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25 <br />NOTICE OF PUBLIC HEARING RELATINGTO A HOUSING PROGRAM <br />AND PROJECT ON BEHALF OF ST. ANTI IONY LEASED HOUSING <br />ASSOCIATES II LIMPTED PARTNERSHIP AND ITS FINANCING UNDER <br />SECTION 142(D) OFTHE INTERNAL REVENUE CODE OF 1986, AS <br />AMENDED, AND CHAPTERS 462A AND 4620, MINNESOTA STATUTES; <br />CALLING FOR A PUBLIC HEARING ON THE FINANCING AND A <br />RELATED HOUSING PROGRAM <br />CITY OF ST. ANTI IONY, MINNESOTA <br />NOTICE IS HEREBY GIVEN that the City Council of the City of St. Anthony, <br />Minnesota (the "City"), will meet on Tuesday, May 28, 2013, at 7:00 p.m., or as soon thereafter <br />as practicable, at the City offices located at 3301 Silver Lake Road Northeast in the City, for the <br />purpose of conducting a public hearing on (i) a proposal that the City issue tax-exempt revenue <br />bonds, in one or more series (the "Bonds"), under Minnesota Statutes, Chapters 462A and 462C, <br />as amended (the "Act") and Section 142(d) of the Internal Revenue Code of 1986, as amended <br />(the "Code"), in order to finance a project (the "Project") on behalf of St. Anthony Leased <br />Housing Associates II, Limited Partnership, a Minnesota limited partnership and (ii) a housing <br />program prepared with respect to the Project and its financing. The Project is a multifamily <br />housing facility consisting of approximately 169 units. The Project is to be located at 2500 38°i <br />Avenue NE in the City. The aggregate principal amount of the Bonds to be issued for the Project <br />will not exceed $18,750,000. <br />The Bonds shall be special, limited obligations of the City and shall be payable solely <br />from the revenues pledged to the payment thereof'. No holder of any Bond shall ever have the <br />right to compel any exercise of the taxing power of the City to pay the Bonds, or the interest <br />thereon, nor to enforce payment thereon against any property of the City, except money payable <br />by the Borrower to the City and pledged to the payment of the Bonds. <br />A draft copy of the housing program relating to the Project is available for public <br />inspection at the office of the City Clerk, located in City offices, between the hours of 8:00 a.m. <br />and 4:30 p.m. on normal City business days. <br />All persons interested may appear and be heard at the time and place set forth above, or <br />may file written comments with the City Manager prior to the date of the hearing set forth above. <br />Dated: May 6, 2013. CITY OF ST. ANTHONY, MINNESOTA <br />/s/ Mark Casey <br />City Manager <br />