PUBLIC MEETING NOTICE
Philadelphia Authority for Industrial Development (the "Authority") will hold a public hearing on Wednesday, July 16, 2014, at 10:00 AM prevailing time, at the offices of Philadelphia Industrial Development Corporation located at 1500 Market Street, 2600 Centre Square West, Philadelphia, Pennsylvania 19102, to discuss the issuance of tax exempt bonds (the "Bonds") for the following project (the "Project"):
A. Owners: The Children's Hospital of Philadelphia, a Pennsylvania nonprofit corporation and The Children's Hospital of Philadelphia Foundation, a Pennsylvania nonprofit corporation (each, an "Institution" and, collectively, the "Institutions"), both exempt from Federal income taxation under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.
B. Maximum Amount of Bonds: $250,000,000, net of any original issue discount/premium.
C. Description of Project to be Financed: (i) complete construction of the Buerger Center, a new, 12-story ambulatory care center, a 5-level underground parking garage for 1,500 cars and other improvements relating to the Buerger Center; (ii) undertaking certain other miscellaneous capital projects, equipment purchases and campus renovation; (iii) reimbursing the Institutions for certain costs heretofore incurred in connection with such projects; and (iv) funding of reserves, payment of capitalized interest costs during construction; and (v) payment of bond issuance expenses and related costs and expenses (the "Project").
D. Location of Project: All of the equipment, facilities and buildings referred to herein are located on property owned by the Institutions at the campus located at 34th Street and Civic Center Boulevard, and 3500 Civic Center Boulevard, Philadelphia, Pennsylvania 19104-4399.
At the public hearing, any and all persons in attendance will be afforded an opportunity to comment on the proposed Project and the issuance by the Authority of its Bonds therefor. If you need an accommodation due to a disability and want to attend this meeting, please call 215-496-8020 at least 24 hours in advance so arrangements can be made.
This notice is published, and the public hearing is being held, by and on behalf of the Authority as issuer of the Bonds as required by the Internal Revenue Code of 1986, as amended, and regulations promulgated thereunder.
PHILADELPHIA AUTHORITY FOR
INDUSTRIAL DEVELOPMENT
Ref# 0003157991-01
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