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<br />, <br /> <br />.. <br /> <br />NOTICE OF PUBLIC HEARING ON THE ISSUANCE OF <br />SCHOOL FACILITIES REVENUE BONDS UNDER THE <br />MUNICIPAL INDUSTRIAL DEVELOPMENT ACT OF 1955 <br />(OAK GROVE LUTHERAN SCHOOL PROJECT) <br /> <br />NOTICE IS HEREBY GIVEN that the Board of County Commissioners of Cass County, <br />North Dakota, will meet on November 3,2008, beginning at 3:30 p.m. in the County Commission <br />Room, Cass County Courthouse, Fargo, North Dakota, for the purpose of holding a public hearing <br />on a proposal that the County issue revenue bonds under the Municipal Industrial Development Act <br />of 1955, Chapter 40-57, N.D.C.C., in order to finance the project described below. <br /> <br />The Project consists of the construction and equipping of a new health and wellness center <br />and renovation of Gorder Gymnasium on the campus of Oak Grove Lutheran School located at 123 <br />N. Terrace, Fargo, North Dakota (the "Project"). The Project will be owned and operated by Oak <br />Grove Lutheran School, a North Dakota nonprofit corporation. The amount of the proposed bond <br />issue is not to exceed $2,500,000. <br /> <br />The bonds shall be limited 0 bligations of the County payable solely from the revenue pledged <br />to the payment thereof. No holder of any such bonds shall ever have the right to compel any exercise <br />of the taxing power of the County to pay the bonds, or the interest thereon, nor to enforce payment <br />against any property of the County, <br /> <br />Oak Grove Lutheran School is engaged in providing elementary and secondary education and <br />competitors are hereby notified of that fact pursuant to Chapter 40-57, N.D.C.C. All persons <br />interested may appear and be heard at the time and place set forth above or may submit their views <br />in writing before the time specified for the public hearing. <br /> <br />Dated: October _ & _,2008. <br /> <br />BY THE ORDER OF THE BOARD OF <br />COUNTY COMMISSIONERS <br />