2016-418-Resolution No. 2016-023 Recorded 8/16/2016VIEWED
/ nfl
LEGAL COUNSEL
NANCYUBLANKENSHIp, COUNTY CLERKS CJ 2016.418
COMMISSIONERS' JOURNAL 08/16/2016 03:26:06 PM
IIIIIIIIIIIIIIIIIIIIIIIIII IIIA
2015-418
For Recording Stamp Only
BEFORE THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES COUNTY,
OREGON
A Resolution Approving Issuance of Hospital *
Revenue Bonds, Series 2016 (St. Charles
Health System) by the Hospital Facility
Authority of Deschutes County, Oregon. *
RESOLUTION NO.2016-023
WHEREAS, the Board of County Commissioners (the "Board") of Deschutes County,
Oregon ("County") acknowledges that The Hospital Facility Authority of Deschutes County,
Oregon ("Authority") has received a request from St. Charles Health System, Inc., a nonprofit
corporation organized and existing under the laws of the State of Oregon ("Borrower") to issue
its Hospital Revenue Bonds, Series 2016 (St. Charles Health System), in one or more series (the
"Bonds"), pursuant to a plan of finance, in an aggregate issue price not to exceed $201,000,000;
and
WHEREAS, the proceeds of the Bonds are expected to be used for the purpose of (i)
refinancing all or a portion of prior debt obligations issued by the Issuer on behalf of the
Borrower, in an amount not to exceed $124,000,000, which financed and refinanced the costs of
capital construction, acquisition, development, improvements, renovations and equipment
located in Deschutes County at: 2500 NE Neff Road, Bend, OR 97701; 2600 NE Neff Road,
Bend, OR 97701; 2042 NE Williamson Court, Bend, OR 97701; 2100 NE Wyatt Court, Bend,
OR 97701; 2275 NE Doctors Drive, Suite 5, Bend, OR 97701; 2542 NE Courtney Drive, Bend,
OR 97701; 2965 NE Conners Ave., Suite 127, Bend, OR 97701; 1253 NW Canal Blvd.,
Redmond, OR 97756; 1541 NW Canal Blvd., Redmond, OR 97756; 1245 NW 4th Street, Suite
101, Redmond, OR 97756; 211 NW Larch Ave., Redmond, OR 97756; 213 NW Larch Ave.,
Suite B, Redmond, OR 97756; 655 NW Jackpine Ave., Redmond, OR 97756; and 630 N
Arrowleaf Trail, Sisters, OR 97759 (collectively, the "Deschutes County Facilities"); in the City
of Madras at 470 NE A Street, Madras, OR 97741; and in the City of Prineville at 384 SE Combs
Flat Road, Prineville, OR 97754; and (ii) financing all or a portion of the costs of capital
construction, acquisition, development, improvements, renovations and equipment, in an amount
not to exceed $77,000,000, at the healthcare facilities of the Borrower located at the Deschutes
County Facilities (collectively, the "Projects"); and
Page 1 of 3 - RESOLUTION NO. 2016-023 (08/15/16)
WHEREAS, the principal of and interest on the Bonds will not constitute a debt of the
County nor shall the Bonds be payable from a tax of any nature levied upon any property within the
County nor any other political subdivision of the State of Oregon. The Authority has no taxing
power. The Bonds will be payable only from the revenues and resources provided by the Borrower;
and
WHEREAS, the Internal Revenue Code of 1986 (the "Code") authorizes the issuance of
revenue bonds for a "qualified 501(c)(3) entity," such as the Borrower; and
WHEREAS, Section 147(f) of the Code requires that qualified 501(c)(3) bonds be approved
by the applicable elected representatives of the governmental unit having jurisdiction over the area
in which the projects are located and the Board of County Commissioners of Deschutes County are
the applicable elected representatives of the governmental unit having jurisdiction over the portion
of the projects being financed with the proceeds of the Bonds located in the County; and
WHEREAS, on the date of this Resolution, the Board conducted a public hearing, adequate
notice of this hearing having been published pursuant to Section 147(0 of the Code, to provide a
reasonable opportunity for members of the public to express their views regarding the issuance of
the Bonds and the uses and purposes of the proceeds of the Bonds; and
WHEREAS, on August 15, 2016, the Authority adopted a Resolution authorizing the sale
and issuance of the Bonds; and
WHEREAS, if deemed necessary and desirable, the Common Council of the City of Madras
and the City Council of the City of Prineville will conduct public hearings and adopt resolutions
approving the issuance of the Bonds by the Authority for the portion of the Projects located in
their respective jurisdictions and authorizing the execution and delivery of an intergovernmental
cooperation agreement; and
WHEREAS, the County finds that it would be in the best interest of the County to
approve of the issuance of the Bonds by the Authority pursuant to the requirements of Section
147(0 of the Code;
BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF DESCHUTES
COUNTY, OREGON, as follows:
Section 1. As the applicable elected representatives of the governmental unit having
jurisdiction over the Authority and over the area in which a portion of the Projects are located,
and having concluded that a public hearing was validly held to provide a reasonable opportunity
for members of the public to express their views regarding the issuance of the Bonds and the
uses and purposes of the proceeds of the Bonds, the Board of the County approves of the
issuance of the Bonds by the Authority.
Section 2. This resolution is effective immediately upon passage.
Page 2 of 3 — RESOLUTION NO. 2016-023 (08/15/16)
Dated this 15th day of August, 2016.
ATTEST:
Recording Secretary
BOARD OF COUNTY COMMISSIONERS OF
DESCHUTES COUNTY, OREGON
bt„..,_
ALAN UNGER, Chair
TAMMY BANEY,ce Chair
ar0/964r----
ANTHONY DEBONE, Commissioner
Page 3 of 3 — RESOLUTION NO. 2016-023 (08/15/16)
OHSUSA:765607613
Affidavit of Publication
STATE OF OREGON, COUNTY OF DESCHUTES
I, Debby Winikka, a citizen of the United States and a resident of.the county aforesaid; I am over the age of
eighteen years, and not party to or interested in the above -entitled matter. I am the principal clerk of the printer of
The Bulletin
1777 SW Chandler Ave, Bend OR 97702
a daily newspaper of general circulation, published in the aforesaid county and state as defined by
ORS 193.010 and ORS 193.020, that
Acct Name: St. Charles Health System - Legals
Case:
Legal Description: LEGAL NOTICE,
NOTICE OF PUBLIC HEARING: August 15, 2016,
10:00 a.m., Deschutes County Administration Building Commissioners'
Hearing Room, 1300 NW Wall...
a printed copy of which is hereto affixed was published in each regular and entire issue of the said
newspaper and not in any supplement thereof on the following dates, to wit:
8/1/16 Page C2
I certify (or declare) under penalty of perjury that the foregoing is true and correct.
Dated at Bend, Oregon, this 4 day of August, 2016. (/L/5�
Signature
AdName: 20775866A
State of Oregon, County of Deschutes
Subscribed and Sworn to before me this /A day of
V OW cr/S
Notary Public for Oregon
No.
In the Court of the
STATE OF OREGON
for the
COUNTY OF DESCHUTES
AFFIDAVIT OF PUBLICATION
Filed
By
From the Office of
Attorney for
0by_ , ct OJ UD U/1,0( a
OFFICIAL STAMP
KATHLEEN ROSE; MCCOOL
NOTARY PUBLIC -OREGON
COMMISSION NO. 940877
MY COMMISSION EXPIRES JULY 19, 2019
-100 __
r Legal,Notices:•,.:
LEGAL NOTICE
MONTHLY BOARD
MEETING
ARNOLD IRRIGATION
DISTRICT
The Board of Direc-
tors of Arnold Irriga-
tion District will hold
their regular monthly
board meeting on
Tuesday, August 9,
2016 at 3:00 pm. The
meeting will be held at
the District offices lo-
cated at 19604 Buck
Canyon Rd., Bend,
OR.
' LEGAL NOTLCE
NOTICE OF PUB-
LIC HEARING: Au-
gust 15,2016; 10:00
a.m.; : r Deschutes
County' Administra-
tion Building
CommissionersL
Hearing j, Room,
1300 NW-.4Wall
Street, Bend, Or-
egon 97703. NO-
TICE IS HEREBY
GIVEN that a Pub-
lic Hearing will be
held by the Des-
chutes' County
Board of Commis-
sioners (the "Board
of Commissioners")
on Monday, August
15, 2016, at 10:00
a.m. In the
Commissioners'
Hearing Room at
the Deschutes
County Administra-
tion Building, 1300
NW Wall Street,
Bend, Oregon
97703. The pur-
pose of the meeting
is to conduct a pub- '
lic hearing for the?-
purpose of hearing
public comment on
a request by St.
Charles Health
System, an Oregon',
nonprofit corpora-
tion (the -
"Borrower"), to The
, Hospital Facility
Authority of Des-•
chutes County, Or-
egon (the "Issuer")
to issue its revenue
bonds, in one or
more series pursu-
ant to a plan of fi-
nance, with an ag-
gregate issue price
not to exceed
$201,000,000 (the
Bonds"). The pro-
ceeds of the Bonds
, are expected to be
used for the pur-
pose of (i) refinanc-
fM - a
----110001
Legal Notices
ing all or a portion of
prior debt obliga-
tions issued by the
Issuer on behalf of
the Borrower, in an
amount not to ex- .
ceed $124,000,000,
which' financed and
refinanced the costs
of capital construc-
tion, acquisition, de-
velopment, im-
provements,
renovations and
equipment located
in Deschutes
County at: 2500 NE
Neff Road, Bend;
OR 97701; 2600 NE
Neff Road, Bend,
OR 97701; 2042 NE ,
Williamson Court,
Bend, OR 97701;
2100 NE Wyatt
Court, Bend, OR
97701; 2275 NE
Doctors Drive, Suite
5, Bend, OR 97701;
2542 NE Courtney
Drive, Bend, OR
97701; 2965 NE
Conners Ave., Suite
127, Bend, OR
97701; 1253 NW
Canal Blvd., Red-
mond, OR 97756;
1541 NW Canal
Blvd., Redmond,
OR 97756; 1245
NW 4th Street, Suite
101, Redmond, OR.
97756; 211 IN
Larch Ave., Red-
mond, OR 97756;
213 NW Larch Ave.,
Suite B, Redmond,
OR 97756; 655 NW
Jackpine Ave.,
Redmond, OR
97756; and 630 N
Arrowleaf Trail,
Sisters, OR 97759
(collectively, the
Deschutes County
Facilities"); in the
City of Madras at
470 NE A Street,
Madras, OR 97741;
and in the City of
Prineville at 384 SE
Combs Flat Road,
Prineville, OR
97754; and (ii) fi-
nancing all or a por-
tion of the costs of
capital construction,
acquisition, devel-
opment, improve-
ments, renovations
and equipment, in
an amount not to
exceed
$77,000,000, at the
healthcare. facilities
of the Borrower lo-
cated at the Des-
chutes County Fa-
cilities (collectively,
the "Projects"). The
Borrower is the
owner of the
Projects. The princi-
pal of and interest
on the Bonds will
not constitute a debt
of the Issuer or De-
schutes County, Or-
egon (the "County"),
nor shall the Bonds
be payable from a
tax of any nature
levied upon any
property within the
County or the Cities
of Madras or
Prineville, nor within
any other political
subdivision of the
State of Oregon.
The Issuer has no
taxing power. The
Bonds will be pay-
able only from rev-
enues and re-
sources provided or
arranged by the
Borrower pledged to
the payment of the
Bonds and any
credit enhancement
arranged for the
Borrower. Section
147(0 of the Inter-
nal Revenue Code
of 1986 (the "Code")
requires that quali-
fied 501 (c)(3)
bonds, such as the
Bonds, must be ap-
proved by the appli-
cable elected repre-
sentatives of the
governmental unit
issuing such bonds
and the applicable
elected representa-
tives of a govem-
mental unit having
Jurisdiction over the
area in which the
assets are located.
The Board of Com-
missioners, as the
applicable elected
representatives of
the County, will
consider a Resolu-
tion approving of the
issuance of the
Bonds by the Issuer
to finance the
Projects. The pur-
pose of the public
hearing will be to
provide a reason-
able opportunity for
members of the
public to express
their views, orally or
in writing, regarding
the issuance of the
Bonds and the uses
and purposes of the
proceeds of the
Bonds. The hear-
ing will be con-
ducted in a manner
that provides a rea-
sonable opportunity
for persons with
differing views to be
heard on the ques-
tion of the issuance
of the Bonds., Writ-
ten comments may
be delivered at the
public hearing or
mailed to • the
County at the ad-
dress indicated
above. This notice is
published pursuant
to the public ap-
proval requirements
of Section 147(0 of
the Internal Rev-
enue Code of 1986,
as amended and the
regulations and rul-
ings issued there-
under. DES -
CHUTES COUNTY,
OREGON. Pub-
lished: August 1,
2016.
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