PUBLIC HEARING NOTICE ON THE PROPOSED ISSUE OF REVENUE AND REIMBURSEMENT OBLIGATIONS FOR HEALTH ESTABLISHMENTS BY THE VIRGINIA SMALL BUSINESS FINANCING AUTHORITY | Legal notices

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PUBLIC HEARING NOTICE ON THE PROPOSED ISSUE OF HEALTH FACILITIES REVENUE AND REIMBURSEMENT OBLIGATIONS BY THE SMALL BUSINESS FINANCING AUTHORITY OF VIRGINIA ON BEHALF OF THE KING’S DAUGHTERS HOSPITAL, INCORPORATED, L CHILDREN’S HEALTH AND HEALTH ADVISORY, INC. since the Virginia Small Business Financing Authority (the “VSBFA”), whose address is 101 N. 14th Street, 11th Floor, Richmond, Virginia 23219, will hold a public hearing on the request of the Girls’ Children’s Hospital du Roi, Incorporated (“CHKD”), Children’s Health System, Inc. (“CHS”) and Children’s Health Foundation, Inc. (“CHF”) (collectively, the “Obligated Group”), each being a company with a business address principal at 601 Children’s Lane, Norfolk, Virginia 23507. The obligated group requested that the VSBFA issue, in accordance with the Virginia Small Business Financing Act (the “Act”), the income of health facilities a nd to repay obligations of a principal amount not exceeding $ 100,000,000 (the “Bonds”), in one or more series and on more than one occasion, to finance or refinance costs associated with projects (collectively, the “Projects” identified below ). The VSBFA will lend the proceeds of the Bonds to or on behalf of the Obligated Group to (a) finance certain costs related to (i) the construction and equipment of an installation of approximately fourteen (14) floors of approximately 350,000 square feet (“Medical Tower II”) to provide outpatient, outpatient and inpatient behavioral health services to children in the Hampton Roads area, located at 401 Gresham Drive, Norfolk, Virginia 23507; (ii) the expansion and improvement of an existing building of approximately 62,583 square feet to include a new 2250 square foot oral maxillofacial surgery (OMFS) clinic (the “Concert Drive Health and Surgery Center”) to provide pediatric oral surgery services to children in the Hampton Roads area, located at 2021 Concert Drive, Virginia Beach, Virginia 23456; and (iii) current capital expenditures at The King’s Daughters Children’s Hospital (Main Hospital) (the “Main Hospital”), located at 601 Children’s Lane, Norfolk, Virginia 23507; (b) refinance the obligations of the Obligé Group related to the income and repayment obligation of $ 76,400,000 of The King’s Daughters Children’s Hospital (VSBFA, Incorporated Project), 2012 series (the “2012 Obligation”) ; and (c) finance a reserve fund for the debt service, if any, on the Bonds, the capitalized interest, if any, on the Bonds and the issue costs related to the issue of the Bonds, the working capital and other related costs. The 2012 bond refinanced the bonds of the obligated group linked to the variable rate tax-exempt income and repayment obligations of the VSBFA (Hôpital pour enfants des filles du roi, incorporated project), 2006 series, which financed or refinanced the costs incurred by the obligated group related to (i) the acquisition, construction, renovation, expansion and equipment of the Main Hospital and an adjacent parking lot on Raleigh Avenue for an amount of $ 55,042,116, ( ii) the acquisition and construction of healthcare facilities, located at 905 Redgate Avenue, Norfolk, Virginia 23507, in the amount of $ 1,093,800, (iii) the acquisition and construction of healthcare facilities, located at 11783 Rock Landing Drive, Newport News, Virginia 23606, in the amount of $ 6,113,769, (iv) the acquisition, construction and equipment of the Health and Surgery Center Center Concert Drive in the amount of $ 10,698,643 (v ) the acquisition, construction and equipment of a multi-sp Specialties, located at 500 Disc overy Drive, Chesapeake, Virginia 23320, for an amount of $ 1,353,002, and (vi) the acquisition of certain unimproved properties of approximately 10.6 acres, located on Holland Road in Virginia Beach, Virginia 23462, for an amount of $ 2,098,670. The main user of the projects will be CHKD. The Bonds will be issued as qualifying 501 (c) (3) bonds as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”), to the benefit of the Bond Group which operates a children’s health system at several campus sites. The projects are and will be used by the obligated group in an integrated operation for the delivery of child health care and related administrative activities on multiple campuses. The maximum principal amount of Bonds issued to finance “new money” projects at the Medical Tower II and the Main Hospital will not exceed $ 39,500,000, the maximum principal amount of Bonds issued to finance “new money” projects. At the Drive Health and Surgery Center Concert will not exceed $ 1,500,000 and the maximum principal amount of Bonds issued in connection with the 2012 Bond refinancing will not exceed $ 59,000,000. As required by law, the Bonds will not pledge the faith or credit or power of taxation of the Commonwealth of Virginia or any political subdivision thereof, including the VSBFA, and will be payable only from income from the Obliged Group and promised for this purpose. The public hearing, which may be continued or adjourned, will be held on October 12, 2021 at 12 noon, by the VSBFA, at 101 N. 14th Street, 11th Floor, Richmond, Virginia 23219. Anyone interested in the issuance of the Bonds or Projects may appear and be heard. A copy of the Forced Group application documents may be inspected at the VSBFA offices at 101 N. 14th Street, 11th Floor, Richmond, Virginia 23219 during business hours. This notice is published and the public hearing is held by or on behalf of the VSBFA as the issuer of the revenues and reimbursement obligations of the proposed health facilities, as required by Article 147 (f) of the Code and the regulations promulgated thereunder. THE VIRGINIA SMALL BUSINESS FINANCING AUTHORITY


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