NOTICE IS HEREBY GIVEN that the City Council of the City of Bloomington, Minnesota (the “City”) will hold a public hearing on Monday, May 20, 2024, at or after 6:30 p.m. in Bloomington Civic Plaza’s Council Chambers, 1800 West Old Shakopee Road in the City, to consider a proposal that the City approve and authorize the issuance of one or more series of tax-exempt or taxable revenue obligations (the “Obligations”), pursuant to Minnesota Statutes, Chapters 462C and 474A, as amended (the “Act”), for the purposes of financing all or a portion of (i) the costs of the acquisition, construction, and equipping of an approximately 128-unit age-restricted multifamily housing development for occupancy by persons of low and moderate income and facilities functionally related and subordinate thereto to be located at or about 700 American Boulevard West in the City (the “Project”); (ii) any required reserve funds; (iii) capitalized interest during the construction of the Project; and (iv) the costs of issuing the Obligations. 700 American, LLLP, a Minnesota limited liability limited partnership, which is an affiliate, successor, or assign of SRPB Strategic Housing, LLC, a Minnesota limited liability company (collectively, the “Borrower”), will own and operate the Project. The aggregate principal amount of the proposed Obligations is estimated not to exceed $22,712,250.