Immanuel Lutheran Revenue Bonds Notice of Public Hearing Affidavit of PublicationI0.23215
XH BIT A
ORM OF NOTICE OF PUBLIC
FARING
ITY OF KALISPELL
OTICE OF PUBLIC HEARING
OTICE OF PUBLIC HEARING
flTH -RESPECT TO THE
3SUA'NCE OF REVENUE
EFUNDING BONDS FOR
E�FINANCING REVENUE
ONDS PREVIOUSLY ISSUED
OR IMMANUEL LUTHERAN
CORPORATION OF
ALISPELL, MONTANA AND
3SUANCE OF REVENUE
ONDS FOR THE FINANCING
iF IMPROVEMENTS TO THE
ACILITIES LOCATED ON THE
AMPUS OF IMMANUEL
UTHERAN CORPORATION
►F KALISPELL, MONTANA
OTICE IS HEREBY GIVEN
iat the City Council of the City
I Kalispell, Montana (the "City")
,ill meet on January 19, 2016,
t 7:00 p.m. in the Council
�hambers at City Hall, 201 First
venue East, Kalispell,
lontana, for the purpose of
olding a public hearing to
onsider the preliminary
pproval of the- issuance of one
r nlore series of tax-exempt
ndtl/or taxable revenue
%funding bonds and/or revenue
onds (the "Bonds") in
ccordance with the
e' r1 e# n# f he Mon.ta a.
r S Pa
r01
Inte
evenu4
e ode'of 198,6, as
mended (the "Act"). The
roceeds of the Bonds, if issued
dill be loaned by the City to
nrr�nuel Lutheran Corporation
[Kalispell, Montana, a Montana
onprofit- corporation (the
3orrower" ) . The Borrower owns
nd operates a 155-bed nursing
9
ome facility commonly known
s Immanuel Lutheran Home,
icated at 185 Crestline Avenue
i the City (the "Nursing
acility"), and a 112-unit senior
3tirement apartment facility
:)mmonly known as Buffalo Hills
errace (the "Housing Facility")
icated adjacent to the Nursing
acility at 40 Claremont Street in
to City. The Borrower will apply
ie proceeds derived from the
onds_to the following purposes:
V the redemption-_ana"
repayment of the Series 2010
odds; (ii) financing the costs of
ie installation, renovation.,
,,habilitation, and equipping of
stain capital improvements to
ie Housing Facility and the
ursing Facility consisting of (a)
inovation of the skilled nursing
lit wing of the Nursing Facility,
)) the construction and
quipping of 32 short term rehab
fits, (c) the construction and
juipping of 24 memory care
nits, and (d) certain
redevelopment costs for future
welopment of the Borrower's
impus in the City, including but
A limited to the I construction
id,equipping of 36 independent
3nior living apartments'
ollectively, the "201'6 Project" ).
[f) the .funding `of, s ertain
serves and capitalized interest
r the Bonds; (iv) the financing
or a, portion of the costs of
suing the Bonds (including the
ity s administrative fee related
At the public hearing, th
Councri of the City will cc
granting approval t
issuance of the Bonds l
City 1 for and on behalf
Borrower for the purpose
forth above.. The aggregai
amount of the Bonds prof
STATE OF MONTANA
to be, issued by the c
presently estimated r
FLATHEAD COUNTY
exceed $37,,000,000.
Bonds will be special, lii
sobligationsof the City pa
ely from the. revenues
AFFIDAVIT OF PUBLICATION
Borrower pledged tc
payment thereof under the
or ;
of:a; loan agreement tet,
TIARA ALKIRE BEING DULY
revenue agreement
the Cit and he borrower:
SWORN, DEPOSES AND SAYS-: THAT SHE IS THE
Bonds will not be a one
LEGAL CLERK OF THE DAILY INTER LAKE A
moral obligation. of or be se
by t;he taxing power e
DAILY NEWSPAPER OF GENERAL CIRCULATION,
property or assets,of the'
PRINTED AND PUBLISHED IN THE CITY OF
The fuU faith, credit and t
KALISPELL, IN THE COUNTY OF FLATHEAD,
of,,
power the City are
pledc'ed� to the payment c
BoThe
STATE OF MONTANA, AND THAT NO, 23215
p. Cit ,the Sty
M o n t a n _ r any p o f
subdivisions tnere�are
obligated in any manne
repayment of the Bonds.
Anyone desiring to be h
during the public hearing w
LEGAL ADVERTISMENT WAS PRINTED AND afforded an opportunity to d
PUBLISHED IN THE REGULAR AND ENTIRE ISSUE After the public ,hearing, the
Council of the, City will .con
OF SAID PAPER, AND IN EACH AND EVERY COPY "adoption of a resolution gra
THEREOF ON THE DATES OF December 13 , 20, 271 final approval to the issuan
2015, the Bonds. The aggregate
amount of the Bonds prop
to be issued by the Ci
presently estimated n
A $37 000 000
AND THE RATE CHARGED FOR THE ABOVE
excee .
PRINTING DOES NOT EXCEED THE MINIMUM
Persons desiring additi
GOING RATE CHARGED TO ANY OTHER
hi
information may contact Clerk at 201 First Avenue
ADVERTISER FOR THE SAME PUBLICATION,
Kalispell, Montana or by c
SET IN THE SAME SIZE TYPE AND PUBLISHED
(40inte) 75 ma56. All per
FOR THE SAME NUMBER
ER M OF INSERTIONS.
heard at the time and plat
forth above, or may file w
-,
comments with the City 1
prior to the date of the he
set forth above.
/s/ Aimee Brunckhorst
Subscribed and sworn to
Aimee Brunckhorst, CMC
Clerk
Before me this DecemberCity 28, 2015.
.
Dec. 13, 20, 27, 2015 r
Q::
MNAXLP
Dorothy I. Gle ross
Notary Public for the State of Montana
Residing in Kalispell
My commission expires 9/11/2017
DOROTHY I: � Ql„F;NGRO3S
NO'rARY PUB1,10 for the
' SEAL State of monLi- na
(OP, at Kalispell, Montana
My Commir?sEon �.xpir s
`��ofm September 11; 2017