Notice of Public Hearing
NOTICE OF PUBLIC HEARING
FOR ISSUANCE OF QUALIFIED 501(C)(3) BOND 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 pursuant to a plan of finance by the Authority of a tax-exempt special fund revenue “qualified 501(c)(3) bond,” as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”), in one or more series, in an original aggregate stated principal amount not to exceed $7,948,100 (the “Bond”).
The proceeds of the Bond will be loaned to NEW Health Programs Association (“NEW Health”), a Washington nonprofit corporation and a “501(c)(3) organization,” as defined in the Code, and will be used (a) to finance, pay or reimburse the costs of the Project described below; and (b) to pay costs of issuing the Bond.
NEW Health will be the initial legal owner and/or principal user of the project to be financed with the proceeds of the Bond (the “Project”). The Project consists of the acquisition, construction, installation, expansion and equipping of health care facilities, including real property (including land, buildings, parking surfaces and facilities and other structures) and personal property (including equipment and fixtures), used or useful in connection with NEW Health’s provision of integrated health care services, including primary care medical, pharmacy, behavioral health, and specialty services. The Project includes acquisition and construction of a new, approximately 20,000 square-foot medical clinic building, together with outdoor site work including landscaping and new parking facilities. The Project will replace, and will be located on land adjacent to, NEW Health’s existing medical clinic facilities at its Colville, Washington campus, which existing facilities currently have an address of 358 N Main Street, Colville, Washington 98114. The Project will be located between 4th Avenue (to the north), 3rd Avenue (to the south), Oak Street (to the east) and Main Street (to the west) in Colville.
The Project will be financed with Bond proceeds in the maximum stated principal amount of $7,948,100.
A public hearing with respect to the proposed issuance of the Bond will be held at 10:00 a.m. Pacific Time on March 8, 2022. In light of the COVID-19 public health crisis, such public hearing will be 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 firstname.lastname@example.org no later than 9:30 a.m. Pacific Time (30 minutes before start time) on the date of the public hearing.
Dated: February 23, 2022