Please ensure Javascript is enabled for purposes of website accessibility NOTICE OF PUBLIC HEARING ON PROPOSED TAX-EXEMPT BOND FINANCING OF THE VIRIGNIA SMALL BUSINESS FINANCING AUTHORITY | Legal Announcements | #seniorliving | #elderly | #seniors – Active Lifestyle Media

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Senior Living CommunitiesNOTICE OF PUBLIC HEARING ON PROPOSED TAX-EXEMPT BOND FINANCING OF THE VIRIGNIA SMALL BUSINESS FINANCING AUTHORITY | Legal Announcements | #seniorliving | #elderly | #seniors

NOTICE OF PUBLIC HEARING ON PROPOSED TAX-EXEMPT BOND FINANCING OF THE VIRIGNIA SMALL BUSINESS FINANCING AUTHORITY | Legal Announcements | #seniorliving | #elderly | #seniors


NOTICE OF PUBLIC HEARING ON PROPOSED TAX-EXEMPT BOND FINANCING OF THE VIRGINIA SMALL BUSINESS FINANCING AUTHORITY Notice is hereby given that the Virginia Small Business Financing Authority (the “Authority”) will hold a public hearing on the application of Virginia Baptist Homes, Inc. (d/b/a LifeSpire of Virginia), a Virginia nonstock corporation (the “Borrower”), whose address is 3961 Stillman Parkway, Glen Allen, Virginia 23060, requesting the Authority to issue, pursuant to the Virginia Small Business Financing Act (the “Act”), up to $95,000,000 of the Authority’s tax-exempt bonds (the “Bonds”), in one or more series from time to time. The Bonds are expected to be issued as qualified 501(c)(3) bonds as defined in Section 145 of the Internal Revenue Code of 1986, as amended. The Borrower and its affiliated organizations operate four senior living communities in Virginia. The Authority will loan the proceeds of the Bonds to the Borrower: (1) To finance and refinance the construction of approximately 36 independent living dwellings, site work, infrastructure and connectively improvements and other related facilities at the Borrower’s community known as The Culpeper, located in and around 12425 Village Loop, Culpeper, Virginia (The Culpeper is owned and operated by Culpeper Baptist Retirement Community, Inc., which is a wholly-owned subsidiary of the Borrower and to finance various capital projects at The Culpeper in and around the existing structures. The maximum amount of Bonds expected to be issued for this component of the financing is $70,000,000. (2) To finance and refinance the construction of approximately 19 independent living dwellings, site work, infrastructure and connectively improvements and other related facilities at the Borrower’s community known as Lakewood, located in and around 1900 Lauderdale Drive, Henrico, Virginia (Lakewood is owned and operated by Lakewood Manor Baptist Retirement Community, Inc., which is a wholly-owned subsidiary of the Borrower and to finance various capital projects at Lakewood in and around the existing structures. The maximum amount of Bonds expected to be issued for this component of the financing is $25,000,000. (3) To finance, if and as needed, amounts required for reserves, working capital, capitalized interest, costs of issuance and other financing expenses related to the issuance of the Bonds. The public hearing, which may be continued or adjourned, will be held at 12:00 o’clock p.m. on Tuesday, May 11, 2021. The public hearing will be held telephonically in accordance with Internal Revenue Service Revenue Procedure 2020-21 and Section 4-0.01 of the 2020 Appropriations Act of the Commonwealth of Virginia (the Budget Bill) as permitted by Executive Order Fifty-One (2020) issued by the Governor of the Commonwealth declaring a state of emergency due to the COVID-19 pandemic which declaration remains in effect. The Executive Order permits public bodies such as the Authority to meet by electronic means when the Governor has declared a state of emergency and the nature of such emergency makes it impracticable or unsafe for the governing board of a public body to assemble in a single location. The public may witness and participate in the public hearing by using the dial-in number and participant code set forth below: Dial in: 866-845-1266 Participant Code: 65069804# Notice of any interruption in the conference call may be provided by contacting Robert Gray, IT Manager (telephone: 804-593-2005, email: robert.gray@sbsd.virginia.gov). A public comment form prepared by the Virginia Freedom of Information Advisory Council in accordance with Section 30-179 of the Virginia Code is available by contacting Angela Reese, Administration Assistant (telephone: 804-371-8254, email: angela.reese@sbsd.virginia.gov). As required by the Act, the Bonds will not pledge the faith and credit or the taxing power of the Commonwealth of Virginia or any political subdivision thereof, including the Authority, and will be payable solely from revenues derived from the Borrower and pledged therefor. Any person interested in the issuance of the Bonds or the projects to be financed or refinanced may appear and be heard. A copy of the Borrower’s application materials may be inspected by contacting Angela Reese, during regular business hours. Virginia Small Business Financing Authority



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