Notice of Public Hearing
NOTICE OF PUBLIC HEARING
FOR ISSUANCE OF qualified 501(c)(3) BONDS
BY THE WASHINGTON HEALTH CARE FACILITIES AUTHORITY
The Washington Health Care Facilities Authority (the “Authority”) will hold a public hearing using a toll free telephone number at the date and time designated below regarding the proposed issuance by the Authority of one or more of its qualified 501(c)(3) bonds, as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”), for hospitals or other health care facilities, in an original aggregate principal amount not-to-exceed $8,500,000 (the “Bonds”). The proceeds of the Bonds will be loaned to Community Health Center of Snohomish County (the “Borrower”), a Washington nonprofit corporation and a “501(c)(3) organization” (as defined in the Code), for the purpose of providing all or part of the funds necessary to:
(1) refinance all or a portion of the Authority’s Revenue Bond, Series 2013 (Community Health Center of Snohomish County), which financed the costs of the construction and equipping of a building and adjacent parking lot used by the Borrower for the provision of health care services primarily consisting of medical, dental and pharmacy services located at 23320 Highway 99, Edmonds; and
(2) finance the costs of construction, expansion and/or equipping of an existing health care facility owned and operated by the Borrower and located at 23320 Highway 99, Edmonds (not-to-exceed $4,500,000).
The health care facilities described above are located in the State of Washington. All facilities financed or refinanced by the proceeds of the Bonds are or will be owned by the Borrower.
A public hearing with respect to the proposed issuance of the Bonds will be held at 10:00 a.m. on July 2, 2020. In light of the COVID-19 public health crises, such public hearing is being conducted remotely, through the use of a telephone conference. All interested persons are invited to listen to, and participate in, the public hearing by calling into the teleconference using the toll-free number 1-855-929-3239 and entering conference code 3720 2330#. In order to facilitate registration of participants to the teleconference, it is requested that such persons call the above number no later than 9:55 a.m. (5 minutes before start time). Written comments can be submitted to the Authority via email at email@example.com, no later than 9:30 a.m. (30 minutes before start time) on the date of the public hearing.
Dated: June 24, 2020