HomeMy WebLinkAbout06-16-20 Canton City Council Meeting Public Hearing Notice
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NOTICE OF PUBLIC HEARING
Notice is hereby given that the City Council of the City of Canton, Fulton County, Illinois (the
“Issuer”) will hold a public hearing on June 16, 2020, at its regular meeting at 6:30 p.m. at Canton City Hall,
2 N. Main Street, Canton, Illinois 61520, pursuant to the requirements of Section 147(f) of the Internal
Revenue Code of 1986, as amended (the “Code”), to consider the proposed issuance by the Issuer of its not to
exceed $17,000,000 aggregate principal amount of Health Care Facilities Revenue Bonds, Series 2020
(Graham Hospital Association Project) (the “Bonds”), the proceeds of which will be loaned to Graham
Hospital Association, an Illinois not-for-profit corporation (the “Borrower”), and will be used to (i) finance or
reimburse the acquisition, construction, remodeling and equipping of certain health facilities constituting
industrial projects under the Industrial Project Revenue Bond Act, 65 ILCS 5/11-74-1 et seq. (the “Act”),
including, but not limited to, the renovation, rehabilitation, furnishing and equipping of the 1959 and 1925
building housing the Borrower’s primary energy center, cafeteria/kitchen, long-term care suite, sleep study lab,
multi-purpose area for nursing studies, pharmacy, and various administrative offices and related hospital
infrastructure located at 210 West Walnut Street, Canton, Illinois 61520 and 180 South Main Street, Canton,
Illinois 61520 (collectively, the “Project”), and (ii) pay all or a portion of the costs of issuing the Bonds. The
Project is or will be owned and operated by the Borrower.
The Bonds will not constitute a debt of the Issuer or of the State of Illinois within the meaning of any
provisions of the Constitution or statutes of the State of Illinois or a pledge of the faith and credit of the Issuer
or of the State of Illinois or grant to the owners thereof any right to have the Issuer levy any taxes or
appropriate any funds for the payment of the principal thereof or interest thereon. The Bonds will be payable
solely out of the revenues and other funds pledged for their payment in accordance with the loan agreement
with the Borrower under which the Bonds will be issued.
The above notice of public hearing is required by the Code. At the time and place set for the public
hearing, residents, taxpayers and other interested persons will be given the opportunity to express their views
for or against the proposed issuance of the Bonds and the financing of the Project. Written comments may also
be submitted to Diana Pavley-Rock, City Clerk, 2 North Main Street, Canton, Illinois 61520, until June 14,
2020.
Due to social distancing requirements, and in an effort to protect the public from potential further
spread of COVID-19, all persons interested in expressing their views for or against the proposed issuance of
the Bonds and the financing of the Project are recommended to and may attend the public hearing by using the
following web address: https://us02web.zoom.us/j/82022979062 or by using the telephone number (312) 626-
6799 and the following webinar ID: 820 2297 9062. International numbers are available at:
https://us02web.zoom.us/u/keJhzxnhOm.
You may also participate in the hearing by using the following toll-free information: (844) 855-4444;
passcode: 1362728.
In accordance with the Americans with Disabilities Act (“ADA”), if any person with a disability as
defined by the ADA needs special accommodations to participate in the public hearing, then he or she should
contact the City Clerk at (309) 647-0020 by not later than June 15, 2020.
Dated: June 2, 2020
CITY OF CANTON,
FULTON COUNTY, ILLINOIS
/s/ Diana Pavley-Rock
City Clerk