St. Joseph School Revenue Obligations

PUBLIC NOTICE

CITY OF ROSEMOUNT

DAKOTA COUNTY,

MINNESOTA

NOTICE OF PUBLIC HEARING

ON A PROPOSAL FOR THE ISSUANCE

OF REVENUE

OBLIGATIONS

(ST. JOSEPH SCHOOL PROJECT)

TO WHOM IT MAY CONCERN:

NOTICE IS HEREBY GIVEN, that the City Council of the City of Rosemount, Minnesota (the "City"), will meet at the City Hall in the City of Rosemount, Minnesota, at 7:30 p.m. on Tuesday, September 2, 2008, to consider the proposal of The Church of St. Joseph of Rosemount, Minnesota, a Minnesota nonprofit religious corporation (the "Company") that the City assist in financing a project hereinafter described, pursuant to Minnesota Statutes, Sections 469.152 to 469.1651, by the issuance of revenue obligations of the City. The Project consists of construction and equipping of an approximately 46,000 square foot new K-8 school to be located at 13900 Biscayne Avenue West in the City (the "Project"). The Project will be owned and operated by the Company.

The maximum principal amount of bonds to be issued to finance the Project is $5,200,000.

The obligations if and when issued will not constitute a charge, lien or encumbrance upon any property of the City, and such obligations will not be a charge against the general credit or taxing powers of the City but will be payable from sums to be paid by the Company pursuant to a revenue agreement.

A draft copy of the proposed application to the Minnesota Department of Employment and Economic Development for approval of the Project, together with all attachments and exhibits thereto, is available for public inspection beginning August 15, 2008, from 8:00 a.m. to 4:30 p.m., Monday through Friday, at the office of the City Clerk, Rosemount, Minnesota.

At the time and place fixed for the Public Hearing, the City Clerk of the City will give all persons who appear at the hearing an opportunity to express their views with respect to the proposal.

Dated this 12th day of August, 2008.

/s/Amy Domeier, City Clerk

City of Rosemount

Dakota County, Minnesota

Auxiliary aids and services are available - Please contact the City Clerk at (612)322-2003, or TDD No. (612)423-6219, to make a request. Examples of auxiliary aids or services may include: sign language interpreter, assistive listening kit, accessible meeting location, braille, etc.

08/15/08

Tags: st joseph school, revenue obligations, legal