HEATH-NEWARK-LICKING COUNTY PORT AUTHORITY
NEWS RELEASE
FOR IMMEDIATE RELEASE
July 31, 2023
PORT AUTHORITY NOTICE OF PUBLIC HEARINGS
NOTICE OF PUBLIC HEARING
Notice is hereby given that a public hearing will be held by the Heath-Newark-Licking County Port Authority (the “Lessee”) on Tuesday, August 8, 2023 at 3:00 p.m. at the offices of the Heath-Newark-Licking County Port Authority, 851 Irving-Wick Drive West, Heath, Ohio 43056. This hearing is for the purpose of considering the Lessee’s approval of the issuance of lease obligations in a principal amount not to exceed $10,000,000 (Ten Million Dollars) (the “Lease Obligations”) pursuant to a Master Lease-Purchase and Sublease-Purchase Agreement and the Exhibits attached thereto (collectively, the “Agreement”) in order to provide “Port Authority Facilities” as defined in and pursuant to Section 4582.21 et seq. of the Ohio Revised Code. The proceeds of the Lease Obligations will be made available to Licking Memorial Hospital (the “Hospital”) to be used to finance: the construction, renovation, acquisition and installation of lab/radiology equipment and certain medical, information, clinical, technical, office equipment, electronic health record software and licenses for various departments of LMH at: (i) Licking Memorial Hospital, at its locations at 1320 West Main Street, Newark, Ohio 43055; 1717 West Main Street, Newark, Ohio 43055; 131 McMillen Drive, Newark, Ohio 43055; 1865 Tamarack Road, Newark, Ohio 43055; 1915 Tamarack Road, Newark, Ohio 43055; 2000 Tamarack Road, Newark, Ohio 43055; 15 Messimer Drive, Newark, Ohio 43055; 200 Messimer Drive, Newark, Ohio 43055; 14 Westgate Drive, Newark Ohio 43055; 20 W. Locust Street, Newark Ohio 43055 and One Healthy Place, Pataskala, Ohio 43062, and (ii) Licking Memorial Professional Corporation (“LMPC”) at its location at 1320 West Main Street, Newark, Ohio 43055, such improvements are collectively referred to herein as the “Project.” Under the Agreement, the Lessee will lease the Project from Park National Bank and such Lessee will sublease the Project to the Hospital. The Hospital and/or LMPC will be the initial legal owner or principal user of the Project. THE REVENUE OBLIGATIONS CREATED UNDER THE AGREEMENT SHALL NOT REPRESENT OR CONSTITUTE A DEBT OR PLEDGE OF THE FAITH AND CREDIT OR THE TAXING POWER OF THE LESSEE, THE COUNTY OF LICKING, OHIO OR THE STATE OF OHIO. Interested persons are invited to attend this public hearing and will be given the opportunity to express their views concerning the proposed issuance of the Lease Obligations under the Agreement. Anyone desiring to make written comments may give them to Richard J. Platt, President and CEO of the Heath-Newark-Licking County Port Authority, located at 851 Irving-Wick Drive West, Heath, Ohio 43056, on or before the date and time of the aforementioned hearing. This notice is given pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended.
/s/ Richard J. Platt
| President and CEO
Heath-Newark-Licking County Port Authority |
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