Resolution 10175 - 2025/11/24 - Laserfiche WebLink

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EXHIBIT A NOTICE OF PUBLIC HEARING ON A HOUSING PROGRAM AND THE ISSUANCE OF BONDS FOR A MULTIFAMILY HOUSING PROJECT (SILVER LAKE POINTE PROJECT) NOTICE IS HEREBY GIVEN that the City Council of the City of Mounds View, Minnesota (the "City") will meet on Monday, , 2026 at 7:00 p.m. in the City Hall at 2401 Mounds View Boulevard in the City for the purpose of conducting a public hearing on (i) a proposal of TDP Mounds View Housing, LP, a Minnesota limited partnership (or another entity to be formed by or affiliated with TDP MKT, LLC, a Minnesota limited liability company, the "Borrower"), that the City finance a multifamily housing development hereinafter described, pursuant to Minnesota Statutes, Chapter 462C, by the issuance of revenue bonds, and (ii) the adoption of a housing program for such bonds. The proceeds of such bonds will be used to (i) finance the acquisition, rehabilitation, and equipping of an approximately 83-unit senior rental housing facility known as Silver Lake Pointe and located at 2701 County Road 1, Mounds View, MN 55112; (ii) pay costs of issuance and other costs related to the issuance of the bonds, if necessary; and (iii) fund capitalized interest and certain reserves, if necessary (collectively, the "Project"). The Project will be owned and operated by the Borrower. The maximum aggregate estimated principal amount of bonds or other obligations to be issued, in one or more series, at one time or from time to time, to finance the Project is $7,000,000. The bonds or other obligations if and when issued will not constitute a charge, lien or encumbrance upon any property of the City, and will be payable solely from revenues of the project, and will not be backed by the full faith and credit of the City but will be payable solely from sums paid by the Borrower pursuant to a revenue agreement. A copy of the housing program will be on file at City Hall, 2401 Mounds View Boulevard, Mounds View, Minnesota 55112, during regular business hours Mondays through Thursdays until the date of the Public Hearing. At the time and place fixed for the Public Hearing, the City Council will give all persons who appear or submit comments in writing to the City Council prior to the hearing, an opportunity to express their views with respect to the proposal. In addition, interested persons may file written comments respecting the proposal with the City to the attention of Gayle Bauman, at (763) 717-4000 at or prior to said public hearing. Publish , 2026 4939-0502-6935.2 A-1