Details for MILLER ADVERTISING AGENCY INC - Ad from 2021-07-22

Notice of Public HeariNg

Notice is hereby given that on Friday, August 6, 2021 at 9:00 A.M., a public hearing will be held before the Executive Director of the Illinois Finance
Authority (the “Authority”) or his designee, inside the North entrance of One North Old State Capitol Plaza, Springfield, Illinois 62701, as required by Section
147(f) of the Internal Revenue Code of 1986, as amended (the “Code”) regarding a plan of finance to issue not to exceed $75,000,000 in aggregate
principal amount of Revenue Bonds, Series 2021 (Christian Horizons Obligated Group) of the Authority, in one or more series (the “Bonds”). In the event
that the designated public hearing location described in the preceding sentence is not adequate to accommodate social distancing concerns of any
persons who arrive at the designated time of the public hearing or is otherwise unavailable due to health concerns, at the request of anyone present or
if the space is otherwise unavailable due to health concerns, the Authority will move the public hearing outside in the immediate vicinity of the building
and members of the public will be redirected to that location. In addition, the public hearing will be simultaneously accessible by residents, taxpayers
and other interested persons telephonically on Friday, August 6, 2021, at 9:00 A.M. by dialing into the toll-free telephone conference line number: (888)
494-4032, and entering access code: 795-179-0918.
The proceeds of the Bonds will be loaned to Christian Homes, Inc., an Illinois not for profit corporation (the “Borrower”), or one or more corporate
affiliates thereof, for the purpose of providing the Borrower and certain of its affiliates with moneys for the refunding of existing bonds and the financing,
refinancing or reimbursing of projects operated by the Borrower and/or certain of its affiliates located in the States of Illinois, Indiana, Iowa and Missouri.
Public approval by the State of Indiana, the State of Iowa and the State of Missouri will be obtained following public notice and public hearings regarding
the Bonds in those jurisdictions.
The proceeds of the Bonds will be used, together with certain other moneys, as follows (i) in a principal amount not exceeding $10,000,000 to refund
all or a portion of the outstanding principal amount of the Illinois Finance Authority Revenue Bonds, Series 2010 (Christian Homes, Inc. Obligated Group)
(the “Series 2010 Bonds”), currently outstanding in the principal amount of $6,605,000; (ii) in a principal amount not exceeding $60,000,000 to pay or
reimburse the Borrower for, or refinance certain indebtedness the proceeds of which were used for the payment of, the costs of acquiring, constructing,
renovating, remodeling and equipping certain facilities of the Borrower and its affiliates (the “New Money Purposes”); (iii) to fund a debt service reserve fund,
if deemed necessary or desirable by the Authority and/or the Borrower; (iv) to pay a portion of the interest on the Bonds, if deemed necessary or desirable
by the Authority and/or the Borrower; (v) to provide working capital, if deemed necessary or desirable by the Authority and/or the Borrower; and (vi) to pay
certain expenses incurred in connection with the issuance of the Bonds and the refunding of the Series 2010 Bonds (collectively, the “Financing Purposes”).
The proceeds of the Series 2010 Bonds to be refinanced with the proceeds of the Bonds were used, together with certain other amounts available to the
Borrower, to (i) pay or reimburse the Borrower and Lewis Memorial Christian Village for the payment of certain costs of acquiring, renovating, remodeling
and equipping certain senior living facilities owned by the Borrower or Lewis Memorial Christian Village; (ii) establish a debt service reserve fund for the
benefit of the Series 2010 Bonds; and (iii) pay certain expenses incurred in connection with the issuance of the Series 2010 Bonds.
The Authority has previously issued its Illinois Finance Authority Revenue Refunding Bonds, Series 2016 (Christian Homes, Inc. Obligated Group) (the
“Series 2016 Bonds”) and loaned the proceeds thereof to the Borrower. The Health and Educational Facilities Authority of the State of Missouri has
previously issued its Senior Living Facilities Revenue Bonds (Christian Horizons Obligated Group) Series 2018 (the “Series 2018 Bonds”) and loaned the
proceeds thereof to the Borrower. The Borrower has sold a portion of the facilities financed or refinanced with the proceeds of the Series 2016 Bonds
and the Series 2018 Bonds for an amount not exceeding $2,000,000 (the “Sale Proceeds”). Such Sale Proceeds will be used to pay a portion of the
New Money Purposes described below.
The current or initial owner or principal user of the facilities being financed, refinanced or reimbursed with the proceeds of the Bonds is or will be the
Borrower, Lewis Memorial Christian Village, Hickory Point Christian Village, Inc., Crown Point Christian Village, Inc., Hoosier Christian Village, Inc., Risen
Son Christian Village or Spring River Christian Village, Inc.
A general functional description of each facility, the location of each such facility and the estimated maximum aggregate principal amount of Bonds to
be issued for New Money Purposes and the Sale Proceeds used for New Money Purposes with respect to each such facility are listed below:
Illinois
(a) Wabash Christian Retirement Center (owned by the Borrower) located at 216 College Boulevard, 527, 529, 531, 533, 535, 537, 539, 541, 543,
545, 547 Abelson Drive, all in Carmi, Illinois 62821, not to exceed a principal amount of $1,000,000 in order to pay the costs of acquiring, constructing,
remodeling, renovating and equipping certain existing facilities;
(b) The Christian Village (owned by the Borrower) located at 102-04, 106-08, 180-82 N. Postville Drive, 1500, 1507 Seventh Street, 302 S. Main
Street, 101-115, 117-202, 204-206, 208-210, 212-214, 216-218, 220-222, 224-226 N. Evans, 1-7, 9-15 Trinity Terrace, all in Lincoln, Illinois 62656, not
to exceed a principal amount of $1,000,000 in order to pay the costs of acquiring, constructing, remodeling, renovating and equipping certain existing
facilities;
(c) Hickory Point Christian Village (owned by Hickory Point Christian Village, Inc.) located at 565 W. Marion Avenue, 660-70, 700-10, 720-30, 740-50,
760-70, 790 Marion Avenue, 730-740, 750-61, 770-81, 790-801, 811-21, 850-60, 870-90, 900-11, 920-31, 940-51, 960-971, 980-991 Hope Drive,
all in Forsyth, Illinois 62535, not to exceed a principal amount of $2,000,000 in order to pay the costs of acquiring, constructing, remodeling, renovating
and equipping certain existing facilities;
(d) Lewis Memorial Christian Village located at 3300-3302, 3306-08, 3312-14, 3318-20, 3324-26, 3330-36, 3340-46, 3400, 3406, 3408, 3412,
3420, 3422-24, 3426-28, 3430-32, 3434-36, 3438-40, 3442-44, 3446-48, 3450-52, 3454-56, 3458-60 W. Washington Street, all in Springfield, Illinois
62711, not to exceed a principal amount of $1,000,000 in order to pay the costs of acquiring, constructing, remodeling, renovating and equipping certain
existing facilities;
Indiana
(e) Crown Point Christian Village (owned by Crown Point Christian Village, Inc.) located at 6685 E. 117th Avenue, 6645-53, 6661 and 6669 118th Lane,
6673, 6681, 6689 and 6699 118th Lane, and 11817-21, 11823-29, 11833-39, 11849-55, 11852-64, 11863-67, 11876-80 and 11889-11891 Knox
Place, all in Winfield, Indiana 46307, not to exceed a principal amount of $55,000,000 in order to pay the costs of acquiring, constructing, remodeling,
renovating and equipping certain facilities including a 91,555 square foot, 61-unit assisted living and 24-unit assisted living memory care building, and
the renovation and remodeling of its existing 62,634 square foot assisted living building into 42 independent living units and common area facilities;
(f) Hoosier Christian Village (owned by Hoosier Christian Village, Inc.) located at 523 and 621 S. Sugar Street, Brownstown, Indiana 47220, not to exceed
a principal amount of $2,000,000 in order to pay the costs of acquiring, constructing, remodeling, renovating and equipping certain existing facilities;
Iowa
(g) Risen Son Christian Village located at 3000 Risen Son Boulevard, 3171-73 and 3172-74 Straight Street, 3120-3163 Kings Way, and 3101-3123
Calvary Road all in, Council Bluffs, Iowa 51503, not to exceed a principal amount of $2,000,000 in order to pay the costs of acquiring, constructing,
remodeling, renovating and equipping certain existing facilities; and
Missouri
(h) Spring River Christian Village (owned by Spring River Christian Village, Inc.) located at 201 S. Northpark Lane, 100-175 Friendship Circle, 3510-12
E. Sunrise Drive and 302-312 N. Creekside Drive all in Joplin, Missouri 64801, not to exceed a principal amount of $2,000,000 in order to pay the costs
of acquiring, constructing, remodeling, renovating and equipping certain existing facilities.
The Bonds will not constitute a debt of the Authority, the State of Illinois or any political subdivision thereof within the meaning of any provisions of
the Constitution or statutes of the State of Illinois or a pledge of the faith and credit of the Authority, the State of Illinois or any political subdivision, or
grant to the owners thereof any right to have the Authority or the General Assembly of the State of Illinois levy any taxes or appropriate any funds for the
payment of the principal thereof or interest thereon. The Authority has no taxing power. The Bonds will be special, limited obligations of the Authority,
payable solely out of the revenues and other funds pledged and assigned for their payment in accordance with one or more loan agreements between
the Borrower and the Authority and one or more indentures pursuant to which the Bonds are issued.
The above notice of public hearing is required by Section 147(f) of the Code. At the time and place set for the public hearing, residents, taxpayers and
other interested persons will be given the opportunity to express their views for or against the Bonds and the proposed plan of finance. In addition, residents,
taxpayers and other interested persons that attend the public hearing telephonically by dialing into the toll-free telephone conference line number noted
above will be given the opportunity to express their views for or against the proposed plan of finance at a designated point in the public hearing. Written
comments may also be submitted to the Executive Director of the Authority (i) via email at publiccomments@il-fa.com, (ii) at his office located at 160 North
LaSalle Street, Suite S-1000, Chicago, Illinois 60601, (overnight delivery), or (iii) at P.O. Box 641249, Chicago, Illinois 60664 (mail) until August 4, 2021.
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 August 5, 2021, he or she should contact the Authority at (312) 651-1300.
NOTICE DATED: July 22, 2021
By /s/ Christopher Meister
Executive Director,
Illinois Finance Authority

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