NOTICE OF PUBLIC HEARING NOTICE OF PUBLIC HEARING WITH RESPECT TO A PROJECT DESCRIBED IN MINNESOTA STATUTES, SECTIONS 469.152 THROUGH 469.1655, AS AMENDED, AND CHAPTER 462C, AS AMENDED, AND THE ISSUANCE OF A REVENUE NOTE THEREUNDER NOTICE IS HEREBY GIVEN that the Community Development & Regulatory Services Committee of the Minneapolis City Council and the Operating Committee of the Board of Commissioners of the Minneapolis Community Development Agency (the "MCDA"), will jointly hold a public hearing on Tuesday, March 14, 2017, at or after 1:30 p.m., in Room 317 at Minneapolis City Hall, 350 South Fifth Street, in Minneapolis, Minnesota, to consider a proposal for the issuance of a revenue obligation of the MCDA, in one or more series in an aggregate principal amount not to exceed $3,000,000 (the "Note") to be issued pursuant to Minnesota Statutes, Sections 469.152 through 469.1655, as amended (the "Industrial Development Act") for the benefit of Plymouth Christian Youth Center, a Minnesota nonprofit corporation, or any of its affiliates (the "Borrower"). The proceeds of the Note proposed to be issued by the MCDA will be applied to (i) refund the outstanding Revenue Bond (Plymouth Christian Youth Center Project), Series 2009 previously issued by the MCDA to refinance certain land and facilities of the Borrower located at 2021 West Broadway and 2210 Oliver Avenue North in the City (the "Facilities"); (ii) refinance certain outstanding taxable indebtedness of the Borrower originally incurred to finance the substantial renovation of certain Facilities of the Borrower; (iii) fund required reserves for the Note, if any; and (iv) pay the costs of issuing the Note (collectively, the "Project"). The facilities refinanced with the proceeds of the Note will be owned and operated by the Borrower or its affiliates. On a date following the public hearing, the MCDA will consider adoption of a resolution approving the Project in accordance with the requirements of the Industrial Development Act and approving the issuance of the Note, and the City Council will consider adoption of a resolution approving the Project and approving the issuance of the Note. The Note proposed to be issued by the MCDA will constitute a special, limited obligation of the MCDA payable solely from the revenues expressly pledged to the payment thereof, and will not be a general or moral obligation of the City or MCDA and will not be secured by the taxing power of the City or any assets or property of the City or MCDA except any interests of the MCDA in the Project that may be granted to the MCDA in conjunction with this financing. A draft copy of the application to the Minnesota Department of Employment and Economic Development for approval of the Project is on file with the MCDA and is available for public inspection in the office of Community Planning and Economic Development located at 105 Fifth Avenue South, Suite 200, in Minneapolis, Minnesota during regular business hours. At the time and place fixed for the public hearing, all persons who appear at the public hearing will be given an opportunity to express their views with respect to the Note. In addition, interested persons may file written comments regarding the Note with the City Clerk at or prior to such public hearing. For sign language interpreting, TDD 673-2626. For additional information contact Charles Curtis of the City of Minneapolis Community Planning and Economic Development at (612) 673-5069. Dated: Saturday, February 25, 2017 CITY OF MINNEAPOLIS
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