• NOTICE OF PUBLIC HEARING FOR ISSUANCE OF TAX-EXEMPT SPECIAL FUND REVENUE BONDS BY THE WASHINGTON HEALTH CARE FACILITIES AUTHORITY

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 November 28, 2017, at 9:00 a.m. at its office at 410 - 11th Avenue S.E., Suite 201, Olympia, Washington 98504, regarding the proposed issuance of tax-exempt Authority special fund revenue bonds in one or more series in an original aggregate principal amount not to exceed $275,000,000 (the Bonds). The proceeds of the Bonds will be loaned to Overlake Hospital Medical Center (the Hospital), a Washington nonprofit corporation and a 501(c)(3) organization, for the purpose of providing all or part of the funds necessary (a) to finance or reimburse the Hospital for the costs of acquiring, constructing, remodeling, renovating, equipping and improving certain health care facilities; (b) to refund and defease all of the WASHINGTON HEALTH CARE FACILITIES AUTHORITY REVENUE BONDS, SERIES 2010 (Overlake Hospital Medical Center) (the Series 2010 Bonds); and (c) to pay costs of issuing the Bonds.
The Series 2010 Bonds were previously issued by the Authority for the purpose of providing part of the funds necessary (a) to pay the costs of refunding, on a current basis, the WASHINGTON HEALTH CARE FACILITIES AUTHORITY REVENUE BONDS, SERIES 2005C-1 (Overlake Hospital Medical Center) and WASHINGTON HEALTH CARE FACILITIES AUTHORITY REVENUE BONDS, SERIES 2005C-2 (Overlake Hospital Medical Center) (collectively, the Series 2005C Bonds); (b) to pay or reimburse the Hospital and Overlake Hospital Association for the costs of acquiring, remodeling, renovating, equipping and re-equipping in-patient and out-patient health care facilities and related administrative facilities; (c) to fund a deposit to a debt service reserve for the Series 2010 Bonds and certain related obligations; and (d) to pay costs of issuing the Series 2010 Bonds.
The Series 2005C Bonds were previously issued by the Authority for the purpose of providing part of the funds necessary (a) to pay the costs of constructing, remodeling, renovating and equipping hospital and related health care facilities; (b) to fund a deposit into a debt service reserve for the Series 2005C Bonds and certain related obligations; (c) to pay a portion of the interest on the Series 2005C Bonds during construction; (d) to pay the fees for credit enhancement for the Series 2005C Bonds; and (e) to pay other costs incurred in the issuance of the Series 2005C Bonds.
The facilities to be financed or refinanced with proceeds of the Bonds are located at the following addresses:


1035 116th Avenue NE
Bellevue, Washington 98004
1135 116th Avenue NE
Bellevue, Washington 98004
1120 112th Avenue NE
Bellevue, Washington 98004
5728 E. Lake Sammamish Pkwy.
Issaquah, Washington 98029


The Hospital is or will be the initial owner or operator of all facilities to be financed or refinanced with proceeds of the Bonds.
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 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.
PostedNovember 13, 2017