Notice of Public Hearing to be Held on October 8, 2025 – Tamarisk, Inc.

NOTICE OF PUBLIC HEARING

NOTICE IS HEREBY GIVEN that a public hearing will be conducted by the Rhode Island Health and Educational Building Corporation (the “Corporation”) at 9:45 a.m. on Wednesday, October 8, 2025 via the following toll-free telephonic conference lines and Meeting ID and Passcode:

https://us06web.zoom.us/j/81823482906?pwd=YYx1z8QVnbcGzyEfaALm6XGzs9ZScV.1

Meeting ID: 818 2348 2906

Passcode: 654161

One tap mobile:

+13017158592,,81823482906#,,,,*654161# US (Washington DC)

+13052241968,,81823482906#,,,,*654161# US

The purpose of the public hearing will be to consider the proposal of Tamarisk, Inc., a ‎Rhode Island nonprofit corporation (the “Borrower”), that the Corporation issue qualified 501(c)(3) ‎bonds (as ‎defined in Section 145 of the Internal Revenue Code), in one or more series pursuant to a plan of finance, in a maximum aggregate principal amount not to ‎exceed $8,000,000 (the “Bonds”) to finance and refinance certain facilities owned and operated by the Borrower for healthcare purposes and located on the Borrower’s campus at 3 Shalom Drive in Warwick, Rhode Island (the “Campus”), and adjacent and proximate sites.  The new projects expected to be financed include, but are not limited to, (i) renovations, renewal and repurposing, and/or deferred maintenance improvements to the Borrower’s assisted living facility; (ii) the acquisition of certain machinery, furniture and equipment; (iii) fire system, HVAC and plumbing improvements; (iv) roof replacement; (v) other miscellaneous capital projects included in the Borrower’s capital budget for fiscal years 2025 through 2028; and (vi) other improvements related to the foregoing, all to be located on the Campus and adjacent or proximate sites.  Proceeds of the Bonds are also expected to refinance certain previously issued debt that financed the following projects on Campus:  (a) the acquisition, construction, renovation, equipping and furnishing of an approximately 64,000 square foot, assisted living facility consisting of approximately 66 units consisting of approximately 47 traditional assisted living apartments and 19 dementia care residences; (b) the funding of an Operating Reserve Fund; and (c) the payment of certain expenses of issuance related to the debt to be refinanced.  Proceeds of the Bonds may also be used to pay costs of issuance of the Bonds.

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 members of the public are invited to participate in the hearing and to offer comments and ask questions with regard to the issuance of the above-referenced Bonds and the location and nature of the projects to be financed and refinanced therewith. Those requesting interpretative service for the hearing impaired must notify the Corporation at (401) 831-3770 at least forty-eight (48) hours in advance of this meeting.

Dylan Zelazo

Executive Director

Rhode Island Health and Educational Building Corporation