Immanuel Lutheran Bonds Affidavit of PublicationNO. 31019
CITY OF KALISPELL NOTICE
OF PUBLIC HEARING
NOTICE OF PUBLIC HEARING
WITH RESPECT TO THE ISSU-
ennanc,i ,g all or a portion of ine
ANCE OF CONDUIT REVENUE
outstanding Series 2017 Bonds;
BONDS FOR (I� REFINANCING
(ii) financing of the acquisition,
REVENUE BONDS PREVIOUS-
construction and equipping of
LY ISSUED FOR IMMANUEL
an additional building on the
LIVING AT BUFFALO HILL AND
(II) FINANCING OF IMPROVE-
STATE OF MONTANA Immanuel Living at Buffalo Hill
Campus specifically for indepen-
MENTS TO THE FACILITIES
denj senior living, which includes
LOCATED ON THE CAMPUS
OF IMMANUEL LIVING AT
approximately 39 loft -style apart -
FLATHEAD COUNTY ments and the related capital
BUFFALO HILL AND PAYING
improvements, including, but
RELATED COSTS
NOTICE IS HEREBY GIVEN
not AFFIDAVIT OF PUBLICATION ments,ia sky d to,bridge connection
that the City Council of the City
and dining hall renovations (the
of Kalispell, Montana (the "City")
"Lofts Project"); (iii) financing
will meet on April 7, 2025, at or
DARLENE TREWEEK BEING DULY capital renovations and improve -
after 7:00 p.m. in the Council
Chambers at City Hall, 201 First
ments to the Immanuel Living
SWORN, DEPOSES AND SAYS: THAT SHE IS TEat Buffalo Hill campus; (iv)
Avenue East, Kalispell, Mon-
LEGAL CLERK OF THE DAILY INTER LAKE A D,financing and installing of Wi-Fi
tana, for the purpose of holding
hearing to consider a
improvements to the facilities on
NEWSPAPER OF GENERAL CIRCULATION, PRI the Immanuel Living at Buffalo
a public
of finance
o pmorel
AND PUBLISHED IN THE CITY OF KALISPELL, I Hill Campus ((ii) through (iv) are
"2025
plane ancefortheone
series of tax-exempt and/or
referred to herein as the
COUNTY OF FLATHEAD, STATE OF MONTANA, Project"); (v) funding of certain
taxable conduit revenuebonds
"Series ac-
THAT NO. 31019 reserves and capitalized interest
for the Series 2025 Bonds; and
(the 2025 Bonds' in
the
(vi) financing of all or a portion
cordance with requirements
of the Montana Code Title 90
Chapter 5 Part 1, as amended,
of the costs of issuing the Series
LEGAL ADVERTISEMENT WAS PRINTED AND 2025 Bonds (including the City's
and the Internal Revenue Code
PUBLISHED IN THE REGULAR AND ENTIRE ISM administrative fee related to the
of 1986, as amended (the "Act").
The proceeds of the Series 2025
original issuance of the Series
SAID PAPER, AND IN EACH AND EVERY COPY 2025 Bonds).
Bonds, if issued, will be loaned
by the City to Immanuel Living at
THEREOF ON THE DATES Of CA At the public hearing, the City
n ' Council of the City will consider
Buffalo Hill, f/k/a Immanuel Lu-
r� granting approval to the issu-
theran Corporation of Kalispell,
ance of the Series 2025 Bonds
Montana, a Montana nonprofit
by the City for and on behalf of
corporation (the "Borrower"), the
AND THE RATE CHARGED FOR THE ABOVE the Borrower for the purposes
sole member/parent of which
is Immanuel Living, a Montana
set forth above. The Series 2025
PRINTING DOES NOT EXCEED THE MINIMUM Bonds will be special, limited
nonprofit corporation ("Immanuel
Living"). The Borrower owns and
GOING RATE CHARGED TO ANY OTHER obligations of the City payable
solely from the revenues of
operates an integrated senior
ADVERTISER FOR THE SAME PUBLICATION, the Borrower pledged to the
living continuum of care campus
SET IN THE SAME SIZE TYPE AND PUBLISHES payment thereof under the terms
(the "Immanuel Living at Buffalo
Hill Campus") in the City in and
of a loan agreement (or other
FOR THE SAME NUMBER OF INSERTIONS. revenue agreement) between
around 185 Crestlme Avenue
the City and the Borrower. The
and 40 Claremont Street that
Series 2025 Bonds will not be a
is currently comprised of: (i) a
general or moral obligation of or
155-bed licensed nursing home,
rehabilitation center, and memo-
be secured by the taxing power
9 � or any property or assets of the
ry care facility known as The Re-
-------- -- -� - City. The full faith, credit and
---
treat at Buffalo Hill, (the "Nursing
taxing power of the City are not
Facility"); (ii) an approximately
pledged to the payment of the
131-unit senior retirement
apartment facility comprised of
living units,
Subscribed and sworn to Series 2025 Bonds. The City,
the State of Montana, or any
o �j G-� thereof
senior independent
Before me this aQ�'L l (f c political subdivisions are
assisted living and memory care I
units known as The Terraces at
Buffalo Hill ("The Terraces°); (iii)
not obligated in any manner for
repayment of the Series 2025
Bonds.
36-units of independent living in
Anyone desiring to be heard
4��
villas known as The Villas (the
--- - -'-- - --- --- during the public hearing will be
"Villas") that are connected to i
Dorothtoss afforded an opportunity to do so.
The Terraces; and (iv) four inde
After the public hearing, the City
pendent senior living cottages
Council of the City will consider
known as The Cottages at Buffa-
to Hill (the "Cottages') adjacent
adoption of a resolution granting
Notary PUbIIC for the State Of Montana final approval to the issuance
to The Terraces.
The Borrower has requested that
Residing in Kalispell of the Series 2025 Bonds in
the City issue its conduit reve-
My commission expires 9/12/2025 order to finance the purposes
nue bonds in the approximate
aggregate principal amount not
described above.
Persons desiring additional
to exceed $100,000,000, in one
or more series of tax-exempt
information may contact the Cit
Clerk at 201 First Avenue East,
and/or taxable bonds at one time I
"Series
��v Cc DORO Kalispell, Montana or by calling
All
or from time to time (the
2025 Bonds'), the proceeds of
o �ONARiq� jp NOT, (406) 758-7756. persons
S interested may appear and be
which will be loaned by the City
to the Borrower. The Borrower
SEAL * Residint. heard at the time and place set
Nq �� My C forth above, or may file written
will apply the proceeds derived
rFOF141.7' Se{ comments with the City Clerk
from the Series 2025 Bonds
prior to the date of the hearing
to the following purposes: (i) I
r-
set forth above.
Aimee Brunckhorst, City Clerk
March 9, 16, 23, 2025
MNAXLP