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 December 12, 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 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 a maximum stated principal amount not to exceed $40,000,000 (the “Bond”). The proceeds of the Bond will be loaned to Central Washington Health Services Association d/b/a Central Washington Hospital (“CWH”), Confluence Health (“Confluence”), and Wenatchee Valley Hospital (“WVH,” and together with CWH and Confluence, the “Borrowers”), each a Washington nonprofit corporation and a “501(c)(3) organization,” as defined in the Code, for the purpose of providing part of the funds necessary to finance, pay or reimburse the costs of the Projects listed below and to pay costs of issuing the Bond.
Any one or more of CWH, Confluence and/or WVH will be the initial legal owner and/or principal user of the projects to be financed with the proceeds of the Bond (collectively, the “Projects”). The Projects consist of the acquisition, construction, renovation, installation and equipping of real property (including land, buildings, and parking structures) 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 locations, and which will be financed by the maximum stated principal amounts of Bond proceeds listed below:
Up to $32,292,494 for Projects located on the CWH campus, bordered generally by Red Apple Road to the north, Fuller Street to the east, Brookside Way to the south, and S. Miller Street to the west, at 1201 S. Miller Street, Wenatchee, Washington 98801; and
Up to $7,707,506 for Projects located on the WVH campus, bordered generally by 9th Street to the northwest, North Chelan Avenue to the northeast, Seventh Street to the southeast, and N. Emerson Avenue to the southwest, at 820 N. Chelan Ave., Wenatchee, Washington 98801.
To the extent permitted by applicable law, the Borrowers reserve the right to allocate and reallocate proceeds of the Bond 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: December 4, 2019