Legal Notices

NOTICE OF PUBLIC HEARING BY THE WEST VIRGINIA HOSPITAL FINANCE AUTHORITY REGARDING THE REFINANCING OF CERTAIN HEALTH CARE FACILITIES WITH THE PROCEEDS OF TAX-EXEMPT BONDS NOTICE IS HEREBY GIVEN to all interested persons that the West Virginia Hospital Finance Authority (the “Authority”) is holding a public hearing with respect to the issuance by the Authority of its revenue refunding bond (the “Series 2023 Bond”), in an aggregate principal amount not exceeding $16,510,000, for the purpose of making a loan to Hampshire Memorial Hospital, Inc., a nonprofit corporation organized and existing under the laws of the State of West Virginia (“Hampshire Memorial”). Proceeds of the Series 2023 Bond will be used (i) to refund the Authority’s outstanding Taxable Hospital Revenue Bond (Valley Health System Obligated Group), Series 2020 (the “Series 2020 Bond”), issued on August 26, 2020, in the original aggregate principal amount of $17,170,000, and (ii) to pay certain expenses incurred in connection with the authorization, issuance and sale of the Series 2023 Bond. The Series 2020 Bond was issued (i) to refund the Authority’s outstanding Hospital Revenue Refunding Bonds (Valley Health System Obligated Group), Series 2014 (the “Series 2014 Bonds”), issued on October 7, 2014, in the original aggregate principal amount of $19,080,000, and (ii) to pay certain expenses incurred in connection with the authorization, issuance and sale of the Series 2020 Bond. The Series 2014 Bonds were issued (i) to refund the Authority’s outstanding Hospital Revenue Bonds (Valley Health System Obligated Group), Series 2009 (the “Series 2009 Bonds”), issued on December 17, 2009, and (ii) to pay certain expenses incurred in connection with the authorization, issuance and sale of the Series 2009 Bonds. The Series 2009 Bonds were issued for the purpose of providing funds, together with other available funds, (i) to pay, or reimburse Hampshire Memorial for paying, the cost of (A) the construction and equipping of a new hospital facility in Romney, West Virginia (the “Replacement Hospital”), to replace Hampshire Memorial’s then current hospital facility, and (B) the acquisition of a 50-acre parcel of land for the Replacement Hospital (the “Replacement Hospital Campus,” and, collectively with the Replacement Hospital, the “2009 Project”), and (ii) to pay certain expenses incurred in connection with the authorization, issuance and sale of the Series 2009 Bonds. The Replacement Hospital consists of approximately 65,000 square feet of space on two floors above ground and one floor below ground, including areas for, among other things, outpatient services, emergency services, and inpatient services, and houses approximately 14 acute care beds and approximately 30 long-term care beds. The address of the 2009 Project is 363 Sunrise Boulevard, Romney, West Virginia 26757. The 2009 Project is owned and operated by Hampshire Memorial, whose sole corporate member is Valley Health System, a Virginia nonstock, nonprofit corporation, whose offices are located in Winchester, Virginia. All references in the foregoing to acreage, footage, beds, units and similar quantitative measurements are approximations. Please take notice that the Chairman of the Authority, or his designee, will hold a public hearing on Friday, September 15, 2023 in Conference Room 4Q at the law offices of Bowles Rice LLP, 600 Quarrier Street, Charleston, West Virginia, commencing at 12:00 noon, local time, at which time any person may be heard regarding the issuance of the Series 2023 Bond. Written comments may also be submitted to the Authority at Box 2, Suite B100B, Albert T. Summers Center, 1124 Smith Street, Charleston, WV 25301, to the attention of the Chairman of the Authority, to arrive prior to such public hearing being held on Friday, September 15, 2023, at noon. LC-159269 09-08;2023