NOTICE OF PUBLIC HEARING ON A PROPOSAL FOR HOST APPROVAL BY THE CITY OF MINNEAPOLIS TO THE ISSUANCE OF A REVENUE REFUNDING NOTE Notice is hereby given that a public hearing shall be conducted by the Community Development and Regulatory Services Committee (the "Committee"), a Standing Committee of the City Council of the City of Minneapolis, Minnesota (the "City"), on Tuesday, May 16, 2017 at 1:30 p.m. in Council Chambers, Room 317, at City Hall, 350 South 5th Street, Minneapolis, Minnesota, to consider the proposal of Avivo, doing business as RESOURCE, Inc., a Minnesota nonprofit corporation having federal income tax-exempt 501(c)(3) status (the "Borrower"), that the City consider giving host approval to the issuance by the City of Landfall Village, Minnesota (the "Issuer") of revenue obligations, in one or more series, to refinance a project located in the City, hereinafter described, pursuant to Minnesota Statutes, Sections 469.152 to 469.165, as amended. The project consists of the refinancing of the outstanding balance of the Minneapolis Community Development Agency Revenue Bond (RESOURCE, Inc. Project), Series 2010, dated August 17, 2010, and certain other debt of the Borrower relating to the acquisition, construction, renovation, and equipping of the Borrower's social service facilities at 1900 and 1908 Chicago Avenue, 900 20th Avenue South, 1825 Chicago Avenue, and 1826 Chicago Avenue in the City (collectively, the "Project"). The Project is and will be owned and operated by the Borrower. The maximum estimated principal amount of the Note to be issued to finance the Project is $3,950,000. The obligations, as and when issued, will not constitute a charge, lien, or encumbrance upon any property of the City or the Issuer, except the Project and the revenues to be derived from the Project. Such notes or obligations will not be a charge against the general credit or taxing powers of the City or the Issuer, but will be payable from sums to be paid by the Borrower pursuant to a revenue agreement. At the time and place fixed for the public hearing, the Committee will give all persons who appear at 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 Clerk of the City at or prior to the public hearing. (For sign language interpreting, TDD 612-673-2626). For information call Becky Shaw, 612-673-5066. COMMUNITY DEVELOPMENT AND REGULATORY SERVICES COMMITTEE OF THE CITY COUNCIL OF THE CITY OF MINNEAPOLIS
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