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For Immediate Release: June 1, 2021

ST. PAUL, MN - The Minnesota Higher Education Facilities Authority (MHEFA) and Voom Creative are proud to announce that the MHEFA website, www.mnhefa.org, is a Hermes Award Gold Winner. The Hermes Creative Awards is an international award for creative professionals who bring the industry’s best ideas to life through traditional and digital platforms.

MHEFA and Voom Creative worked closely to design a comprehensive website, linking all areas of MHEFA operations into an integrated and fully featured experience. The website focuses on material for investors, information about the MHEFA’s borrowing process, and recent news/reports for the general public.

“This new website reflects the vison of the Authority, allowing us to grow our information resources, enhance service to our borrowers, as well as to other parties interested in our activity. In collaboration with Voom Creative, we are honored to receive this award,” said Barry W. Fick, Executive Director of MHEFA. “Being innovative with our online presence is a top priority and this reward reflects our efforts, especially as we celebrate our 50th Anniversary this year.”

“We are so proud to have helped the Authority bring this site to life in a creative way that met their objectives,” said Melissa McGath, Principal and Founder of Voom Creative in a press release. “This was a tremendously fun project, and we are honored to see it recognized.”

During MHEFA’s 33rd Annual Conference held on April 21, 2021, Voom Creative discussed the design and innovative process used to create the website with MHEFA. A detailed presentation and the entire recording of the conference can be found on the Authority’s website here.

For more information:

Barry W. Fick, Executive Director, MHEFA

bwf@mnhefa.org

(651) 296-4690

For Immediate Release: May 10, 2021

ST. PAUL, MN — The Minnesota Higher Education Facilities Authority (MHEFA) announces it is offering approximately $22 million of Saint John’s University Revenue Bonds, Series 2021 on or about Tuesday, May 18, 2021. The bonds will be offered via negotiated sale through RBC Capital Markets. The Municipal Advisor is Baker Tilly Municipal Advisors LLC. 

“This bond sale will provide financing for improvements to the Saint John’s landscape which will include new townhouse-style residence halls, Science Center renovations, other campus building renovations, and a pedestrian foot bridge connecting the upper and lower campus.  For Saint Johns’ students, most of whom live on campus throughout their University experience, these improvements will enhance student life. We anticipate a successful bond sale and are confident the University’s strong bond rating of A2 (Moody’s Investors Service) shows the University’s fiscal stability and will prove attractive to investors,” said Barry W. Fick, Executive Director of MHEFA.

Saint John’s University (for men), along with the nearby College of Saint Benedict (for women) are nationally recognized liberal arts colleges distinguished by a singular, undergraduate experience. Their partnership gives students the opportunities of a large university while retaining the close personal attention of a premier liberal arts college.

Set amid 2,700 acres of varied terrain, the Saint John's campus is remarkable in its natural beauty. It includes wetlands, several lakes, an oak savanna, a restored prairie, and hiking trails that wind through an extensive pine and hardwood forest. In addition to its recreational value, the landscape inspires spiritual and artistic reflection and fosters the Benedictine traditions of land stewardship, education, and environmental respect.

A Preliminary Official Statement has been released and is available at www.mnhefabonds.com. The Minnesota Higher Education Facilities Revenue Bonds, Series 2021 (Saint John’s University) are rated “A2” by Moody’s. 

MHEFA assists institutions of higher education within the State in the construction and financing of capital projects. MHEFA has issued bonds totaling over $3.1 billion, of which approximately $964 million is outstanding.  Bonds issued by MHEFA are payable only from the loan repayments made by the borrowing school.  MHEFA bonds do not represent or constitute a debt or pledge of the faith or credit or moral obligation of the State of Minnesota. MHEFA has no taxing power.

For more information:

Barry W. Fick, Executive Director, MHEFA

bwf@mnhefa.org

(651) 296-4690

NOTICE IS HEREBY GIVEN that a public hearing will be held by the Minnesota Higher Education Facilities Authority (the “Authority”) with respect to a proposal to issue revenue bonds or other obligations on behalf of Saint John’s University (the “Corporation”), a Minnesota nonprofit corporation, as owner and operator of Saint John’s University (the “Institution”), at the Authority’s offices at Suite 450, 380 Jackson Street, St. Paul, Minnesota, on Wednesday, April 21, 2021, at 2:00 p.m. Under the proposal, the Authority would issue its revenue bonds or other obligations, which will be qualified 501(c)(3) bonds, in an aggregate original principal amount not to exceed $25,000,000 to finance projects generally described as (i) the acquisition, construction and equipping of a new 96-bed townhouse style student residence facility; (ii) renovation and upgrades to Peter Engel Science Center; (iii) renovation of the first floor and third floor of Wimmer Hall; (iv) construction of a pedestrian bridge connecting the lower campus and upper campus; and (v) capital improvement and renovation projects, including a student center (Sexton Commons) and student residence facilities (Saint Thomas Aquinas Hall and Saint Mary Hall) (collectively, the “Projects”), and to fund costs of issue. The Projects are or will be owned or leased and operated by the Corporation, and located on the Institution’s main campus in Collegeville, Minnesota.

The Authority’s meeting and public hearing on April 21, 2021, will be conducted by telephone or other electronic means in accordance with Minnesota Statutes, Section 13D.021. Members of the public may attend the meeting in person or via telephone by calling toll-free 1‑877‑978-6969; Access Code 474-257-269#. Some members of the Authority may participate by telephone or other remote means.

Written comments may be sent by regular mail to the attention of the Operations Manager at the offices of the Authority, 380 Jackson Street, Suite 450, Saint Paul, Minnesota 55101, or emailed to info@mnhefa.org or sent by facsimile to (651) 297-5751. Anyone requiring an accommodation consistent with the Americans with Disabilities Act should contact the Authority at (651) 296-4690 at least 48 hours in advance of the meeting to arrange for any necessary accommodations.

For additional information on such public hearing, see the Notice of Public Hearing – St. John’s University, on the Authority’s website: mnhefa.org – Recent News.

By Order of the

Minnesota Higher Education Facilities Authority

Barry W. Fick, Executive Director