PUBLIC NOTICE NOTICE OF HEAR...

PUBLIC NOTICE NOTICE OF HEARING CRAWFORD COUNTY HOSPITAL AUTHORITY The Crawford County Hospital Authority (the “Authority”) will conduct a public hearing on August 22nd, 2014, at 8:30 a.m., at the office of the Shafer Law Firm, 360 Chestnut Street, Meadville, Pennsylvania, 16335, to review the project described in this notice. ISSUER: Crawford County Hospital Authority, c/o Shafer Law Firm, 360 Chestnut Street, Meadville, Pennsylvania, 16335; attention: John C. Swick, Esq., Solicitor. OWNER/ BORROWER: Meadville Medical Center (“MMC”), 751 Liberty Street, Meadville, Pennsylvania, 16335, a Pennsylvania not-for-profit corporation which is exempt from federal income taxation as a 501(c)(3) corporation. PROJECT DESCRIPTION: The Authority will execute promissory notes and related documents in order to obtain financing which, together with other available funds, will provide funds to finance the costs of: (1) constructing, equipping and furnishing Phase 1 of MMC’s Vernon Mall project, consisting of an approximately 86,000 square foot medical office building located in the Township of Vernon, Crawford County, Pennsylvania; (2) reimbursing MMC for infrastructure expenditures relating to the New Facility; (3) refinancing certain indebtedness of MMC; and (4) paying all or a portion of the related financing costs. PROJECT LOCATION: Meadville Mall /K-Mart Plaza, located at Junction of Conneaut Lake Road (Route 322) & Route 19, Vernon Township, Crawford County, Pennsylvania. PROJECT COST: The Authority-funded project cost is not expected to exceed $30,000,000.00. NOTE ISSUE: Total project consists of four separate notes, including: (a) the Issuer’s Tax-Exempt Revenue Note, Series 2013A (Meadville Medical Center Project) in the amount of $7,000,000, which was originally issued December 30, 2013, and as amended (the “2013A Note”), as well as a Taxable Note, Series 2013B, which was originally issued December 20, 2013, as amended, in the amount of $3,000,000 (the “2013B Note”); and (b) the Issuer’s Tax-Exempt Revenue Note, Series 2014A (Meadville Medical Center Project), in the approximate amount of $10,000,000 (the “2014A Note”), as well as a Taxable Note, Series 2014B, in the approximate amount of $10,000,000 (collectively, the “Notes”). The Notes will be a limited obligation of the Authority and will not constitute a debt or a pledge of the taxing power of the County of Crawford, the Commonwealth of Pennsylvania, or any political subdivision thereof. PURPOSE OF NOTICE: This Notice is being given and the hearing will be held pursuant to the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended. Crawford County Hospital Authority 08/06/14