NOTICE OF PUBLIC HEARING REGARDING THE ISSUANCE OF MULTIFAMILY HOUSING REVENUE REFUNDING BONDS FOR THE HIGHVIEW HILLS SENIOR HOUSING PROJECT DAKOTA COUNTY COMMUNITY DEVELOPMENT AGENCY NOTICE IS HEREBY GIVEN that the Board of Commissioners of the Dakota County Community Development Agency (the "CDA") will meet on Tuesday, August 16, 2016, at or after 3:30 p.m. at the CDA's offices at 1228 Town Centre Drive, Eagan, Minnesota, for the purpose of conducting a public hearing regarding the issuance of its multifamily housing revenue refunding bonds in one or more series in a principal amount not exceeding $39,000,000 (the "Bonds") to refund the outstanding principal amount of certain of the CDA's multifamily housing revenue bonds and notes issued in 2008 (together, the "Prior Bonds"). Proceeds of the Prior Bonds were loaned to Walker Highview Hills, LLC (the "Borrower") to finance the acquisition and construction of the 153-unit Highview Hills senior housing facility, located at 20150 Highview Avenue, Lakeville, Minnesota, 55044 (the "Project"). The sole member of the Borrower is Walker Methodist, a Minnesota nonprofit corporation. The Project is owned by the Borrower and managed by Walker Senior Services, Inc., a Minnesota corporation. The Bonds will be special, limited obligations of the CDA and the principal and interest thereon will be payable solely from the revenues pledged to the payment thereof and a mortgage granted by the Borrower on the Project. No holder of the Bonds shall ever have the right to compel the exercise of any taxing power of the CDA to pay the Bonds, or the interest thereon, or to enforce payment against any property of the CDA except any interest it may have in the Project. All persons interested may appear and be heard at the time and place set forth above. July 22, 2016 BY ORDER OF THE BOARD OF COMMISSIONERS OF THE DAKOTA COUNTY COMMUNITY DEVELOPMENT AGENCY By /s/ Tony Schertler Executive Director
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