Notice of Intention To Issue Revenue Bonds Or Notes (Fall River Health Services Project)_FAll River County

Exhibit A
Notice of Intention
To Issue Revenue Bonds Or Notes
(Fall River Health Services Project)
    
The County Commission of Fall River County, South Dakota, (the “County”) will meet on the 20th day of October, 2020, at 10:00 a.m., at the County Courthouse, 906 North River Street, Hot Springs, South Dakota, for the purpose of conducting a public hearing on the proposal to issue revenue refunding bonds or notes, in one or more series, of the County, in an aggregate principal amount not to exceed $10,000,000 in one or more series (the “Bonds”), and to loan said amount to Fall River Health Services, a South Dakota nonprofit corporation (the “Borrower”), for the purpose of providing funds to the Borrower to (a) refinance certain outstanding indebtedness of the Borrower, the proceeds of which were used to acquire, construction, furnish and equip a new 25- bed hospital facility and ancillary services, a 48-bed new nursing facility attached to the hospital, a physician’s outpatient clinic, and site and other improvements, all located at 1201 Highway 71 South, Hot Springs, South Dakota 57747 (the “Project”) (b) to fund any necessary reserve funds, and (c) to pay certain costs of issuance and certain other costs associated with the issuance of the Bonds. The Project and the facilities refinanced by the Bonds will be owned and operated by the Borrower.
The Bonds, when issued, will not constitute general obligations of the County nor will they be payable in any manner by taxation, but the Bonds will be payable solely and only from amounts received by the County under a Loan Agreement between the County and the Borrower, the obligations of which will be sufficient to pay the principal of and interest and redemption premium, if any, on the Bonds as and when the same shall become due.
At the time and place stated above, oral or written objections from any resident or property owner of the County may be presented. At such meeting or any adjournment thereof, the County shall adopt an ordinance determining whether or not to proceed with the issuance of the Bonds. Written comments may also be submitted to the County Commissioners at the Fall River County Courthouse, 906 North River Street, Hot Springs, South Dakota 57747. Comments may also been emailed to the County Auditor at This email address is being protected from spambots. You need JavaScript enabled to view it.. Written or emailed comments must be received by the above hearing date.
By order of the County Commission of Fall River County, South Dakota.
/Joe Falkenburg/
Chairman Joe Falkenburg
Published once at the total approximate cost of $33.12
Published: Oct. 15, 2020

Fall River County Herald Star

EDGEMONT OFFICE: 410 2nd Avenue   Edgemont, SD 57735-0660 | 605.662.7201
HOT SPRINGS OFFICE: 334 S. Chicago St.  Hot Springs, SD 57747 | 605.745.3930
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