Author Archives: Michael Gaughan

VEHBFA NOTICE OF PUBLIC HEARING ON DECEMBER 3, 2024

VERMONT EDUCATIONAL AND HEALTH BUILDINGS FINANCING AGENCY NOTICE OF PUBLIC HEARING

Vermont Educational and Health Buildings Financing Agency, Burlington, Vermont (the “Agency”), a body corporate and politic constituting a public instrumentality of the State of Vermont, proposes to issue its Vermont Educational and Health Buildings Financing Agency Revenue Bond (Northeastern Vermont Regional Hospital Project) 2024 Series A (the “Bonds”) in a total principal amount not to exceed $16,500,000, as qualified 501(c)(3) bonds as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”), to make a loan to Northeastern Vermont Regional Hospital, Inc. (the “Hospital”) for the purposes of: (i) paying, or reimbursing the Hospital for paying, a portion of the cost of acquiring, constructing, equipping and furnishing a capital expansion and renovation of its main hospital facility in St. Johnsbury, including approximately 16,000 square feet of new and renovated space involving the approximately 5,800 square feet expansion of its Emergency Department, the replacement of an existing chiller, and the approximately 5,000 square feet expansion and improvement of its laboratory and pharmacy (the “Project”); (ii) paying capitalized interest on the Bonds; and (iii) paying certain costs incurred in connection with the issuance of the Bonds.

The Hospital is and will be the legal owner and principal user of the Project, all of which constitutes an integrated operation of the Hospital and located on its main campus at 1315 Hospital Drive, St. Johnsbury, Vermont 05819.

Please Take Notice that the Agency will hold a public hearing as required by Section 147(f) of the Code at 10:00 a.m. on December 3, 2024, at which time any person may be heard regarding the issuance of the proposed Bonds and the financing of the Project described above.

The general public may participate in the public hearing by calling the following toll-free telephone number: 833 548 0282 and use meeting I.D.: 354 583 7863#. Members of the general public may also participate in the public hearing by Zoom. Requests for Zoom access should be submitted to the Agency via email at michael@vtbondagency.org no later than 9:30 a.m. on December 3, 2024.

Written comments may also be submitted to the Agency via email at michael@vtbondagency.org no later than 10:00 a.m./p.m. on December 3, 2024.

Documents regarding the proposed Bonds and other public records regarding the Project described above are in the possession of the Agency and may be viewed on the Agency’s website at: http://www.vehbfa.org/non-profit-finance-announcements/.

Any person who decides to appeal any decision made by the Agency with respect to any matter considered at its hearing will need a record of the proceedings. Such person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

 

   
  /s/ Michael Gaughan
  Executive Director
  Vermont Educational and Health Buildings Financing Agency
   
   
   

VEHBFA NOTICE OF PUBLIC HEARING ON APRIL 19, 2024

VERMONT EDUCATIONAL AND HEALTH BUILDINGS FINANCING AGENCY NOTICE OF PUBLIC HEARING

Vermont Educational and Health Buildings Financing Agency, Burlington, Vermont (the “Agency”), a body corporate and politic constituting a public instrumentality of the State of Vermont, proposes to issue its Vermont Educational and Health Buildings Financing Agency Revenue Bonds (Landmark College Project), Series 2024 A (the “Bonds”), in an aggregate principal amount not to exceed $11,795,000 as qualified 501(c)(3) bonds as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”), to make a loan to Landmark College, Inc. (the “Corporation”) for purposes of (i) refunding the Agency’s outstanding Revenue Bonds (Landmark College Project) 2014 Series A (the “2014 Bonds”), and (ii) paying a portion of certain expenses incurred in connection with the issuance of the Bonds. 

The 2014 Bonds were issued to provide funds to the Corporation to (i) pay, or reimburse the Corporation for paying, a portion of the costs of the acquisition, construction, furnishing and equipping of a 28,000 square-foot Science, Technology & Innovation Center (STI Center), an artificial-turf athletic field, an on-campus residence for the President of the Corporation and other capital expenditures with respect to the Corporation’s facilities (collectively, the “2014 Project”), (ii) refund the Agency’s outstanding Revenue Bonds (Landmark College Project) 2004 Series A (the “2004 Bonds”), and (iii) pay a portion of certain expenses incurred in connection with the issuance of the 2014 Bonds. 

The 2004 Bonds were issued to provide funds to the Corporation to (i) pay, or reimburse the Corporation for paying, a portion of the costs of the acquisition and construction of five, 16-unit student residential buildings and a related common building, aggregating approximately 18,000 square feet, the renovation of the Corporation’s East Academic Building to provide approximately 32,000 square feet of new academic space, and the expansion and renovation of the Corporation’s dining hall (collectively, the “2004 Project”), (ii) refund the Agency’s Tender Revenue Bonds (Landmark College Project) 1989 Series A (the “1989 Bonds”), and (iii) pay certain costs incurred in connection with the issuance of the 2004 Bonds.

The 1989 Bonds were used to refinance certain indebtedness of the Corporation incurred to acquire the Corporation’s campus in Putney, Vermont, and to finance the costs incurred by the Corporation in connection with certain additions, extensions and improvements to its then-existing educational facilities (the “1989 Project” and, together with the 2004 Project and the 2014 Project, the “Projects”).

The Projects constitute an integrated operation of the Corporation and are located on the Corporation’s campus at 19 River Road South in Putney, Vermont 05346.  The Corporation is the legal owner and principal user of the Projects.

Please Take Notice that the Agency will hold a public hearing as required by Section 147(f) of the Code at 11:00 a.m. on Friday, April 19, 2024, at which time any person may be heard regarding the issuance of the proposed Bonds and the refinancing of the Projects. 

The general public may participate in the public hearing by calling the following toll-free telephone number:  888 475 4499, and use Meeting I.D.:  821 1699 0733, Passcode 956029.  Members of the general public may also participate in the public hearing by Zoom using this link:  https://us06web.zoom.us/j/82116990733?pwd=HafgszfE3DmrA3aqItC2x0bslF1eUG.1. 

Written comments may also be submitted to the Agency via email at michael@vtbondagency.org no later than 10:00 a.m. on April 19, 2024.

Documents regarding the proposed Bonds and other public records regarding the Projects described above are in the possession of the Agency and will be made available upon request.

Any person who decides to appeal any decision made by the Agency with respect to any matter considered at its hearing will need a record of the proceedings.  Such person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based. 

   
  /s/ Michael Gaughan
  Executive Director
  Vermont Educational and Health Buildings Financing Agency
   
   
   

VEHBFA NOTICE OF PUBLIC HEARING ON FEBRUARY 13, 2024

VERMONT EDUCATIONAL AND HEALTH BUILDINGS FINANCING AGENCY NOTICE OF PUBLIC HEARING

Vermont Educational and Health Buildings Financing Agency, Burlington, Vermont (the “Agency”), a body corporate and politic constituting a public instrumentality of the State of Vermont, proposes to issue its Vermont Educational and Health Buildings Financing Agency Revenue and Refunding Bonds (Stratton Mountain School and Ski Foundation Project) Series 2024 (the “Bonds”), in an aggregate principal amount not to exceed $7,250,000 as qualified 501(c)(3) bonds as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”), to make a loan to Stratton Mountain School and Ski Foundation, Inc. (the “Corporation”) for purposes of (i) refunding the Agency’s outstanding Revenue and Refunding Bonds (Stratton Mountain School and Ski Foundation Project) Series 2014 (the “2014 Bonds”) and (ii) paying a portion of certain expenses incurred in connection with the issuance of the Bonds.

The 2014 Bonds were issued for the purposes of (i) paying, or reimbursing the Corporation for paying, a portion of the costs of the acquisition, construction, furnishing and equipping of an approximately 10,000 square-foot, two-story academic facility, an approximately 10,000-square foot training facility, and other routine capital expenditures with respect to the Corporation’s existing facilities (collectively, the “2014 Project”), (ii) refunding the Agency’s outstanding Revenue and Refunding Bonds (Stratton Mountain School and Ski Foundation Project) 2004 Series A (the “2004 Bonds”), (iii) refinancing taxable debt of the Corporation that financed the acquisition of passenger vans (the “Prior Obligations Project”), and (iv) paying a portion of certain expenses incurred in connection with the issuance of the 2014 Bonds. 

The 2004 Bonds were issued to provide funds to the Corporation  (i) to finance a portion of the costs of acquiring, constructing, renovating and equipping an approximately 16,000 square-foot, two-story gymnasium, an approximately 3,000 square-foot, two-story faculty residence, an approximately 5,000 square-foot, two-story faculty residence and dormitory, and other capital improvements with respect to certain of the Corporation’s existing facilities (collectively, the “2004 Project”), (ii) to current refund the portion of the Agency’s outstanding Capital Asset Financing Program Revenue Bonds, Series 1999-1 allocable to the Corporation the proceeds of which were used to finance a portion of the costs of acquiring, constructing, renovating and equipping a new campus consisting of an approximately 14,000 square-foot, two-story academic building, an approximately 20,000 square-foot dining hall/dormitory building, an approximately 7,500 square-foot, two-story field house and a campus green and soccer field (collectively, the “1999 Project”), (iii) to refinance taxable debt that financed a portion of the 1999 Project and to acquire passenger vans (together with the 1999 Project, the 2004 Project, the 2014 Project and the Prior Obligations Project, the “Projects”), and (iv) to pay a portion of certain expenses incurred in connection with the issuance of the 2004 Bonds.

The Projects constitute an integrated operation of the Corporation and are located at the Corporation’s campus at 7 World Cup Circle, Stratton Mountain, Vermont 05155.  The Corporation is the legal owner and principal user of the Projects.

Please Take Notice that the Agency will hold a public hearing as required by Section 147(f) of the Code at 2:00 p.m. on Tuesday, February 13, 2024, at which time any person may be heard regarding the issuance of the proposed Bonds and the refinancing of the Projects. 

The general public may participate in the public hearing by calling the following toll-free telephone number:  877 853 5257, and use meeting I.D.:  354 583 7863.  Members of the general public may also participate in the public hearing by Zoom using this link:  https://us06web.zoom.us/j/3545837863?omn=84795907238. 

Written comments may also be submitted to the Agency via email at michael@vtbondagency.org no later than noon on February 13, 2024.

Documents regarding the proposed Bonds and other public records regarding the Projects described above are in the possession of the Agency and will be made available upon request.

Any person who decides to appeal any decision made by the Agency with respect to any matter considered at its hearing will need a record of the proceedings.  Such person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

 

   
  /s/ Michael Gaughan
  Executive Director
  Vermont Educational and Health Buildings Financing Agency
   
   
   

VEHBFA NOTICE OF PUBLIC HEARING ON JUNE 14, 2023

VERMONT EDUCATIONAL AND HEALTH BUILDINGS FINANCING AGENCY NOTICE OF PUBLIC HEARING

Vermont Educational and Health Buildings Financing Agency, Burlington, Vermont (the “Agency”), a body corporate and politic constituting a public instrumentality of the State of Vermont, proposes to issue its Vermont Educational and Health Buildings Financing Agency Revenue Bonds (Middlebury College Project) Series 2023 (the “Bonds”) in a total principal amount not to exceed $50,000,000, as qualified 501(c)(3) bonds as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”) to make a loan to The President and Fellows of Middlebury College (the “College”) for purposes of: (i) paying, or reimbursing the College for paying, a portion of the cost of acquiring, constructing, renovating or equipping a new dormitory consisting of approximately 298 beds and 87,000 square feet and the decommissioning and demolition of Battell Hall dormitory (collectively, the “Project”); and (ii) paying certain costs incurred in connection with the issuance of the Bonds.

The College is and will be the legal owner and principal user of the Project that will constitute an integrated operation of the College and is located on its main campus in Middlebury, Vermont 05753.

Please Take Notice that the Agency will hold a public hearing as required by Section 147(f) of the Code at 10:00 a.m. on June 14, 2023, at which time any person may be heard regarding the issuance of the proposed Bonds and the financing of the Project. 

The general public may participate in the public hearing by calling the following toll-free telephone number:  1-833-548-0282, and use meeting I.D.:  838 1220 5790#.  Members of the general public may also participate in the public hearing by Zoom.  Requests for Zoom access should be submitted to the Agency via email at michael@vtbondagency.org no later than 9:00 a.m. on June 14, 2023.

Written comments may also be submitted to the Agency via email at michael@vtbondagency.org no later than 9:00 a.m. on June 14, 2023.

Documents regarding the proposed Bonds and other public records regarding the Project described above are in the possession of the Agency and will be made available upon request.

Any person who decides to appeal any decision made by the Agency with respect to any matter considered at its hearing will need a record of the proceedings.  Such person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based. 

 

   
  /s/ Michael Gaughan
  Executive Director
  Vermont Educational and Health Buildings Financing Agency
   
   
   

VEHBFA NOTICE OF PUBLIC HEARING ON FEBRUARY 15, 2023

VERMONT EDUCATIONAL AND HEALTH BUILDINGS FINANCING AGENCY NOTICE OF PUBLIC HEARING

Vermont Educational and Health Buildings Financing Agency, Burlington, Vermont (the “Agency”), a body corporate and politic constituting a public instrumentality of the State of Vermont, proposes to issue one or more issues of its Vermont Educational and Health Buildings Financing Agency Revenue Bonds (St. Michael’s College Project) Series 2023 (the “Bonds”), in a total amount not to exceed $40,000,000, as qualified 501(c)(3) bonds as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”), to make one or more loans to St. Michael’s College, Inc. (the “College”) for purposes of: (i) paying, or reimbursing the College for paying, a portion of the cost of capital projects relating to the College’s capital assets, including, but not limited to renovations and upgrades of its athletic facilities, upgrades to its WiFi and other technological infrastructure, upgrades to its building control systems and classroom, laboratory, artistic performance and office spaces (collectively, the “2023 Project”); (ii) current refunding all or a portion of the Agency’s outstanding Revenue Bonds (St. Michael’s College Project) Series 2012 issued on behalf of the College (the “2012 Bonds”), and (iii) paying certain costs incurred in connection with the issuance of the Bonds.

The proceeds of the 2012 Bonds were used to make a loan to the College for the purposes of (i) refunding all or a portion of the Agency’s outstanding (a) Revenue Refunding Bonds (St. Michael’s College Project) Series 1999 (the “1999 Bonds”), (b) Revenue Bonds (St. Michael’s College Project) Series 2001 (the “2001 Bonds”), and (c) Revenue Bonds (St. Michael’s College Project) Series 2003 (the “2003 Bonds”), the proceeds of which were loaned by the Agency to the College and used to finance or refinance capital improvements undertaken by the College (with the 2012 Project defined below, the “Prior Projects”); (ii) paying, or reimbursing the College for paying, a portion of the costs of the acquisition, construction and equipping of (a) an apartment-style residence hall; and (b) a student center (the “2012 Project”); (iii) funding a debt service reserve fund for the 2012 Bonds; and (iv) paying a portion of the costs of issuance of the 2012 Bonds.

The Prior Projects are, and the 2023 Project will be, owned and operated by the College. The Prior Projects are, and the 2023 Project will be, located on the College’s main campus at Winooski Park in Colchester, Vermont 05404.

Please Take Notice that the Agency will hold a public hearing as required by Section 147(f) of the Code at 10:00 a.m. on February 15, 2023, at which time any person may be heard regarding the issuance of the proposed Bonds, the financing of the 2023 Project, and the refinancing of the Prior Projects through the refunding of the 2012 Bonds, as described above.

The general public may participate in the public hearing by calling the following toll-free telephone number 833-548-0282  and use meeting I.D. 354 583 7863#.  Members of the general public may also participate in the public hearing by Zoom.  Requests for Zoom access should be submitted to the Agency via email at michael@vtbondagency.org no later than 9:00 a.m. on February 15, 2023.

Written comments may also be submitted to the Agency via email at michael@vtbondagency.org no later than 9:00 a.m. on February 15, 2023.

Documents regarding the proposed Bonds and other public records regarding the Projects described above are in the possession of the Agency and may be viewed on the Agency’s website at:  http://www.vehbfa.org/non-profit-finance-announcements/

Any person who decides to appeal any decision made by the Agency with respect to any matter considered at its hearing will need a record of the proceedings.  Such person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

Vermont Educational and Health Buildings Financing Agency, Burlington, Vermont (the “Agency”), a body corporate and politic constituting a public instrumentality of the State of Vermont, intends to issue its Vermont Educational and Health Buildings Financing Agency Revenue Refunding Bond (The University of Vermont Medical Center Project) Refunding Series 2023A (the “Bond”), in an amount not to exceed $26,250,000, as qualified 501(c)(3) bonds, as defined in Section 145 of the Internal Revenue Code of 1986 (the “Code”), to make a loan to The University of Vermont Medical Center Inc. (the “Borrower”) for purposes of current refunding the Agency’s Revenue Bond (Fletcher Allen Health Care Project) Refunding Series 2013A issued on behalf of the Borrower (the “2013 Bond”), and paying certain costs incurred in connection with the issuance of the Bond.

The proceeds of the 2013 Bond were used to current refund the Agency’s Variable Rate Hospital Revenue Bonds (Fletcher Allen Health Care Project) Series 2000A (the “2000A Bonds”), which were issued by the Agency for the purpose of (i) paying or reimbursing the Borrower for paying, a portion of the cost of the acquisition, construction, refurbishing and equipping of: (a) a new ambulatory care facility and laboratory therein, (b) a new cancer center for treatment, teaching and clinical research, (c) a new education center consisting of teaching laboratories, simulation rooms, offices, a conference center and an auditorium, (d) a patient access center, (e) moveable equipment at the Borrower’s Fanny Allen Campus and (f) certain Borrower routine capital improvements and equipment (collectively, the “Project”); (ii) funding a debt service reserve fund; and (iii) paying certain expenses in connection with the authorization and issuance of the 2000A Bonds.

The Borrower is and will be the legal owner and principal user of the Project all of which constitutes an integrated operation of the Borrower at 111 Colchester Avenue, Burlington, Vermont.

Please Take Notice that the Agency will hold a public hearing as required by Section 147(f) of the Code at 10:00 a.m. on January 3, 2023, at which time any person may be heard regarding the issuance of the proposed Bond, the refinancing of the Project, and the refunding of the 2013 Bond described above.

In light of the continuing COVID-19 pandemic, the general public may participate in the public hearing by calling the following toll-free telephone number 833-548-0282 and use meeting I.D. 354 583 7863#.  Members of the general public may also participate in the public hearing by Zoom.  Requests for Zoom access should be submitted to the Agency via email at michael@vtbondagency.org no later than 9:00 a.m. on January 3, 2023.

Written comments may also be submitted to the Agency via email at michael@vtbondagency.org no later than 9:00 a.m. on January 3, 2023.

Documents regarding the proposed Bond and other public records regarding the Project described above are in the possession of the Agency and may be viewed on the Agency’s website at: http://www.vehbfa.org/non-profit-finance-announcements/.

Any person who decides to appeal any decision made by the Agency with respect to any matter considered at its hearing will need a record of the proceedings.  Such person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.  Vermont Educational and Health Buildings Financing Agency, Burlington, Vermont (the “Agency”), a body corporate and politic constituting a public instrumentality of the State of Vermont, proposes to issue its Vermont Educational and Health Buildings Financing Agency Revenue Bonds (The Putney School Project) (the “Bonds”) in a total principal amount not to exceed $13,000,000, as qualified 501(c)(3) bonds as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”), to make a loan to The Putney School (the “School”) for the purposes of: (i) paying, or reimbursing the School for paying, a portion of the cost of acquiring, constructing, equipping and furnishing two new dormitories, each consisting of a two-story building of approximately 16,000 square feet, with 11 double-occupancy dorm rooms and 2 three-bedroom faculty apartments, and related improvements and sitework, and other capital projects relating to the School’s capital facilities over the next three fiscal years (collectively, the “Project”); and (ii) paying certain costs incurred in connection with the issuance of the Bonds.

The School is and will be the legal owner and principal user of the Project, all of which constitutes an integrated operation of the School and located on its main campus at 418 Houghton Brook Road, Putney, Vermont, 05346, and 499 Houghton Brook Road, Putney, Vermont 05346.

Please Take Notice that the Agency will hold a public hearing as required by Section 147(f) of the Code at 10:00 a.m. on April 13, 2022, at which time any person may be heard regarding the issuance of the proposed Bonds and the financing of the Project described above.

The general public may participate in the public hearing by calling the following toll-free telephone number: 833-548-0282 and use meeting I.D.: 354 583 7863#.  Members of the general public may also participate in the public hearing by Zoom.  Requests for Zoom access should be submitted to the Agency via email at michael@vtbondagency.org no later than 9:00 a.m. on April 13, 2022.

Written comments may also be submitted to the Agency via email at michael@vtbondagency.org no later than 9:00 a.m. on April 13, 2022.

Documents regarding the proposed Bonds and other public records regarding the Project described above are in the possession of the Agency and may be viewed on the Agency’s website at:  http://www.vehbfa.org/non-profit-finance-announcements/.

Any person who decides to appeal any decision made by the Agency with respect to any matter considered at its hearing will need a record of the proceedings.  Such person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

   
  /s/ Michael Gaughan
  Executive Director
  Vermont Educational and Health Buildings Financing Agency

VEHBFA NOTICE OF PUBLIC HEARING ON JANUARY 3, 2023

VERMONT EDUCATIONAL AND HEALTH BUILDINGS FINANCING AGENCY NOTICE OF PUBLIC HEARING

Vermont Educational and Health Buildings Financing Agency, Burlington, Vermont (the “Agency”), a body corporate and politic constituting a public instrumentality of the State of Vermont, intends to issue its Vermont Educational and Health Buildings Financing Agency Revenue Refunding Bond (The University of Vermont Medical Center Project) Refunding Series 2023A (the “Bond”), in an amount not to exceed $26,250,000, as qualified 501(c)(3) bonds, as defined in Section 145 of the Internal Revenue Code of 1986 (the “Code”), to make a loan to The University of Vermont Medical Center Inc. (the “Borrower”) for purposes of current refunding the Agency’s Revenue Bond (Fletcher Allen Health Care Project) Refunding Series 2013A issued on behalf of the Borrower (the “2013 Bond”), and paying certain costs incurred in connection with the issuance of the Bond.

The proceeds of the 2013 Bond were used to current refund the Agency’s Variable Rate Hospital Revenue Bonds (Fletcher Allen Health Care Project) Series 2000A (the “2000A Bonds”), which were issued by the Agency for the purpose of (i) paying or reimbursing the Borrower for paying, a portion of the cost of the acquisition, construction, refurbishing and equipping of: (a) a new ambulatory care facility and laboratory therein, (b) a new cancer center for treatment, teaching and clinical research, (c) a new education center consisting of teaching laboratories, simulation rooms, offices, a conference center and an auditorium, (d) a patient access center, (e) moveable equipment at the Borrower’s Fanny Allen Campus and (f) certain Borrower routine capital improvements and equipment (collectively, the “Project”); (ii) funding a debt service reserve fund; and (iii) paying certain expenses in connection with the authorization and issuance of the 2000A Bonds.

The Borrower is and will be the legal owner and principal user of the Project all of which constitutes an integrated operation of the Borrower at 111 Colchester Avenue, Burlington, Vermont.

Please Take Notice that the Agency will hold a public hearing as required by Section 147(f) of the Code at 10:00 a.m. on January 3, 2023, at which time any person may be heard regarding the issuance of the proposed Bond, the refinancing of the Project, and the refunding of the 2013 Bond described above.

In light of the continuing COVID-19 pandemic, the general public may participate in the public hearing by calling the following toll-free telephone number 833-548-0282 and use meeting I.D. 354 583 7863#.  Members of the general public may also participate in the public hearing by Zoom.  Requests for Zoom access should be submitted to the Agency via email at michael@vtbondagency.org no later than 9:00 a.m. on January 3, 2023.

Written comments may also be submitted to the Agency via email at michael@vtbondagency.org no later than 9:00 a.m. on January 3, 2023.

Documents regarding the proposed Bond and other public records regarding the Project described above are in the possession of the Agency and may be viewed on the Agency’s website at: http://www.vehbfa.org/non-profit-finance-announcements/.

Any person who decides to appeal any decision made by the Agency with respect to any matter considered at its hearing will need a record of the proceedings.  Such person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.  Vermont Educational and Health Buildings Financing Agency, Burlington, Vermont (the “Agency”), a body corporate and politic constituting a public instrumentality of the State of Vermont, proposes to issue its Vermont Educational and Health Buildings Financing Agency Revenue Bonds (The Putney School Project) (the “Bonds”) in a total principal amount not to exceed $13,000,000, as qualified 501(c)(3) bonds as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”), to make a loan to The Putney School (the “School”) for the purposes of: (i) paying, or reimbursing the School for paying, a portion of the cost of acquiring, constructing, equipping and furnishing two new dormitories, each consisting of a two-story building of approximately 16,000 square feet, with 11 double-occupancy dorm rooms and 2 three-bedroom faculty apartments, and related improvements and sitework, and other capital projects relating to the School’s capital facilities over the next three fiscal years (collectively, the “Project”); and (ii) paying certain costs incurred in connection with the issuance of the Bonds.

The School is and will be the legal owner and principal user of the Project, all of which constitutes an integrated operation of the School and located on its main campus at 418 Houghton Brook Road, Putney, Vermont, 05346, and 499 Houghton Brook Road, Putney, Vermont 05346.

Please Take Notice that the Agency will hold a public hearing as required by Section 147(f) of the Code at 10:00 a.m. on April 13, 2022, at which time any person may be heard regarding the issuance of the proposed Bonds and the financing of the Project described above.

The general public may participate in the public hearing by calling the following toll-free telephone number: 833-548-0282 and use meeting I.D.: 354 583 7863#.  Members of the general public may also participate in the public hearing by Zoom.  Requests for Zoom access should be submitted to the Agency via email at michael@vtbondagency.org no later than 9:00 a.m. on April 13, 2022.

Written comments may also be submitted to the Agency via email at michael@vtbondagency.org no later than 9:00 a.m. on April 13, 2022.

Documents regarding the proposed Bonds and other public records regarding the Project described above are in the possession of the Agency and may be viewed on the Agency’s website at:  http://www.vehbfa.org/non-profit-finance-announcements/.

Any person who decides to appeal any decision made by the Agency with respect to any matter considered at its hearing will need a record of the proceedings.  Such person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

   
  /s/ Michael Gaughan
  Executive Director
  Vermont Educational and Health Buildings Financing Agency

VEHBFA NOTICE OF PUBLIC HEARING ON APRIL 13, 2022

VERMONT EDUCATIONAL AND HEALTH BUILDINGS FINANCING AGENCY NOTICE OF PUBLIC HEARING

Vermont Educational and Health Buildings Financing Agency, Burlington, Vermont (the “Agency”), a body corporate and politic constituting a public instrumentality of the State of Vermont, proposes to issue its Vermont Educational and Health Buildings Financing Agency Revenue Bonds (The Putney School Project) (the “Bonds”) in a total principal amount not to exceed $13,000,000, as qualified 501(c)(3) bonds as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”), to make a loan to The Putney School (the “School”) for the purposes of: (i) paying, or reimbursing the School for paying, a portion of the cost of acquiring, constructing, equipping and furnishing two new dormitories, each consisting of a two-story building of approximately 16,000 square feet, with 11 double-occupancy dorm rooms and 2 three-bedroom faculty apartments, and related improvements and sitework, and other capital projects relating to the School’s capital facilities over the next three fiscal years (collectively, the “Project”); and (ii) paying certain costs incurred in connection with the issuance of the Bonds.

The School is and will be the legal owner and principal user of the Project, all of which constitutes an integrated operation of the School and located on its main campus at 418 Houghton Brook Road, Putney, Vermont, 05346, and 499 Houghton Brook Road, Putney, Vermont 05346.

Please Take Notice that the Agency will hold a public hearing as required by Section 147(f) of the Code at 10:00 a.m. on April 13, 2022, at which time any person may be heard regarding the issuance of the proposed Bonds and the financing of the Project described above.

The general public may participate in the public hearing by calling the following toll-free telephone number: 833-548-0282 and use meeting I.D.: 354 583 7863#.  Members of the general public may also participate in the public hearing by Zoom.  Requests for Zoom access should be submitted to the Agency via email at michael@vtbondagency.org no later than 9:00 a.m. on April 13, 2022.

Written comments may also be submitted to the Agency via email at michael@vtbondagency.org no later than 9:00 a.m. on April 13, 2022.

Documents regarding the proposed Bonds and other public records regarding the Project described above are in the possession of the Agency and may be viewed on the Agency’s website at:  http://www.vehbfa.org/non-profit-finance-announcements/.

Any person who decides to appeal any decision made by the Agency with respect to any matter considered at its hearing will need a record of the proceedings.  Such person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

   
  /s/ Michael Gaughan
  Executive Director
  Vermont Educational and Health Buildings Financing Agency

VEHBFA NOTICE OF PUBLIC HEARING ON MARCH 31, 2022

VERMONT EDUCATIONAL AND HEALTH BUILDINGS FINANCING AGENCY NOTICE OF PUBLIC HEARING

Vermont Educational and Health Buildings Financing Agency, Burlington, Vermont (the “Agency”), a body corporate and politic constituting a public instrumentality of the State of Vermont, proposes to issue, pursuant to a plan of financing, one or more issues of its Vermont Educational and Health Buildings Financing Agency Revenue and Refunding Revenue Bonds (Middlebury College Project) (the “Bonds”) in a total principal amount not to exceed $105,000,000, as qualified 501(c)(3) bonds as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”) to make one or more loans to The President and Fellows of Middlebury College (the “College”) for the purposes of: (i) paying, or reimbursing the College for paying, a portion of the cost of acquiring, constructing, renovating or equipping a new dormitory consisting of approximately 276 beds and 84,000 square feet, and other capital projects relating to the College’s capital facilities over the next two fiscal years, including, but not limited to, renovations to the Johnson Memorial Building, rehabilitation and replacement of various athletic facilities, including Kohn Field, soccer fields, and tennis courts, and upgrade of information systems (collectively, the “2022 Project”); (ii) currently refunding all or a portion of the Agency’s outstanding Revenue Refunding Bonds (Middlebury College Project) Series 2012A and Series 2012B issued on behalf of the College (the “2012 Bonds”), and (iii) paying certain costs incurred in connection with the issuance of the Bonds.

The proceeds of the 2012 Bonds were used for the purposes of (i) refunding the Agency’s outstanding Revenue Bonds (Middlebury College Project) Series 2002A (the “2002 Bonds”) and (ii) paying certain costs incurred in connection with the issuance of the 2012 Bonds.

The 2002 Bonds were issued for the purposes of (i) paying, or reimbursing the College for paying, a portion of the costs of (a) the acquisition, construction and equipping of (I) an approximately 135,000 sq. ft. library and technology center, and (II) the Atwater Commons Project, consisting of two residence halls containing approximately 155 beds and an approximately 255-seat dining hall with a lounge and a seminar room, together with related parking and site improvements, and (b) the renovation of several buildings located throughout the main campus of the College (collectively, the “2002 Project”), (ii) refunding the Agency’s outstanding Revenue Bonds (Middlebury College Project) Series 1992 (the “1992 Bonds”), and (iii) paying certain costs incurred in connection with the issuance of the 2002 Bonds.

The 1992 Bonds were issued for the purposes of (i) paying, or reimbursing the College for paying, a portion of the costs of (a) the renovation of several buildings located throughout the main campus of the College, including Commons House, the College’s main dining hall located in Proctor Hall, and dormitories on campus, including Milliken, Hadley, Kelly and Lang, and (b) various capital improvements throughout the main campus of the College, including the replacement of a heating/boiler unit with the addition of a cogeneration unit, the replacement of a fire hood at the College’s science center the installation of a telephone switching system, the addition of fiber optics for the College’s computer system, the construction of a track and soccer field and a number of environmental and energy conservation projects on campus (collectively, the “1992 Project”), and (ii) paying certain costs incurred in connection with the issuance of the 1992 Bonds.

The College is and will be the legal owner and principal user of the 1992 Project, 2002 Project and 2022 Project (collectively, the “Projects”), all of which constitute an integrated operation of the College and are located on its main campus in Middlebury, Vermont 05753.

Please Take Notice that the Agency will hold a public hearing as required by Section 147(f) of the Code at 10:00 a.m. on March 31, 2022 at which time any person may be heard regarding the issuance of the proposed Bonds, the financing of the 2022 Project, and the refunding of the 2012 Bonds described above.

In light of the continuing COVID-19 pandemic, the general public may participate in the public hearing by calling the following toll-free telephone number 833 548 0282 and use meeting I.D. : 354 583 7863#.  Members of the general public may also participate in the public hearing by Zoom.  Requests for Zoom access should be submitted to the Agency via email at michael@vtbondagency.org no later than 9:00 a.m. on March 31, 2022.

Written comments may also be submitted to the Agency via email at michael@vtbondagency.org no later than 9:00 a.m. on March 31, 2022.

Documents regarding the proposed Bonds and other public records regarding the Projects described above are in the possession of the Agency and may be viewed on the Agency’s website at:  http://www.vehbfa.org/non-profit-finance-announcements/

Any person who decides to appeal any decision made by the Agency with respect to any matter considered at its hearing will need a record of the proceedings.  Such person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

   
  /s/ Michael Gaughan
  Executive Director
  Vermont Educational and Health Buildings Financing Agency

VEHBFA NOTICE OF PUBLIC HEARING ON OCTOBER 28, 2021

VERMONT EDUCATIONAL AND HEALTH BUILDINGS
FINANCING AGENCY NOTICE OF PUBLIC HEARING

Vermont Educational and Health Buildings Financing Agency, Burlington, Vermont (the “Agency”), a body corporate and politic constituting a public instrumentality of the State of Vermont, intends to issue its Vermont Educational and Health Buildings Financing Agency Revenue and Revenue Refunding Bonds (Southwestern Vermont Medical Center Project) Series 2021 (the “Bonds”), in an amount not to exceed $29,700,000, as qualified 501(c)(3) bonds as defined in Section 145 of the Internal Revenue Code of 1986 (the “Code”) to make a loan to Southwestern Vermont Medical Center, Inc. (the “Borrower”) for purposes of:

(1) paying, or reimbursing the Borrower for paying, a portion of the cost of acquiring, constructing, renovating or equipping capital projects relating to the Borrower’s hospital capital facilities, including, but not limited to: (a) the addition of 6,700 square feet of new construction to, and renovation of its existing Emergency Department, including demolition of the Lodge Building, creation of a new main entrance and lobby, relocation of outpatient registration, phlebotomy, and the imaging department’s waiting room, minor upgrades to the café and laboratory, creation of a mental health crisis area within the Emergency Department, equipment to support telemedicine communication installed in the Emergency Department treatment rooms, and equipping the Emergency Department with negative pressure and other safety features to deal with potentially infectious situations, and (b) various capital expenditures in the Borrower’s fiscal year 2022 capital budget, including new inpatient hospital beds, a hospital wide cardiac monitoring system, and other clinical related equipment (the capital projects described in clauses (a) and (b) are referred to collectively as the “2021 Project”);

(2) current refunding the Agency’s Variable Rate Demand Revenue Bonds (Southwestern Vermont Medical Center Project) 2008 Series A issued on behalf of the Borrower (the “2008 Bonds”); and

(3) paying certain costs incurred in connection with the issuance of the Bonds.

The proceeds of the 2008 Bonds were used to current refund the Agency’s Hospital Revenue Bonds (Southwestern Vermont Medical Center Project), Series 1995 issued on behalf of the Borrower to finance the acquisition, construction, and equipping of approximately 56,800 gross square feet of new space, with related renovation, attached to the Borrower’s West Wing containing a new surgical suite, ambulatory care center, maternity center, central sterile supply and enlarged facilities for cardiology and respiratory services and a new cancer center, and the cost of renovating and equipping existing hospital facilities (the “1995 Project”).

The Borrower is and will be the legal owner and principal user of the 2021 Project and the 1995 Project (collectively, the “Projects”) all of which constitute an integrated operation of the Borrower and are located at 100 Hospital Drive, Bennington, Vermont

Please Take Notice that the Agency will hold a public hearing as required by Section 147(f) of the Code at 10:00 a.m. on October 28, 2021 at which time any person may be heard regarding the issuance of the proposed Bonds, the financing of the 2021 Project, and the refunding of the 2008 Bonds described above.

In light of the continuing COVID-19 pandemic, the general public may participate in the public hearing by calling the following toll-free telephone number 833-548-0282 and use meeting I.D. 354 583 7863#.  Members of the general public may also participate in the public hearing by Zoom.  Requests for Zoom access should be submitted to the Agency via email at michael@vtbondagency.org no later than 9:00 a.m. on October 28, 2021.

Written comments may also be submitted to the Agency via email at michael@vtbondagency.org no later than 9:00 a.m. on October 28, 2021.

Documents regarding the proposed Bonds and other public records regarding the Projects described above are in the possession of the Agency and may be viewed on the Agency’s website at: https://live-vehbfa.pantheonsite.io/non-profit-finance-announcements/

Any person who decides to appeal any decision made by the Agency with respect to any matter considered at its hearing will need a record of the proceedings.  Such person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

 

   
  /s/ Michael Gaughan
  Executive Director
  Vermont Educational and Health Buildings Financing Agency

VEHBFA NOTICE OF PUBLIC HEARING ON FEBRUARY 19, 2021

VERMONT EDUCATIONAL AND HEALTH BUILDINGS
FINANCING AGENCY NOTICE OF PUBLIC HEARING

Vermont Educational and Health Buildings Financing Agency, Winooski, Vermont (the “Agency”), a body corporate and politic constituting a public instrumentality of the State of Vermont, intends to issue its Vermont Educational and Health Buildings Financing Agency Revenue Bonds (Gifford Medical Center Project) 2021 Series A (the “Bonds”), in an amount not to exceed $18,000,000, as qualified 501(c)(3) bonds, as defined in Section 145 of the Internal Revenue Code of 1986, to make a loan to Gifford Medical Center, Inc. (the “Corporation”) for purposes of (i) refunding the Agency’s outstanding Revenue Bond (Gifford Medical Center Project) 2014 Series A, issued on behalf of the Corporation (the “2014 Bonds”); and (ii) paying a portion of certain expenses incurred in connection with the issuance of the Bonds.

The proceeds of the 2014 Bonds were used for the purposes of (i) current refunding the Agency’s outstanding Revenue Bond (Gifford Medical Center Project) 2010 Series A, issued on behalf of the Corporation (the “2010 Bonds”); (ii) financing a portion of the costs of renovating, reconstructing and equipping its 30-bed skilled nursing facility that was located within the Corporation’s hospital facilities into 25 single-occupancy room, medical/surgery/transitional care units, together with the subsequent relocations of the birthing center and the inpatient physical therapy gym (collectively, the “2014 Project”); and (iii) paying certain expenses incurred in connection with the issuance of the 2010 Bonds.

The 2010 Bonds were issued to provide funds to the Corporation to (i) refund the Agency’s outstanding Hospital Revenue Bonds (Gifford Medical Center Project) 2006 Series A, issued on behalf of the Corporation (the “2006 Bonds”); and (ii) pay certain expenses incurred in connection with the issuance of the 2010 Bonds.

The proceeds of the 2006 Bonds were used to provide funds to the Corporation to (i) refund the Agency’s outstanding Variable Rate Demand Hospital Revenue Bonds (Gifford Medical Center Project) 2003 Series A, issued on behalf of the Corporation (the “2003 Bonds”); (ii) financing a portion of the costs of acquiring, constructing, renovating and equipping capital projects with respect to the Corporation’s medical care facilities, including (a) the construction of a ten-bed addition to the Corporation’s Nursing Home, the renovation and reconfiguring of the Corporation’s Rehabilitative Services Department, Diagnostic Imaging Department, Pharmacy, Laboratory and some of its provider clinics, (b) facility system upgrades, including upgrades of the Corporation’s emergency power systems, coolers, chillers and other upgrades, the addition of a new patient/visitor entrance serving the Obstetrics Department, the Medical Surgical Units, the Swing Bed Unit and the Nursing Home, and upgrades and replacements of medical technology equipment for diagnostic services (including for the Corporation’s Diagnostic Imaging Department, Respiratory Therapy Department, Laboratory and some of its provider clinics), procedural services (including for the Corporation’s Operating Room, Ambulatory Care Department and some of its outpatient clinics), and support services (including for the Corporation’s Information Systems Department and other support departments), and (c) minor renovations, soundproofing, and patient privacy and comfort improvement projects (collectively, the “2006 Project”); and (iii) pay certain expenses incurred in connection with the issuance of the 2006 Bonds.

The proceeds of the 2003 Bonds were used to provide funds to the Corporation to (i) (a) pay a portion of the costs of acquiring, constructing, renovating and equipping capital projects with respect to the Corporation’s medical care facilities, including building, equipment and land infrastructure renovations, in-patient and out-patient renovations, radiology equipment, including nuclear scanners, information systems, patient record renovations and equipment (HIPAA compliance), laboratory analyzers, and surgical equipment and (b) refinance existing taxable debt that financed a portion of the costs of acquiring, constructing, renovating and equipping capital projects with respect to the Corporation’s medical care facilities, including information systems, qualified clinical practice space, land improvements including parking, operating and emergency room renovations and equipment, in-patient area renovations, radiology furnishings and equipment, and new main entrance and patient receiving areas (items (a) and (b) collectively, the “2003 Project”); and (ii) pay certain expenses incurred in connection with the issuance of the 2003 Bonds.

The Corporation is and will be the legal owner and principal user of the 2014 Project, the 2006 Project and the 2003 Project (collectively, the “Prior Projects”).  The Prior Projects are located at the Corporation’s medical care facilities sites located (a) in Randolph, Vermont at 36-53 South Main Street, 38-44 South Main Street, and 4 Maple Street, (b) in Bethel, Vermont at 1823 VT Route 107, (c) in Sharon, Vermont at 12 Shippee Lane, (d) in Rochester, Vermont at 235 South Main Street, and (e) in Chelsea, Vermont at 356 VT Route 110.

Please Take Notice that the Agency will hold a public hearing at 10:30 a.m. on February 19, 2021 at which time any person may be heard regarding the issuance of the proposed Bonds, the refunding of the 2014 Bonds, and refinancing of the Prior Projects described above.

During the current declared state of emergency under 20 V.S.A. Chapter 1 due to the COVID-19 pandemic, in order to protect the health and welfare of the public in the State of Vermont while providing access to the operations of government, the general public may participate in the public hearing by calling the following toll-free telephone number 888 475 4499 and use meeting I.D. 963 1414 8665#.  Members of the general public may also participate in the public hearing by Zoom.  Requests for Zoom access should be submitted to the Agency via email at michael@vtbondagency.org no later than 10:00 a.m. on February 19, 2021.

Written comments may also be submitted to the Agency via email at michael@vtbondagency.org no later than 10:30 a.m. on February 19, 2021.

Documents regarding the proposed Bonds and other public records regarding the Projects described above are in the possession of the Agency and may be viewed on the Agency’s website at https://live-vehbfa.pantheonsite.io/non-profit-finance-announcements/.

Any person who decides to appeal any decision made by the Agency with respect to any matter considered at its hearing will need a record of the proceedings.  Such person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

   
  /s/ Michael Gaughan
  Executive Director
  Vermont Educational and Health Buildings Financing Agency