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<br />447996v2 JAE MN475-38
<br />EXHIBIT A
<br />
<br />NOTICE OF PUBLIC HEARING
<br />
<br />
<br />CITY OF MOUNDS VIEW, MINNESOTA
<br />
<br />NOTICE OF PUBLIC HEARING WITH RESPECT TO A PROJECT
<br />DESCRIBED IN MINNESOTA STATUTES, SECTIONS 469.152
<br />THROUGH 469.1655, AS AMENDED, AND CHAPTER 462C, AS
<br />AMENDED, AND THE ISSUANCE OF A REVENUE NOTE
<br />THEREUNDER
<br />
<br /> NOTICE IS HEREBY GIVEN that the City Council of the City of Mounds View, Minnesota (the
<br />“City”) will hold a public hearing on Monday, September 8, 2014, at or after 7:00 p.m., at City Hall, 2401
<br />Highway 10, in the City, to consider a proposal for the issuance of a revenue obligation of the City, in one
<br />or more series (the “City Note”), under Minnesota Statutes, Sections 469.152 through 469.1655, as
<br />amended (the “Industrial Development Act”), and Minnesota Statutes, Chapter 462C, as amended (the
<br />“Housing Act”), on behalf of Catholic Eldercare, a Minnesota nonprofit corporation, or any of its
<br />affiliates (the “Borrower”). The proceeds of the City Note proposed to be issued by the City for the
<br />benefit of the Borrower will be applied, along with the proceeds of a revenue note (the “Lauderdale
<br />Note”) proposed to be issued by the City of Lauderdale, Minnesota (the “City of Lauderdale”) in an
<br />aggregate principal amount not to exceed $10,000,000 and a revenue note (the “Minneapolis Note”)
<br />proposed to be issued by the City of Minneapolis (the “City of Minneapolis”) in an aggregate principal
<br />amount not to exceed $5,000,000, to (i) finance the acquisition, construction, and equipping of a
<br />transitional care unit consisting of the addition of 24 skilled nursing beds to the existing 150-bed skilled
<br />nursing facility located at 900 2nd Street NE in the City of Minneapolis (the “TCU Facility”); (ii) fund
<br />capitalized interest on the City Note, the Minneapolis Note, and the Mounds View Note (collectively, the
<br />“Notes”) during construction of the TCU Facility; (iii) refund the outstanding Variable Rate Demand
<br />Multifamily Housing Revenue Bonds (St. Hedwig’s Assisted Living Project), Series 2002 (the “2002
<br />Assisted Living Bonds”), issued by the City of Minneapolis on December 23, 2002, in the original
<br />aggregate principal amount of $7,570,000; (iv) refund the outstanding Variable Rate Demand Nursing
<br />Home Revenue Refunding Bonds (Catholic Eldercare Project), Series 2002 (the “2002 Nursing Home
<br />Bonds”), issued by the City of Minneapolis on December 23, 2002, in the original aggregate principal
<br />amount of $9,580,000; (v) refinance certain outstanding taxable indebtedness of the Borrower; (vi) fund
<br />required reserves for the Notes, if any; and (vii) pay the costs of issuing the Notes (collectively, the
<br />“Project”).
<br />
<br />The proceeds of the 2002 Assisted Living Bonds were used by Catholic Eldercare Community
<br />Services Corporation II, a Minnesota nonprofit corporation and an affiliate of the Borrower, to finance the
<br />acquisition, construction, and equipping of a 71-unit assisted living facility located at 2919 Randolph
<br />Street NE (commonly known as RiverVillage East) in the City of Minneapolis (the “Assisted Living
<br />Facility”). The proceeds of the 2002 Nursing Home Bonds were used by the Borrower to (i) refinance the
<br />acquisition, construction, and equipping of the 150-bed skilled nursing facility located at 900 2nd Street
<br />NE (commonly known as Catholic Eldercare on Main) in the City of Minneapolis (the “Skilled Nursing
<br />Facility”); and (ii) refinance the acquisition, construction, and equipping of a 51-unit assisted living
<br />multifamily rental housing facility located at 909 Main Street NE (commonly known as MainStreet
<br />Lodge) in the City of Minneapolis (the “Assisted Living Housing Facility”).
<br />
<br />The facilities financed and refinanced with the proceeds of the Notes (the “Facilities”) will be
<br />owned and operated by individual affiliates of the Borrower.
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