Notice of Public Hearing to be Held on June 24, 2024

NOTICE OF PUBLIC HEARING

NOTICE OF PUBLIC HEARING TO BE HELD BY THE RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORPORATION CONCERNING THE REFINANCING OF A PROJECT FOR BLACKSTONE VALLEY COMMUNITY HEALTH CARE, INC. Notice is hereby given that the Rhode Island Health and Educational Building Corporation (the “Corporation”) will hold a public hearing on June 24, 2024 at 10:00 a.m. The Corporation hereby notifies interested persons that the public hearing will be held via teleconference in lieu of an in-person public hearing. Persons wishing to participate in the hearing may attend by teleconference by using the toll free telephone number and passcode listed below:

Dial-in: (866) 528-2256 (toll free)
Participant Code: 5962298#

The purpose of the hearing will be to consider the issuance of qualified 501(c)(3) bonds as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”) by the Corporation in a maximum aggregate principal amount not to exceed $7,500,000 (the “Bonds”), for a project owned by the Blackstone Valley Community Health Care, Inc., a Rhode Island nonprofit corporation, or one or more affiliates thereof (collectively, the “Institution”). The proceeds of the Bonds will be used by the Institution to (a) refinance certain outstanding indebtedness the proceeds of which were used for the ultimate purpose of financing the construction, renovation, improvement, furnishing and equipping of an approximate 47,000 square foot, four-story community health center located at 1000 Broad Street, Central Falls, Rhode Island and (b) pay costs of issuance of the Bonds and the Corporation’s administrative fees.

Neither the State of Rhode Island nor the Corporation is obligated to pay the principal or redemption price of or interest on the Bonds and neither the faith and credit nor the taxing power of the State of Rhode Island or any municipality or political subdivision thereof is pledged to the payment of the Bonds. The Corporation does not have taxing power. Interested persons are invited to offer comments and ask questions with regard to the issuance of the above-referenced Bonds and the location and nature of the facilities to be financed and refinanced therewith. Those requesting interpreter services for the hearing impaired must notify the Corporation (401-831-3770) at least 48 hours in advance of the hearing.

Dylan Zelazo
Executive Director and Hearing Officer
Rhode Island Health and Educational Building Corporation