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#12-02-023
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#12-02-023
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3/19/2012 2:25:02 PM
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4485232v 1 <br />EXHIBIT A <br />crry OF RAMSEY <br />NOTICE OF PUBLIC HEARING ON INTENTION TO ISSUE <br />GENERAL OBLIGATION CAPITAL IMPROVEMENT PLAN REFUNDING BONDS <br />AND THE PROPOSAL TO ADOPT A CAPITAL IMPROVEMENT PLAN THEREFOR <br />NOTICE IS HEREBY GIVEN, that the City Council of the City of Ramsey, Minnesota, <br />will meet on March 13, 2012, at 7:00 p.m. at the Ramsey Municipal Center, 7550 Sunwood Drive <br />NW, in Ramsey, Minnesota, for the purpose of conducting a public hearing on (a) the intention to <br />issue general obligation capital improvement plan refunding bonds in an amount not to exceed <br />$17,900,000 and (b) the proposal to adopt a capital improvement plan therefor. The proceeds of <br />the bonds will be used to finance the acquisition of the existing city hall and public safety facility <br />(the "Municipal Center ") from the Economic Development Authority of the City of Ramsey, <br />Minnesota (the "EDA "), the lessor of the Municipal Center under the outstanding lease agreement <br />and refund the EDA's outstanding principal amount of its Public Project Lease Revenue Bonds, <br />Series 2005A (City of Ramsey, Minnesota Lease Obligation), dated June 1, 2005 in anticipation of <br />reducing debt service costs to the City. <br />All persons interested may appear and be heard at the time and place set forth above. <br />If a petition requesting a vote on the issuance of the bonds is signed by voters equal to five <br />percent of the votes cast in the City in the last general election and is filed with the City within <br />thirty days after the public hearing, the bonds may only be issued upon obtaining the approval of <br />the majority of the voters voting on the question of issuing the bonds. <br />Individuals unable to attend the public hearing can make written comment by writing to the <br />City Administrator, Ramsey Municipal Center, 7550 Sunwood Drive NW, Ramsey, Minnesota <br />55303 -5137. Written comments must be received prior to the date and time of the public hearing. <br />BY ORDER OF THE CITY C • CIL <br />A -1 <br />lerk <br />
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