PUBLIC DISCLOSURE/TEFRA NOTICES AND INFORMATION

MINNESOTA HEALTH AND EDUCATION FACILITIES AUTHORITY

NOTICE OF PUBLIC HEARING ON ISSUANCE OF REVENUE OBLIGATIONS

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 on behalf of Bethel University (the “University”), a Minnesota nonprofit corporation, as owner and operator of Bethel University (the “Institution”), on May 20, 2026, at 2:00 p.m., at the Authority’s office, 860 Blue Gentian Road, Suite 145, Eagan, Minnesota.

Under the proposal, the Authority would issue its revenue bonds or other obligations in an original principal amount of up to approximately $27,500,000 (the “Obligations”) to (i) finance the acquisition, design, site preparation, construction, renovation, equipping, and furnishing of (a) three existing residence halls known as Getsch Hall, Bodien Hall, and Edgren Hall, and (b) other permissible capital projects (collectively, the “Facilities”); (ii) fund interest on the Obligations during the renovation and construction of the Facilities, if necessary; (iii) fund one or more reserve funds to secure the timely payment of the Obligations, if necessary; and (iv) pay the costs of issuing the Obligations (collectively, the “Project”).

All the facilities and improvements to be financed by the Project are or will be owned and operated by the University and are or will be located on the Institution’s main campus, the principal street address of which is 3900 Bethel Drive, Arden Hills, Minnesota, and the boundaries of which are Minnesota State Highway 10 and Interstate Highway 694 on the north, Minnesota State Highway 51 on the east, the Soo Line railway line on the south, and County State-Aid Highway 76 on the west.

Members of the public may attend the hearing in person at the Authority’s offices or by telephone or other electronic means, in accordance with Minnesota Statutes, Section 13D.015, by calling toll-free 1-877-978-6969; Access Code 976-445-101#or by video at https://www.gomeet.com/976-445-101 (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 – Bethel University, 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:  May 8, 2026                          

By Order of the Minnesota Health and Education Facilities Authority

Barry W. Fick

Executive Director