hearing on May 19, 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 in person or via telephone by calling toll-free 1‑877‑978-6969; Access Code 866-830-615#. 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 – Hamline University, on the Authority’s website: mnhefa.org – Recent News.
By Order of the
Minnesota Higher Education Facilities Authority
Barry W. Fick, Executive Director