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EXHIBIT A <br /> NOTICE OF PUBLIC HEARING <br /> ON A PROPOSAL FOR THE ISSUANCE OF <br /> CHARTER SCHOOL LEASE REVENUE BONDS FOR THE <br /> PACT CHARTER SCHOOL PROJECT <br /> Notice is hereby given that the City Council of the City of Ramsey, Minnesota(the "City") <br /> will meet at Ramsey City located at Ramsey Municipal Center, 7550 Sunwood Drive NW, <br /> Ramsey, Minnesota, at 7:00 p.m. on Tuesday, June 14, 2022, to consider the proposal of PCS <br /> Building Company, a Minnesota nonprofit corporation having federal income tax-exempt <br /> 501(c)(3) status (the `Borrower"), that the City assist in financing a project hereinafter described <br /> pursuant to Minnesota Statutes, Sections 469.152 through 469.165, as amended, by the issuance <br /> of a revenue obligations, in one or more series (the "Obligations"). <br /> The project consists of (i) currently refunding the City's outstanding Lease Revenue <br /> Refunding Bonds (PACT Charter School Project), Series 2013A (the "Series 2013A Bonds"), the <br /> proceeds of which were used to advance refund the City's Lease Revenue Bonds (PACT Charter <br /> School Project), Series 2004A (the "Series 2004 Bonds"), the proceeds of which were used to <br /> finance the acquisition, construction, and equipping of an approximately 74,000 square-foot school <br /> facility located at 7250 East Ramsey Parkway(the "Original School Facilities") in the City, which <br /> is currently leased to and operated by PACT Charter School, a Minnesota nonprofit corporation <br /> and 501(c)(3) organization(the "Charter School") as apublic charter school for students in grades <br /> kindergarten through twelve; (ii) currently refunding the Borrower's outstanding subordinate loan <br /> from Propel Nonprofits issued in the original principal amount of$526,870,the proceeds of which <br /> were used to finance and refinance certain capital improvements to the Original School Facilities <br /> (the "Subordinate Loan"); (iii) financing certain interior renovations to the Original School <br /> Facilities to equip the Original School Facilities to serve grades kindergarten through five; (iv) <br /> financing the acquisition of 18 acres of vacant land and the construction and equipping of an <br /> approximately 115,000 square-foot school facility located at or about 7633 161"Avenue NW (the <br /> "New School Facilities") in the City, which will be leased to and operated by the Charter School <br /> as a public charter school for students in grades six through twelve; (v) providing for capitalized <br /> interest, if any, and funding any required reserve funds; and (vi) paying certain costs of issuance <br /> related to the issuance of the Obligations and the refunding of the Series 2013A Bonds <br /> (collectively, the "Project"). <br /> The Project will be owned by the Borrower and leased to and operated by the Charter <br /> School. <br /> The estimated maximum principal amount of the Obligations to be issued to finance the <br /> Project will be an amount not to exceed $43,000,000, with approximately $11,000,000 allocated <br /> to the Original School Facilities, and $32,000,000 allocated to the New School Facilities. <br /> The Obligations, if and when issued,will not constitute a charge, lien or encumbrance upon <br /> any property of the City, except the Project, and such obligations will not be a charge against the <br /> general credit or taxing powers of the City but will be payable from sums to be paid by the <br /> Borrower pursuant to a revenue agreement. <br /> A-1 <br /> 73342627v5 <br />