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Notice of Public Hearing - City of Topeka - Midland Care Connection, Inc.

8/6/2020

NOTICE OF PUBLIC HEARING

 

            The City of Topeka, Kansas (the “City”) will hold a public hearing in the ECR Room on the third floor of City Hall, 215 SE 7th St., Topeka, KS, on August 13, 2020, commencing at 2:00 P.M., regarding the proposed issuance by the City of its health facilities revenue bonds in one or more series in the maximum aggregate principal amount of approximately $13,000,000, as part of a plan of finance for the purposes of (1) paying for all or a portion of the costs related to the acquisition, construction, improvement, extension, repair, equipping and furnishing of certain health facilities and related facilities for the benefit of Midland Care Connection, Inc. and its affiliates (the “Company”), including without limitation, for the Frazier campus, construction of a parking garage, renovation of existing interior spaces for the residential care center  creation of a retention pond and construction of a new main entrance (the “Frazier Campus Projects” – approximately $4,235,000, and miscellaneous capital improvements for the Company’s locations (together with the Hospice House Campus Projects and the Frazier Campus Projects, collectively, the “Projects”), (2) refunding all or any portion of the Health Care Facilities Refunding Revenue Bonds, Series 2013 (Midland Care Connection Inc.) previously issued by Shawnee County, Kansas for the benefit of the Company (the “Refunded Bonds” – approximately $2,365,000 outstanding principal), (3) refinancing certain outstanding loans and indebtedness (the “Refinanced Debt”) of the Company previously incurred to finance or refinance projects of the Company at its Westport Facility (approximately, $44,605,000 outstanding principal) and its Lawrence, Kansas Facility (approximately, $210,000 outstanding principal), and its Valley Falls, Kansas Facility (approximately, $600,000 outstanding principal), and (4) funding certain interest and paying certain costs of issuance.  The locations for the Projects and the facilities relating to the Refunded Bonds and the Refinanced Debt include the following (in certain cases such locations consisting of campuses which have multiple addresses): 120 and 200 SW Frazier Circle, 2134 SW Westport Drive, all in Topeka, Kansas, 319 Perry Street in Lawrence, Kansas, and 1509 Linn Street in Valley Falls, Kansas.  At the Company’s discretion, up to the entire maximum principal amount of the bonds may be allocated to any of the above described Projects and facilities to finance all, part, or none, of the capital expenditures at each location.  The Company may finance a portion of the Projects above with equity or other available funds in addition to proceeds of the bonds.  The Company will own and operate the facilities financed and refinanced with proceeds of the bonds.

 

As part of ongoing efforts to limit the spread of novel coronavirus in Kansas and in compliance with IRS Revenue Procedure 2020-21 limited in-person attendance will be allowed.  Interested individuals may attend and participate in the public hearing via conference call.  Please call 785-368-2575 to join the conference.

 

            The hearing will be open to the public.  All interested persons may attend the hearing and will have an opportunity to express their views with respect to the issuance of the bonds and the facilities financed or refinanced pursuant to the plan of finance for the bonds.  Written comments may also be submitted to the undersigned prior to the hearing. 

 

Dated: August 5, 2020

 

                                                                                    Brent Trout

                                                                                    City Manager

                                                                                    City Hall

                                                                                    215 SE 7th Street

                                                                                    Topeka, Kansas  66603