Notice of Public Hearing on the Issuance of Revenue Obligations on Behalf of The Concordia College Corporation

November 3, 2026

NOTICE IS HEREBY GIVEN that a public hearing will be held by the Minnesota Health and Education Facilities Authority (the “Authority”) with respect to a proposal to issue revenue bonds or other obligations (the “Obligations”) on behalf of The Concordia College Corporation, a Minnesota nonprofit corporation (the “College”), as owner and operator of Concordia College, in the lower level Conference Room of the Authority’s offices at 860 Blue Gentian Road, Suite 145, Eagan, Minnesota, 55121, on Tuesday, November 10, 2026, at or after 2:00 p.m.

Under the proposal, the Authority would issue its Obligations in an approximate maximum principal amount of $[40,000,000] to finance a project (the “Project”) consisting of (a) the prepaying of the City of Moorhead, Minnesota Educational Facilities Revenue Bonds (The Concordia College Corporation Project), Series 2016 (the “Series 2016 Bonds”), dated March 1, 2016, which were issued in the original aggregate principal amount of $38,440,000; and (b) the construction of a new mixed-use campus building including demolition of existing facilities and construction of student residences, related amenities and a commercial space.

The Series 2016 Bonds were issued by the City of Moorhead, Minnesota to (i) finance the construction, equipping and renovation of certain of the College’s educational facilities, including Ivers Hall and Jones Hall, into a new integrated science complex (the “Prior Project”), all located at the College’s campus, the main address of which is 901 South Eighth Street, Moorhead, Minnesota 56562 (the “Campus”), (ii) (A) refund the outstanding principal amount of the $3,300,000 Clay County, Minnesota Educational Facilities Revenue Bond (The Concordia College Corporation Project), Series 2001, (B) refund the outstanding principal amount of the $2,300,000 Clay County, Minnesota Educational Facilities Revenue Bond (The Concordia College Corporation Project), Series 2003, (C) refund the outstanding principal amount of the $7,000,000 Clay County, Minnesota Educational Facilities Revenue Bond (The Concordia College Corporation Project), Series 2004, and (D) refund the outstanding principal amount of the $19,145,000 City of Moorhead, Minnesota Educational Facilities Revenue Bonds (The Concordia College Corporation Project), Series 2005A, the proceeds of which were used to finance and refinance the acquisition, construction, equipping and improvements of certain educational facilities all located at the Campus, (iii) fund a debt service reserve fund securing the Series 2016 Bonds and (iv) finance the costs of issuing the Series 2016 Bonds.

All of the facilities and improvements to be financed or refinanced as part of the Project are or will be owned and operated by the College and located on the Campus.

The Obligations will be issued in accordance with Minnesota Statutes, Chapter 15D, as amended, and will be “qualified 501(c)(3) bonds” within the meaning of Section 145 of the Internal Revenue Code of 1986, as amended.

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, Suite 145, Eagan, Minnesota 55121 or by telephone by calling toll-free 1-877-978-6969; Access Code 802-980-586# or by video at https://www.gomeet.com/802-980-586 (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 – The Concordia College Corporation, on the Authority’s website: mnhefa.org – Recent News.

Dated: November 3, 2026

BY ORDER OF THE MINNESOTA HEALTH AND EDUCATION FACILITIES AUTHORITY

/s/ Barry W. Fick
Executive Director
Minnesota Health and Education Facilities Authority