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, EXHIBIT A NOTICE OF PUBLIC HEARING ON THE PROPOSED ISSUANCE OF REFUNDING REVENUE BONDS UNDER MINNESOTA STATUTES CHAPTER 462C RELATING TO A MULTIFAMILY HOUSING DEVELOPMENT THE CITY OF NEW BRIGHTON, MINNESOTA NOTICE IS HEREBY GIVEN that the City Council of the City of New Brighton, Minnesota (the "City") will meet on Tuesday, May 25,1993 at 7:30 p.m. at City Hall, 803 - 5th Avenue North West, New Brighton, Minnesota, for the purpose of conducting a public hearing on the proposed issuance by the City of refunding revenue bonds of the City to refund the City's outstanding Multifamily Housing Revenue Bonds, Series 1985 (Brightondale Residence Project) issued in the original aggregate principal amount of $4,500,000 (the "Series 1985 Bonds"). The proceeds of the Series 1985 Bonds were used to finance the acquisition, construction and equipping of a multifamily rental housing development located in the City at 2700 Rice Creek Road (the "Project"). The proceeds of the proposed bonds will be loaned to G & P Properties, Inc., a Minnesota corporation. The size of the bond issue proposed for the purpose of refunding the Series 1985 Bonds is presently estimated not to exceed $3,500,000. The bonds shall be limited obligations of the City and the bonds and interest thereon shall be payable solely from the revenues pledged to the payment thereof, except that such bonds may be secured by a mortgage and other encumbrance on the Project. No owner of any such bonds shall ever have the right to compel any exercise of the taxing power of the City to pay the bonds, or the interest thereon, nor to enforce payment against any property of the City except the Project. All persons interested may appear and be heard at the time and place set forth herein. Dated: April 27, 1993 BY ORDER OF THE CITY COUNCIL OF THE CITY OF NEW BRIGHTON"MINNESOTA By c~~surer LmS2460 NE136-102 A-l