COPY OF NOTICE OF PUBLIC HEARING PUBLISHED IN THE LANCASTER NEWSPAPER ON JUNEF 22, 2023
Notice is hereby given that on Thursday, June 29, 2023, at 9:30 a.m., Eastern Time, a public hearing will be held with respect to the proposed issuance of tax-exempt revenue bonds, in an estimated aggregate principal amount of Thirty Million Seven Hundred Twenty-Five Thousand Dollars ($30,725,000) (the "Bonds"), to finance a portion of the costs of the projects described below. The public hearing will be held by teleconference and is being held pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code").
NOTICE IS HEREBY GIVEN THAT, AS PERMITTED BY THE CODE AND THE REGULATIONS PROMULGATED THEREUNDER, THE PUBLIC HEARING WILL BE HELD REMOTELY. PERSONS DESIRING TO EXPRESS THEIR VIEWS ON THE PROCESS SHOULD FOLLOW THE INSTRUCTIONS CONTAINED BELOW IN THIS NOTICE.
- Initial Owner/Operator: Presbyterian Senior Living, 1 Trinity Drive, Suite 201, Dillsburg, PA, 17019, a Pennsylvania nonprofit corporation, and/or affiliates thereof ("PHI").
- Estimated Maximum Principal Amount of Bonds: The estimated maximum principal amount of Bonds, to be issued as qualified 501(c)(3) bonds under the Code, is $30,725,000, the proceeds of which will be used to finance costs of: (a) the Capital Projects (as defined and described below), and (b) paying costs of issuance associated with the issuance of the Bonds.
- Description of the Capital Projects: The "Capital Projects" consist of various capital expenditures and improvements including renovations, restorations, expansions, upgrades, alterations, repairs, capital equipment and furnishing acquisitions and construction of general capital improvements to or for the facilities at the locations identified below.
- Locations of Capital Projects: The Capital Projects are or will be located at the existing retirement communities and related facilities (or portions thereof) owned and/or operated by PHI at the following locations/addresses in the Commonwealth of Pennsylvania. The estimated maximum principal amount of proceeds of the Bonds to be used at each location/address is indicated below. Although the total of the maximum allocated proceeds of Bonds in all locations is more than $30,725,000, the maximum principal amount of the Bonds to be issued is not expected to exceed $30,725,000.
Location, Maximum Allocated Proceeds
-Grace Manor - 580 North Ninth Street, Indiana, PA 15701-1228 , $200,000
-Green Ridge Village - 210 Big Spring Road, Newville, PA 17241-9486 $6,500,000
-Kirkland Village - One Kirkland Village Circle, Bethlehem, PA 18017-3846, $8,150,000
-Presbyterian Homes Williamsport - 810 Louisa Street, Williamsport, PA 17701-3098 , $515,000
-Presbyterian Village Hollidaysburg - 220 Newry Street, Hollidaysburg, PA 16648, $2,000,000
-Quincy Village - 6596 Orphanage Road, Waynesboro, PA 17268-7801, $3,100,000
-St. Andrew’s Village - 1155 Indian Springs Road, Indiana, PA 15701-3494, $2,400,000
-The Long Community - 600 East Roseville Road, Lancaster, PA 17601, $720,000
-Westminster Woods Huntingdon - 360 Westminster Drive, Huntingdon, PA 16652 , $1,375,000
-Pine Run Village - 777 Ferry Road, Doylestown, PA 18901, $4,000,000
-Mark H. Kennedy Park – 108 Pine Avenue, St. Clairsville, OH 43950-9739, $500,000
-Westminster Village Dover – 1175 McKee Road, Dover, DE 19904-2268, $3,200,000
Additional information can be obtained through PHI at the above address on any regular business day between 8:30 a.m. and 4:00 p.m., prevailing time.
It is requested that interested parties planning to attend remotely and speak at the hearing contact PHI prior to June 28, 2023. PERSONS DESIRING TO PARTICIPATE IN THE PUBLIC HEARING AND/OR EXPRESS VIEWS DURING THE PUBLIC HEARING MAY DO SO BY: (1) DIALING INTO THE HEARING USING THE FOLLOWING TOLL-FREE TELEPHONE NUMBER: DIAL 888-475-4499, THEN ENTER ACCESS CODE