NOTICE OF PUBLIC HEARING ON THE ISSUANCE
OF HEALTH CARE FACILITIES REVENUE REFUNDING OBLIGATIONS
TO REFINANCE PROJECTS BY OPPORTUNITY MATTERS
Notice is hereby given that the City Council of the City of Sartell, Minn. (the “City”), will meet in the City Council Chambers at the City Hall located at 125 Pinecone Road N. in the City of Sartell, Minn. at 7 p.m. Monday, Feb. 11, 2013, to consider the proposal of Opportunity Matters, f/k/a Opportunity Manor Inc., a Minnesota nonprofit corporation (the “Borrower”) that the City refinance the projects hereinafter described, pursuant to Minnesota Statutes, Sections 469.152 to 469.1651, by the issuance of revenue obligations.
The project consists of (a) refinancing the outstanding principal amount of the City of Sauk Rapids, Minn. $1,400,000 Health Care Facilities Revenue Note, Series 2001 (Opportunity Manor Project), the proceeds of which were used, in part, to refinance and renovate Borrower’s group housing facilities for disabled persons located at: (i) 13-12th Ave. SE, St. Joseph, Minn. (the “St. Joseph Facility”) and 1311-13th Ave. SE, 861-17th Ave. N., 930 Cory Lane, 926 Cory Lane, 902 Gloria Drive, and 1708- 7th St. S.E., St. Cloud, Minn. (the “St. Cloud Facilities” and together with the St. Joseph Facility, the “2001 Facilities”), (b) refinancing the outstanding principal amount of a taxable obligation issued Jan. 24, 2003, to finance the construction of a group housing facility located at 808 NE 2nd Ave. in the City (the “Sartell FNMA Facility”), (c) refinance the outstanding principal amount of a taxable obligation issued March 1, 2004, to finance the construction of a group housing facility located at 1712 27th St. S.E, St. Cloud, Minn. (the “St. Cl.oud 1712 FNMA Facility”), (d) refinance the outstanding principal amount of a taxable obligation issued April 1, 2004, to finance the construction of group housing facility located at 2708 18th Ave. S.E., St. Cloud, Minn. (the “St. Cloud 2708 FNMA Facility,” and together with the St. Cloud 1712 FNMA Facility, the “St. Cloud FNMA Facilities”), and (e) refinance the outstanding principal amount of a taxable obligation issued Oct. 16, 2006, to finance the construction of a group housing facility located at 601 Birch St., St. Joseph, Minn. (the “St. Joseph FNMA Facility”, and together with the Sartell FNMA Facility and the St. Cloud FNMA Facilities, the “FNMA Facilities”). The 2001 Facilities and the FNMA Facilities (collectively, the “Project”) are owned and operated by the Borrower.
The maximum aggregate estimated principal amount of the notes or other obligations to be issued, in one or more series, by the City to refinance the Project will be $1,250,000.
The notes or other obligations, as and when issued, will not constitute a charge, lien or encumbrance upon any property of the City, the City of St. Joseph, Minn., or the City of St. Cloud, Minn., except the Project and the revenues to be derived from the Project. Such note or obligations will not be a charge against the general credit or taxing powers of the City, the City of St. Joseph, Minn., or the City of St. Cloud, Minn., but will be payable from sums to be paid by the Borrower pursuant to a revenue agreement.
A draft copy of the proposed application to the Commissioner of the Department of Employment and Economic Development, State of Minnesota, for approval of the project, together with all attachments and exhibits thereto, is available for public inspection during normal business hours, Monday through Friday, at the City Hall in the City.
At the time and place fixed for the public hearing, the city council of the city will give all persons who appear at the hearing an opportunity to express their views with respect to the financing of the project. Written comments will be considered if submitted to the city administrator on or before the date of the hearing.
Publish: Jan. 25, 2013
CITY OF SARTELL PUBLIC HEARING
CITY CODE OF ORDINANCES
AMENDING TITLE 8, WATER & SEWER
NOTICE IS HEREBY GIVEN: That the city of Sartell will hold a public hearing at 7 p.m., or as soon thereafter as the matter may be heard, Monday, Feb. 11 at the Sartell City Hall, for the purpose of amending Title 8, Water and Sewer. The City will consider a change to allow Polyethylene Pipe materials for water services lines from the curb stop to the water meter. A copy of the proposed changes tothe ordinance is available for review at the city clerk’s office.
All interested persons are invited to attend to voice their opinion. Written comments will be accepted until the date of the hearing.
Publish: Jan. 25, 2013