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Public Hearing Notice Notice is Hereby Given

Public Hearing Notice Notice is hereby given that the County of Butler, Ohio, will hold a Public Hearing on June 12, 2023 at 9:30 a.m. in the Commission Chambers of the Board of County Commissioners, Government Services Center, 315 High Street, 2nd Floor, Hamilton, Ohio, to discuss the possible issuance by the County of Franklin, Ohio (the "Issuer"), acting by and through the County Hospital Commission of Franklin County, of health care facilities revenue bonds (the "Bonds") in one or more series, in one or more issues from time to time pursuant to a plan of finance, in an aggregate principal amount currently estimated not to exceed $500,000,000, pursuant to Chapter 140 of the Ohio Revised Code (the "Act"). The Bonds will be qualified 501(c)(3) bonds, as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the "Code"), issued to finance and refinance capital expenditures for use as or in senior living facilities, and the proceeds thereof will be applied particularly to (1) finance or refinance the acquisition, construction, equipping and installation of "hospital facilities", as defined in the Act, at the following senior living and healthcare communities of Ohio Living Communities ("OLC"), an Ohio nonprofit corporation: Ohio Living Westminster-Thurber ("Westminster"), located at 717 Neil Avenue, Columbus, Ohio 43215; Ohio Living Rockynol ("Rockynol") located at 1150 West Market Street, Akron, Ohio 44313; Ohio Living Breckenridge Village located at 36855 Ridge Road and 5665 Grace Woods Drive, Willoughby, Ohio 44094; Ohio Living Cape May ("Cape May"), located at 150 Cape May Drive, Wilmington, Ohio 45177; Ohio Living Llanfair ("Llanfair"), located at 1701 Llanfair Avenue, Cincinnati, Ohio 45224; Ohio Living Dorothy Love ("Dorothy Love"), located at 3003 West Cisco Road, Sidney, Ohio 45365; Ohio Living Mount Pleasant ("Mount Pleasant"), located at 225 Britton Lane, Monroe, Ohio 45050; Ohio Living Lake Vista ("Lake Vista"), located at 303 N. Mecca St., Cortland, Ohio 44410; and Ohio Living Swan Creek ("Swan Creek"), located at 5916 Cresthaven Lane, Toledo, Ohio 43614 (collectively, the "Ohio Living Facilities"), including without limitation, (a) routine capital expenditures including but not limited to building renovations and equipment purchases at one or more of the Ohio Living Facilities and (b) the construction, equipping and installation of buildings at Westminster and Breckenridge (the assets described in clause (a) and (b) collectively the "New Money Projects"); (2) refinance certain bonds or other indebtedness (collectively, the "Prior Debt") previously issued for the benefit of, and/or other indebtedness incurred by, OLC, the proceeds of which were used to finance the costs of acquiring, constructing, reconstructing, rehabilitating, remodeling, renovating, enlarging, equipping and furnishing special care, skilled nursing care, assisted living care and independent living care facilities at one or more of the Ohio Living Facilities (collectively, the "Prior Debt Projects"); (3) fund one or more reserve funds to secure the payment of all or a portion of the Bonds; (4) pay capitalized interest on the Bonds; (5) pay any termination payments related to interest rate swap agreements entered into in respect of any of the Prior Debt; and (6) pay costs of the issuance of the Bonds, including any initial cost of credit enhancement for the Bonds (collectively, the "Project"). The maximum amount of the Bonds allocable to Westminster is $180,000,000; Rockynol is $60,000,000; Breckenridge is $203,000,000 ($165,000,000 to 36855 Ridge Road and $38,000,000 to 5665 Grace Woods Drive); Cape May is $39,000,000; Llanfair is $36,000,000; Dorothy Love is $28,000,000; Mount Pleasant is $65,000,000; Lake Vista is $36,000,000; and Swan Creek is $37,000,000. THE BONDS SHALL NOT REPRESENT OR CONSTITUTE A DEBT NOR PLEDGE OF THE FAITH AND CREDIT OR THE TAXING POWER OF THE ISSUER, THE STATE OF OHIO OR ANY POLITICAL SUBDIVISION OF THE STATE OF OHIO. The initial owner and principal user of each of the Ohio Living Facilities, including all assets financed or refinanced with proceeds of the Bonds, will be OLC, or an affiliate of OLC or Ohio Living, an Ohio nonprofit corporation. Interested persons are invited to attend this public hearing and will be given an opportunity to express their views concerning the proposed issuance of the Bonds. Written comments may also be given by submitting them prior to the public hearing to the Board of County Commissioners of the County of Butler, Ohio, 315 High Street, Hamilton, Ohio 45011, Attention: Clerk and clearly marked "RE: County of Franklin, Ohio Health Care Facilities Revenue Bonds (Ohio Living Communities)." This notice is given pursuant to Section 147(f) of the Code. /s/ Flora R. Butler Clerk, Board of County Commissioners, County of Butler, Ohio 5-30/2023
May 30, 2023
June 12, 2023
June 12, 2023 8:05pm