Publications iconKansas Register

Volume 40 - Issue 15 - April 15, 2021

State of Kansas

Kansas Development Finance Authority

Notice of Hearing

A public hearing will be held at 9:00 a.m. May 3, 2021, in the conference room of Kansas Development Finance Authority (the “Authority”), 534 S. Kansas Ave., Suite 800, Topeka, Kansas, on the proposed issuance by the Authority in one or more series of qualified 501(c)(3) revenue bonds (the “Bonds”) in a principal amount not to exceed $80,000,000. The Bonds will be issued pursuant to K.S.A. 74-8901 et seq. (the “Act”) and two separate plans of financing for the benefit of Stormont-Vail Healthcare, Inc. (the “Corporation”) for the following purposes: (1) to finance, refinance, and reimburse costs for the purchase, construction, furnishing, and equipping of health and related projects at certain facilities of the Corporation, in a principal amount not to exceed $40,000,000 including (i) not to exceed $13,000,000 for a new ambulatory medical services building located at 2902 SW Asbury Dr., Topeka, Kansas, (ii) not to exceed $10,000,000 for expansion, renovation, and equipping at the Corporation’s Cancer Center located at 1414 SW 8th Ave., Topeka, Kansas, (iii) not to exceed $33,000,000 for a new ambulatory medical services building to be located at near the intersection of Research Park Dr. and N. Manhattan Ave., Manhattan, Kansas, and (iv) not to exceed an aggregate of $20,000,000 for health care facilities and related improvements at the Corporation’s main hospital campus, the principal address for which is 1500 SW 10th Ave., Topeka, Kansas, and additional locations of the Corporation’s health facilities in the City of Topeka, including the following: 901 SW Garfield Ave.; 929 SW Mulvane St.; 1130 N. Kansas Ave.; 1615 SW 8th Ave.; 830 SW Mulvane St.; 909 SW Mulvane St.; 2601 SW 3rd Street (formerly SW E. Circle Dr. North); 2660 SW 3rd St.; 6650 SW Mission Valley Dr.; 3520 SW 6th; 720 SW Lane St.; 4100 SW 15th; 6725 SW 29th; 731 SW Mulvane; 3707 SW 6th; 823 SW Mulvane; 4505 NW Fielding Rd.; a two block area bound by SW 8th Ave., SW 10th Ave., SW Lane St., and SW Washburn Ave.; 830 SW Lane St.; as well as health facilities located in Manhattan, Kansas, including the following locations: 1829 College Ave.; 8301 Positano Dr.; and 1133 College Ave.; and (2) to refund $39,325,000 outstanding principal amount of Health Facilities Revenue Bonds (Stormont-Vail HealthCare) Series 2013J issued by the Authority to finance, refinance, and reimburse costs for the purchase, construction, furnishing, and equipping of health and related projects at certain facilities of the Corporation, located at the Corporation’s main hospital campus, and additional locations of the Corporation’s health facilities in the City of Topeka, including the following: 901 SW Garfield Ave.; 929 SW Mulvane St.; 1130 N. Kansas Ave.; 825 SW Lane St.; 808 SW Washburn Ave. and 816 SW Washburn Ave.; 1615 SW 8th Ave.; 830 SW Mulvane St.; 909 SW Mulvane St.; 2601 SW E. Circle Dr. North; 2660 SW 3rd St.; 900 SW Washburn Ave.; 920 SW Washburn Ave.; 1414 SW 8th; 6650 SW Mission Valley Dr.; 3520 SW 6th; 720 SW Lane St.; 4100 SW 15th; 6725 SW 29th; 731 SW Mulvane; and 3707 SW 6th. The projects financed and refinanced by the Bonds will be owned and operated by the Corporation. The Corporation, at its discretion, may allocate up to the entire maximum principal amount of the Bonds to any of the above described projects in order to finance, or refinance, all, a part, or none, of the improvements at each such locations.

The Bonds will be limited obligations of the Authority, payable solely from revenues pledged by the Corporation, and will not constitute a general obligation or indebtedness of the State of Kansas or any political subdivision thereof, nor will the Bonds constitute an indebtedness for which the faith and credit and taxing powers of the State of Kansas are pledged, but the Bonds will be payable solely and only from revenues pledged by the Corporation in amounts sufficient to pay the principal of, interest and redemption premium, if any, on the Bonds.

As part of ongoing efforts to limit the spread of novel coronavirus in Kansas, interested individuals may participate in the public hearing via conference call.  Please call toll free number 866-620-7326 and use conference identification number 159 722 1260 followed by # to join the conference.

All individuals who participate in the hearing, including those physically present and those joining the hearing via conference call, will be given an opportunity to express their views for or against the proposal to issue the Bonds, and all written comments previously filed with the Authority at its above referenced offices will be considered. Additional information regarding the Project may be obtained by contacting the Authority at the address of its offices shown above.

Rebecca E. Floyd
President

Doc. No. 049039