NOTICE OF PUBLIC HEARING
Notice is hereby given that a public hearing will be conducted telephonically and via videoconference by the Vermont Economic Development Authority (“VEDA”) on Thursday, February 24, 2022, at 10:00 a.m. at its offices located at 58 East State Street, Suite 5, Montpelier, Vermont 05602, regarding the proposed issuance of up to $9,250,000 stated principal amount of its tax-exempt revenue bonds (the “Bonds”) pursuant to Subchapter 4 of Title 10, V.S.A., Chapter 12 (which bonds will not constitute a debt or pledge of the faith or credit of the State of Vermont or VEDA) and pursuant to Section 145 of the Internal Revenue Code of 1986, as amended, for the refinancing of mental health facilities (collectively, the “Project”)
owned and operated by Health Care & Rehabilitation Services of Southeastern Vermont, Inc. (together with any affiliates, the “Borrower”), in Springfield, Vermont, and Hartford, Vermont, which Project includes the (1) refunding of the portion of the Vermont Educational and Health Buildings Financing Agency Revenue Bonds (Developmental and Mental Health Services Acquisition Pool) Series 2006A (the “Series 2006A Bonds”) which were issued for the benefit of the Borrower and the proceeds of which financed: (i) (A) the acquisition, construction, equipping and renovation of an approximately 30,000 square-foot building located at 390 River Street, Springfield, Vermont, which is used for the Borrower’s five major program service areas of Mental Health Outpatient, Emergency, Developmental Services, Community Rehabilitation and Alcohol and Drug programs, and its administrative offices; and (B) the acquisition of and renovations of an 11,000 square-foot building at 49 School Street, Hartford, Vermont that is used for all of the program service areas noted above except for Emergency; (ii) the funding of a reserve account for the Series 2006A Bonds; and (iii) the payment of a portion of the costs of issuance of the Series 2006A Bonds; (2) funding a reserve fund, if any, for the Bonds; and (3) financing the costs of issuance and other common costs of the Bonds.
All persons wishing to participate in the public hearing are invited to attend the public hearing at VEDA’s Montpelier office address above. Written comments may be directed to VEDA at 58 East State Street, Montpelier, Vermont 05602. Participants may also access the hearing via teleconference using the toll-free telephone number, passcode and instructions listed below:
- Dial the toll-free call-in number: (888) 392-4560
- Enter the Passcode: 6183869 and # when prompted
- When prompted, clearly state your first and last name as well as your department/agency, if applicable.
Vermont Economic Development Authority
Date: February 17, 2022
