Exhibit "A"
<br />NOTICE OF PUBLIC HEARING
<br />NOTICE is HEREBY GIVEN that a public hearing will be held by the Board of County
<br />Commissioners of Indian River County, Florida (the "Board") on Tuesday, December 17, 2024 at
<br />9:00 a.m. in the County Commission Chambers located on the first floor of Building A of the
<br />County Administrative Complex, 1801 27th Street, Vero Beach, Florida 32960, regarding a plan
<br />by the Orange County Health Facilities Authority to issue its Hospital Revenue Bonds (Orlando
<br />Health Obligated Group) in an aggregate principal amount not to exceed $200,000,000 with
<br />respect to the facilities in Indian River County, Florida described in this notice, in one or more
<br />series over the longest period permitted by law. The proceeds of the bonds issued under such plan
<br />(the "Bonds") will be loaned to Orlando Health, Inc., Inc., a Florida not-for-profit corporation
<br />("Orlando Health"), and used to (a) currently refund all or a portion of the outstanding Orange
<br />County Health Facilities Authority Taxable Hospital Revenue Bonds (Orlando Health Obligated
<br />Group), Series 2024B, issued in the original principal amount of $439,000,000, the proceeds of
<br />which were used to finance, refinance, or reimburse the costs of acquiring certain hospital and
<br />health care facilities at the locations listed below, (b) provide one or more debt service reserve
<br />funds for the benefit of all or a portion of the Bonds, if deemed necessary or desirable, (c) pay a
<br />portion of the interest to accrue on the Bonds, if deemed necessary or desirable, (d) pay certain
<br />working capital expenditures, if deemed necessary or desirable, and (e) pay certain costs of
<br />issuance of the Bonds, including the costs of any credit or liquidity enhancement thereof, if deemed
<br />necessary or desirable.
<br />The Bonds will be qualified 501(c)(3) bonds (as defined in Section 145 of the Internal
<br />Revenue Code of 1986, as amended), and the proceeds of the Bonds will be used to refinance the
<br />costs of acquiring the hospital and healthcare facilities listed below, including related land
<br />improvement costs, working capital expenditures and equipment (including, but not limited to,
<br />medical equipment, computer equipment, office equipment and general building equipment and
<br />fixtures) used at the hospital and healthcare facilities listed below. The initial principal user and
<br />owner and the maximum aggregate principal amount of Bonds to be issued under the plan of
<br />finance described above for such facility is listed below.
<br />Orlando Health Sebastian River Hospital, a 145 -bed acute care hospital and related medical
<br />clinics, offices, parking and ancillary facilities located on the Orlando Health Sebastian
<br />River Hospital Campus having a main address of 13695 U.S. Highway 1 Sebastian, Florida.
<br />The Orlando Health Sebastian River Hospital Campus is bordered generally by 143' Street
<br />on the north, U.S. Highway 1 on the east, 83rd Street/Bay Street on the south and the
<br />Sebastian River on the west, and includes the following additional addresses in Sebastian,
<br />Florida: 7915, 7925, 7955, 7965 and 8005 83rd Avenue/Bay Street. The initial owner of
<br />the facilities described above is OHSRH, LLC, and initial principal user of such facilities
<br />is Orlando Health -----$200,000,000.
<br />The public hearing is required by Section 147(f) of the Internal Revenue Code of 1986, as
<br />amended. Interested individuals are invited to express their views, both orally and in writing, on
<br />the proposed issuance of the Bonds. Comments at the public hearing are invited. Written
<br />comments may be submitted to the Board in care of the Indian River County Attorney, 1801 27th
<br />
|