1. MIDA bond-Essentia Health
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1. MIDA bond-Essentia Health
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EXHIBIT A <br /> CASS COUNTY, NORTH DAKOTA <br /> NOTICE OF PUBLIC HEARING ON A PROPOSED PROJECT AND THE <br /> ISSUANCE OF REVENUE BONDS UNDER THE MUNICIPAL <br /> INDUSTRIAL DEVELOPMENT ACT OF 1955,NORTH DAKOTA <br /> CENTURY CODE, CHAPTER 40-57 <br /> NOTICE IS HEREBY GIVEN pursuant to Section 147(f) of the Internal Revenue Code <br /> of 1986, as amended (the "Code") and Sections 40-57-04 and 40-57-04.1 of the Municipal <br /> Industrial Development Act of 1955, North Dakota Century Code, Chapter 40-47 (the "Act") <br /> that the Board of County Commissioners of Cass County, North Dakota (the "County") will <br /> meet on Monday, June 16, 2014, at 3:30 p.m. in the County Commission Room in the Cass <br /> County Courthouse located at 211 Ninth Street South, Fargo, North Dakota, for the purpose of <br /> holding a public hearing on a proposal that the County issue revenue bonds or notes, whether <br /> taxable or tax exempt, in one or more series (the "Bonds") under the Act and Sections 103 and <br /> 145 of the Code to finance the costs of a proposed project described as constructing and <br /> equipping a 125,000 square foot expansion to the in-patient hospital facilities located at 3000 — <br /> 32nd Avenue South, Fargo, North Dakota, and related remodeling, in order to provide improved <br /> and enhanced diagnostic, treatment, registration and dietary services (the "Project") and to <br /> finance the costs of issuing the Bonds. <br /> The maximum aggregate principal amount of the Bonds to be issued for the Project is not <br /> expected to exceed $50,000,000, and will include other costs allowed under Section 40-57-07 of <br /> the Act not financed by other sources, including a portion of the costs of issuance of the Bonds. <br /> The proposed Project is owned and operated by Innovis Health, LLC, the sole member of <br /> which is Essentia Health, a Minnesota nonprofit corporation (the "Corporation"). <br /> The Bonds shall be limited obligations of the County, and the Bonds and interest thereon <br /> shall be payable solely from the revenue pledged to the payment thereof and may be secured by a <br /> pledge, guaranty, mortgage or other encumbrances on the subject property. No holder of the <br /> Bonds shall ever have the right to compel any exercise of the taxing power of the County or the <br /> State of North Dakota (the "State") to pay the Bonds, or the interest thereon, nor to enforce <br /> payment against any property of the County or the State except money payable by the <br /> Corporation and pledged to the payment of the Bonds. <br /> As required by the Act, notice is hereby given that the Project may compete with existing <br /> enterprises. <br /> All persons interested may appear and be heard at the time and place set forth above, or <br /> may file written comments with the County Auditor prior to the date of the hearing set forth <br /> above. <br /> BY ORDER OF THE COUNTY <br /> Michael Montplaisir, County Auditor <br />
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