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PUBLIC DISCLOSURE/TEFRA NOTICES AND INFORMATION

TEFRA Notice Requirements

Public Hearing Notices/TEFRA

Public Hearing Notices are published here 7 days prior to the event.

Please contact the Authority at [email protected] for meeting materials if participation will be via telephone.

MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY

NOTICE OF MEETING CONDUCTED BY TELEPHONE
OR OTHER ELECTRONIC MEANS

NOTICE OF PUBLIC HEARING ON REVENUE OBLIGATIONS

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 the University of St. Thomas (the “University”), as owner and operator of University of St. Thomas, at the regular meeting of the Authority to be held on May 20, 2020, at 2:00 p.m.

Under the proposal, the Authority would issue its tax-exempt or taxable revenue bonds or other obligations in one or more series in an original aggregate principal amount of up to approximately $22,100,000 to finance a project (the “Project”) consisting of (a) the acquisition, design, construction, renovation, improvement and equipping of various facilities, including (i) renovation of John Ireland Hall, a 44,000 square foot student residence hall originally constructed in 1912, including modernization, technology and security upgrades, a new roof, a new elevator, new windows, and reconfiguration of interior space, and (ii) renovation of the Center for Well Being, a 20,000 square foot existing building, to facilitate an integrated counseling, psychological and health services model for University students, faculty and staff, including interior demolition and buildout of examination, counseling, therapy and education rooms, medical support space, and staff offices; and (b) the refunding of the Authority’s outstanding Revenue Refunding Note, Series 2017C (University of St. Thomas), dated December 29, 2017, issued in the original principal amount of $10,815,000 (the “Series 2017C Note”).

The Series 2017C Note was issued to provide funds to finance the refunding of the Authority’s outstanding Revenue Bonds, Series Seven‑P (University of St. Thomas), dated May 30, 2012, issued in the original principal amount of $12,300,000 (the “Series Seven‑P Bonds”).  The Series Seven-P Bonds were issued to provide funds to finance the refunding of the Authority’s outstanding Variable Rate Demand Revenue Bonds, Series Six‑H (University of St. Thomas) dated February 16, 2006, issued in the original principal amount of $12,300,000 to finance the construction, equipping and furnishing of McNeely Hall, an approximately 73,000 square foot undergraduate business building.

All the facilities and improvements to be financed or refinanced by the Project are or will be owned and operated by the University and located on the University’s main campus, the principal street address of which is 2115 Summit Avenue, Saint  Paul, Minnesota.  The University’s Saint Paul campus is bounded on the north by Selby Avenue, on the east by Cleveland Avenue South, on the south by Grand Avenue, and on the west by Cretin Avenue. 

Following Emergency Executive Order 20-01, dated March 13, 2020, Declaration of Peacetime Emergency by Governor Walz; Emergency Executive Order 20-20, dated March 25, 2020; and Emergency Executive Order 20-33, dated April 8, 2020 (the foregoing and other Emergency Executive Orders of the Governor relating to COVID-19, as may be amended or superseded, collectively, the “Emergency Orders”), members of the Authority will participate in and attend the meeting by telephone or other electronic means in accordance with Minnesota Statutes, Section 13D.021. Authority Chair Ranum has determined that an in-person meeting at the regular meeting location for the Authority, 380 Jackson Street, Suite 450, Saint Paul, Minnesota 55101, is not practical or prudent because of the health pandemic declared under the Emergency Orders and according to current guidance from the Minnesota Department of Health, the Centers for Disease Control and Prevention, and the U.S. Department of Homeland Security.

The chief administrative officer of the Authority, Executive Director Barry W. Fick, will be physically present at the Authority’s offices, 380 Jackson Street, Suite 450, Saint Paul, Minnesota 55101, and will conduct the public hearing on behalf of the Authority at the date and time set forth above. 

Members of the public who plan to be present in person at the public hearing at the Authority’s offices will be required to observe social distancing and comply with other measures imposed by the Emergency Orders.

The public may also monitor the meeting by calling the phone number listed below. 

Certain materials related to the meeting agenda will be posted separately at www.mnhefa.org.

Dial-In Information:  (888) 742-5095   Code 582 273 6685#

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 4, 2020                          

By Order of the

Minnesota Higher Education Facilities Authority

Barry W. Fick

Executive Director


MINNESOTA HIGHER EDUCATION FACILITIES AUTHORITY

SUPPLEMENT TO
NOTICE OF MEETING AND PUBLIC HEARING

(UNIVERSITY OF ST. THOMAS)

The Minnesota Higher Education Facilities Authority (the “Authority”) on May 4, 2020, electronically posted on its public website, www.mnhefa.org, a notice of meeting conducted by telephone or other electronic means and notice of public hearing on revenue obligations (the “Notice”) with respect to a proposal to issue revenue bonds or other obligations on behalf of the University of St. Thomas, at a meeting of the Authority to be held on May 20,2020, at 2:00 p.m. Central Daylight Time.

This Supplement to the Notice is being provided pursuant to Rev. Proc. 2020‑21 of the U.S. Department of the Treasury, effective May 4, 2020.

The Notice is supplemented as follows:

Members of the public may participate in the public hearing by teleconference, by calling the toll-free telephone number and using the passcode below.

Dial-In Information:  (888) 742-5095      Code 582 273 6685# (toll-free)

At said time and place the Authority shall give all parties who appear in person or participate by teleconference, or who have submitted written comments, an opportunity to express their views with respect to the proposal to undertake and finance the Project (as described in the Notice).

Dated:  May 14, 2020                        

By Order of the

Minnesota Higher Education Facilities Authority

Barry W. Fick

Executive Director