NOTICE OF PUBLIC HEARING CONCERNING THE ISSUANCE OF BONDS ON BEHALF OF THE EVANGELICAL LUTHERAN GOOD SAMARITAN SOCIETYNOTICE IS HEREBY GIVEN that the City of Luverne, Minnesota ("City"), will conduct a public hearing concerning the approval of the issuance of the Colorado Health Facilities Authority’s Health Facilities Revenue Bonds (The Evangelical Lutheran Good Samaritan Society Project) Series 2004 (the "Bonds"). Proceeds of the Bonds in an amount not to exceed $2,650,000 will be used (i) to finance the acquisition, construction, improvement and equipping of a 28 bed assisted living facility (the "Project") at Poplar Creek Estates, owned and operated by The Evangelical Lutheran Good Samaritan Society (the "Borrower") at 201 Oak Drive in the City, (ii) to establish a reserve fund, and (iii) to pay certain costs of issuing the Bonds. The Bonds, when issued, will be limited obligations of the Colorado Health Facilities Authority (the "Authority") and will not constitute a general obligation or indebtedness of the Authority, the State of Minnesota or any political subdivision thereof, including the City, nor will they be payable in any amount by taxation, but the Bonds will be payable solely and only from amounts received from the Borrower named above under a Loan Agreement, the obligation of which will be sufficient to pay the principal of, interest and redemption premium, if any, on the Bonds as and when they shall become due. All interested parties are invited to present comments at the public hearing regarding the issuance of the Bonds and the use of the proceeds therefrom. Written comments to be presented at the hearing may be submitted to the City, at 203 East Main Street, P.O. Box 659, Luverne, Minnesota 56156. The public hearing will be held at 5:00 p.m. on Tuesday, May 25, 2004 in the City Hall located at 203 East Main Street, Luverne, Minnesota 56156.(5-6)
