Volume 43 - Issue 18 - May 2, 2024

State of Kansas

Kansas Development Finance Authority

Notice of Hearing

The Kansas Development Finance Authority (the “Authority”) will hold a public hearing at 9:00 a.m. (Central Time) May 21, 2024, at the offices of the Kansas Development Finance Authority, 534 S. Kansas Ave., Suite 800, Topeka, Kansas. In addition, the public hearing will be simultaneously accessible by residents, taxpayers, and other interested persons telephonically on the date and at the time listed above by dialing into the toll-free telephone conference line number at 844-621-3956 and entering access code: 1458808929#. The public hearing will be held with respect to (i) a plan by the Highlands County Health Facilities Authority to issue its Revenue Bonds (AdventHealth Obligated Group) in an aggregate principal amount not to exceed $775,000,000 with respect to facilities in Kansas, in one or more series over the longest period permitted by law, and (ii) a plan by the Colorado Health Facilities Authority to issue its Revenue Bonds (AdventHealth Obligated Group) in an aggregate principal amount not to exceed $775,000,000 with respect to facilities in Kansas, in one or more series over the longest period permitted by law. The proceeds of the bonds issued under each of such plans (the “Bonds”) will be used to (a) finance, refinance, or reimburse the costs of acquiring, constructing, renovating, and equipping certain health care facilities at the locations listed below (the “Health Care Facilities”), (b) refund certain revenue bonds previously issued to finance or refinance the costs of acquiring, constructing, renovating, and equipping the Health Care Facilities, (c) provide one or more debt service reserve funds for the benefit of all or a portion of the Bonds, if deemed necessary or desirable, (d) pay a portion of the interest to accrue on the Bonds, if deemed necessary or desirable, (e) pay certain working capital expenditures, if deemed necessary or desirable, and (f) pay certain costs of issuance of the Bonds, including the costs of any credit or liquidity enhancement thereof, if deemed necessary or desirable.

The Bonds will be qualified 501(c)(3) bonds (as defined in Section 145 of the Internal Revenue Code of 1986, as amended), and the proceeds of the Bonds will be used to finance, refinance, or reimburse the costs of acquiring, constructing, improving, or renovating the facilities (including related land costs) listed below and the costs of acquiring and installing equipment (including, but not limited to, medical equipment, computer equipment, office equipment, and general building equipment and fixtures) to be used at the facilities listed below. The initial owner or principal user, a general functional description of the type and use of the facility and the location of each such facility, and the estimated maximum aggregate principal amount of Bonds to be issued with respect to each such facility, are listed below.

1. Facilities initially owned, or to be owned or principally used by Shawnee Mission Medical Center, Inc., a Kansas not-for-profit corporation:
   1. AdventHealth Shawnee Mission, a 462-bed acute care hospital, together with medical office buildings, an emergency services center, laboratory, imaging center, and cancer center located at 9100 W. 74th St., Shawnee Mission, Kansas–$300,000,000; and
   2. AdventHealth Lenexa City Center, a 244,000 square foot 98-bed acute care hospital and related medical clinics and medical office buildings under construction located at 16950 W. 86th St., Lenexa, Kansas–$350,000,000.
2. Facility initially owned, or to be owned or principally used by AdventHealth Ransom Memorial, Inc., a Kansas not-for-profit corporation: AdventHealth Ottawa, a 40-bed acute care hospital, together with medical office buildings, an emergency services center, laboratory, and imaging center, located at 1301 S. Main St., Ottawa, Kansas–$25,000,000.
3. Facility initially owned, or to be owned or principally used by AdventHealth South Overland Park, Inc., a Kansas not-for-profit corporation: an 85-bed acute care hospital, together with medical office buildings, an emergency services center, laboratory, and imaging center, located at 7820 W. 165th St., Overland Park, Kansas–$100,000,000.

Additional information concerning the above may be obtained from, and written comments should be addressed to Rebecca Floyd, Kansas Development Finance Authority, 534 S. Kansas Ave., Suite 800, Topeka KS 66603, phone 785-357-4445.

In accordance with the Americans with Disabilities Act (“ADA”), if any person with a disability as defined by the ADA needs special accommodations to participate in the public hearing, then not later than two (2) business days prior to the public hearing, he or she should contact Rebecca Floyd at 785-357-4445.

Dated May 2, 2024.

Rebecca Floyd
President
Kansas Development Finance Authority

Doc. No. 052095