Massachusetts Development Finance Agency meeting

Notice is hereby given that a public hearing will be conducted by the Massachusetts Development Finance Agency (the “Issuer”) at 10:00 a.m. Tuesday, November 6, 2018, at its offices located at 89 Shrewsbury Street, Worcester, Massachusetts 01604, with respect to the proposed issuance by the Issuer, acting under and pursuant to Massachusetts General Laws, Chapters 23G and 40D, as amended, of bonds in the maximum aggregate principal amount of $24,800,000 (the “Bonds”).  If the Issuer’s offices are closed on November 6, 2018 due to unforeseen circumstances, including without limitation adverse weather conditions, the public hearing will be held on the next business day on which the Issuer’s offices are open at the same time and location. The total estimated project costs are $26,500,000.  The Bonds will be issued to provide for the financing and/or refinancing of, and the reimbursement of funds advanced by Emanuel Development Corporation (the “Institution,” which term includes for purposes of this Notice any parent, subsidiary or other affiliate thereof), an affiliate of Ascentria Care Alliance, Inc., with respect to certain facilities to be acquired, owned and operated by the Institution (including without limitation such financing, refinancing or reimbursement of bond reserves, capitalized interest and issuance costs), generally consisting of a 1.261 acre tract of land, along with a 43,200 square foot building on said tract, located at 10 Bellamy Street, Brighton, Massachusetts 02135 and containing a 122-bed skilled nursing facility currently known as Presentation Rehabilitation and Skilled Nursing Center (collectively, the “Project”).

            The Bonds will not constitute a general obligation of, or a pledge of the faith and credit of the Issuer or a general obligation of, or a debt or pledge of the faith and credit of The Commonwealth of Massachusetts.

            Interested persons wishing to express their views on such Project and the proposed issuance of revenue bonds to finance and refinance the costs of such Project will be given the opportunity to do so at the public hearing or may, prior to the time of the public hearing, submit their views in writing to Massachusetts Development Finance Agency, 89 Shrewsbury Street, Worcester, Massachusetts 01604.