HomeMy WebLinkAbout05-16-2023 Public Hearing Agenda
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 May 16, 2023, at its regular meeting at 6:30 p.m. at 50 N. 4th Avenue,
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 $15,000,000
aggregate principal amount of Health Care Facilities Revenue Bonds, Series 2023 (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 Building Revenue Bond Act, 50 ILCS 445/1 et seq. (the “Act”), including, but not limited to, the
acquisition, construction, renovation, and equipping of (a) the convenient care relocation project and related
hospital infrastructure located at 126 N. 5th Avenue, Canton, Illinois 61520 and various equipment and system
upgrades at the facility and related hospital infrastructure located at 210 West Walnut Street, Canton, Illinois
61520 (not to exceed $5,000,000), (b) the clinic expansion project and related hospital infrastructure located at
1630 East Jackson Street, Macomb, Illinois 61455 (not to exceed $1,500,000), and (c) the clinic expansion
projects and related hospital infrastructure located at 1174 North Seminary Street, Galesburg, Illinois 61401,
530 North Seminary Street, Galesburg, Illinois 61401, and 2028 North Seminary Street, Galesburg, Illinois
61401 (not to exceed $8,500,000) (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 Andi Walters, City Clerk, 2 North Main Street, Canton, Illinois 61520, until May 14, 2023.
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 May 15, 2023.
Dated: May 9, 2023
CITY OF CANTON,
FULTON COUNTY, ILLINOIS
/s/ Andi Walters
City Clerk
4889-5122-5950.4