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Notice of Public Hearing

NOTICE OF PUBLIC HEARING

FOR ISSUANCE OF TAX-EXEMPT SPECIAL FUND REVENUE BONDS BY

THE WASHINGTON HEALTH CARE FACILITIES AUTHORITY

The Washington Health Care Facilities Authority (the “Authority”) will hold a public hearing on July 11, 2019, at 9:00 a.m. at its office at 410 – 11th Avenue S.E., Suite 201, Olympia, Washington 98504, regarding the proposed issuance by the Authority of one or more series of tax-exempt Authority special fund revenue “qualified 501(c)(3) bonds,” as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”), in an original aggregate stated principal amount not to exceed $926,010,000 (the “Series 2019 Bonds”).

The Authority has previously issued bonds for the benefit of Catholic Health Initiatives, a Colorado nonprofit corporation (“CHI”), and its affiliates located in the State of Washington: Franciscan Health System (including the following operating divisions: St. Anthony Hospital, St. Francis Hospital, St. Joseph Medical Center and St. Clare Hospital), Enumclaw Regional Hospital Association, doing business as St. Elizabeth Hospital, Highline Medical Center and Harrison Medical Center, each of which is a Washington nonprofit corporation (collectively, the “Washington Affiliates”). Effective February 1, 2019, CHI and Dignity Health, a California nonprofit public benefit corporation (“Dignity Health”), aligned their respective health care ministries to create a single, Catholic, nonprofit health system (the “System”). CHI subsequently changed its name to CommonSpirit Health (“CSH”). All of such corporations are “501(c)(3) organizations” within the meaning of the Code.

The proceeds of the Series 2019 Bonds will be lent to either CSH or Dignity Health, and may be used (a) to finance, refinance, pay or reimburse the costs of the Projects listed below, including through the refinancing or acquisition financing of the Existing Debt described below; (b) to fund a debt service reserve fund for all or any portion of the Series 2019 Bonds; and (c) to pay costs of issuing the Series 2019 Bonds.

 The “Existing Debt” consists of all or a portion of: (1) the WASHINGTON HEALTH CARE FACILITIES AUTHORITY REVENUE BONDS, SERIES 2008A (Catholic Health Initiatives) comprising Series 2008A‑4, Series 2008A‑5 and Series 2008A‑6; (2) the WASHINGTON HEALTH CARE FACILITIES AUTHORITY REVENUE BONDS, SERIES 2008D (Catholic Health Initiatives); (3) the WASHINGTON HEALTH CARE FACILITIES AUTHORITY REVENUE BONDS, SERIES 2011A (Catholic Health Initiatives); and (4) the WASHINGTON HEALTH CARE FACILITIES AUTHORITY REVENUE BONDS, SERIES 2015A (Catholic Health Initiatives).

Any one or more of CSH, Dignity Health and/or the Washington Affiliates are or will be the initial legal owner and/or principal user of the projects to be financed and/or refinanced with the proceeds of the Series 2019 Bonds (collectively, the “Projects”). The Projects consist of the acquisition, construction, renovation, installation and equipping of real property (including land, hospital and clinic buildings, parking garages, office buildings, clinics, warehouses and other buildings) and personal property (including equipment and fixtures) useful for or associated with delivery of inpatient and outpatient health care services or support for such care, which are located at the following campuses and other locations, and which will be financed or refinanced by the maximum stated principal amounts of Series 2019 Bond proceeds listed below:

St. Joseph Medical Center, dba Franciscan Health System St. Joseph Hospital: Up to $202,000,000 at the medical center and the related land, parking surfaces, clinics and other buildings located on the medical center campus, bordered generally by S. 20th St. to the south, S. 15th St. to the north, S. Yakima Ave. to the east, and Martin Luther King Jr. Way to the west, at various addresses, including, but not limited to: 1617 S. J St., 1702 S. J St., 1717 S. J St., and 1812 S. J St., all in Tacoma, Washington;

St. Francis Hospital: Up to $100,500,000 at the hospital and the related land, parking surfaces, clinics and other buildings located on the hospital campus, bordered generally by S. 348th St. to the south, 9th Ave. S. to the east, 1st Ave. S. to the west, and S. 344th St. (US Postal Building) to the north, at various addresses, including, but not limited to: 34503 9th Ave. S. and 34515 9th Ave. S., all in Federal Way, Washington;

St. Clare Hospital (Lakewood): Up to $35,500,000 at the hospital and the related land, parking surfaces, clinics and other buildings located on the hospital campus, bordered generally by 112th St. SW to the north, Bridgeport Way SW to the west, Kendrick St. SW to the east, and 115th St. Ct. SW to the south, at various addresses, including, but not limited to: 11315 Bridgeport Way SW (hospital), 11307 Bridgeport Way SW (Specialty Center), 11311 Bridgeport Way SW (St. Clare Medical Pavilion) and 4908 112th St. SW (St. Clare Hospital Resource Center), all in Lakewood, Washington;

St. Anthony Hospital: Up to $192,000,000 at the hospital and the related land, parking surfaces, clinics and other buildings located on the hospital campus, bordered on the northwest side by Canterwood Blvd. NW and is bordered in all other directions by wetlands, at 11567 Canterwood Blvd. NW, Gig Harbor, Washington;

St. Elizabeth Hospital (formerly Enumclaw Regional Hospital), dba Franciscan St. Elizabeth Hospital: Up to $92,000,000 at the hospital and the related land, parking surfaces, clinics and other buildings located on the hospital campus, bordered generally by Adams Ave. to the south, Kibler Ave. to the north, Jensen St. to the east, and Cinkovich St. to the west, at 1455 Battersby Ave., Enumclaw, Washington;

Harrison Medical Center – Bremerton: Up to $11,000,000 at the medical center and the related land, parking surfaces, clinics and other buildings located on the medical center campus, bordered generally by Hickory St. to the south, Cherry Ave. to the west, Ash St. to the north, and the Madrona Trails City Park to the east, at 2520 Cherry Ave., Bremerton, Washington;

Harrison Medical Center – Silverdale: Up to $275,000,000 at the medical center and the related land, parking surfaces, clinics and other buildings located on the medical center campus, bordered generally by Ridgetop Blvd. NW to the south, NW Myhre Rd. to the west, and Highway 303 – NE Waaga Way to the north and east, at various addresses, including, but not limited to: 1780 NW Myhre Rd. and 1800 NW Myhre Rd., Silverdale, Washington; and

Highline Medical Center: Up to $11,000,000 at the medical center and the related land, parking surfaces, clinics, energy plant and other buildings located on the medical center campus, bordered generally by SW 160th St. to the north, 8th Ave. SW to the west, SW 164th St. and Sylvester Rd. SW to the south, and Sylvester Rd. SW to the east, at various addresses, including, but not limited to: 16251, 16255, 16259 and 16233 Sylvester Rd. SW and 16110 8th Ave. SW, all in Burien, Washington.

Franciscan Health Services:

Up to $10,000 at the Franciscan Service Center located at 1149 Market St., Tacoma, Washington.

Up to $5,000,000 at the Tacoma Financial Center located at 1144 Broadway, Tacoma, Washington.

Up to $2,000,000 at the Franciscan Educational Support Center located at 2420 S. State St., Tacoma, Washington.

The System reserves the right to allocate and reallocate the proceeds of Series 2019 Bonds to any of the locations set forth in this notice, notwithstanding the dollar amounts set forth herein.

All interested persons are invited to attend and testify at this hearing, or to submit written comments to the Authority at the above address to be received no later than the time of the hearing. The Authority is committed to providing equal access to individuals with disabilities, consistent with the Americans with Disabilities Act, as amended, and other state and federal laws prohibiting discrimination against individuals with disabilities. Anyone requiring an accommodation to participate in this hearing or to obtain information subject to this notice should contact the Authority, at least 24 hours prior to the time of the hearing, at (360) 753-6185.

Published July 3, 2019