CITY OF SANTA ROSA
NOTICE OF PUBLIC HEARING
ON THE PROPOSED ISSUANCE OF UP TO $465 MILLION OF REVENUE BONDS BY THE CALIFORNIA MUNICIPAL FINANCE AUTHORITY TO FINANCE THE ACQUISITION, CONSTRUCTION, RENOVATION, AND EQUIPPING OF AURORA SANTA ROSA HOSPITAL, A MENTAL HEALTH FACILITY, LOCATED AT 1265 THROUGH 1287 FULTON ROAD AND 2598 GUERNEVILLE ROAD, SANTA ROSA Notice is hereby given that a public hearing will be conducted by the City Council on Tuesday, January 10, 2023, at or after 5:00 p.m., utilizing a hybrid public meeting format. The purpose of the public hearing will be to receive public comment and recommendations prior to the City Council acting on approval of the issuance, by the California Municipal Finance Authority (the “Authority”), a joint powers authority of which the City of Santa Rosa (the “City”) is a member, of tax-exempt revenue bonds or other obligations in an aggregate amount of Four Hundred Sixty-Five Million Dollars ($465,000,000) including but not limited to revenue bonds, issued as part of a plan to finance or refinance the facilities described herein (the “Bonds”). The proceeds of the Bonds will be used to finance the acquisition, construction, renovation, and equipping of Aurora Santa Rosa Hospital, a mental health facility, including facilities which are functionally related and subordinate to the main hospital facilities (the “Project”), located at 1265 through 1287 Fulton Road and 2598 Guerneville Road, Santa Rosa, California, and pay certain expenses incurred in connection with the issuance of the Bonds and capitalized interest on the Bonds and to fund certain reserves.
The owner, borrower, and operator of the Project will be QCF/I, Inc., a 501(c)(3) nonprofit healthcare organization, a wholly owned subsidiary, or subsidiaries thereof, or a single member limited liability company or companies that is or are disregarded entities for federal tax purposes.
The Bonds and the obligation to pay principal thereof and interest thereon and any redemption premium with respect thereto will not constitute indebtedness or an obligation of the City, the Authority, the State of California, or any political subdivision thereof, within the meaning of any constitutional or statutory debt limitation, or a charge against the general credit or taxing powers of any of them. None of the City, the State of California, or any political subdivision thereof will have any obligation to repay the Bonds or to acquire, construct, improve, equip or operate the Project. The Bonds shall be a limited obligation of the Authority, payable solely from certain revenues generally representing amounts derived from the Borrower.
To slow the spread of COVID-19 and to protect the health of the public and staff, the City is conducting hybrid public meetings with in-person, streaming video and telephone options.
Meeting access information (including instructions) and meeting documents are available online at: https://santa-rosa.legistar.com/Calendar.
Online Access: www.zoom.us/join - Meeting ID: 868 7677 9687 Phone Access: Dial: 888 853 5257 (Toll Free) Meeting ID: 868 7677 9687 Comments and questions may be directed to Angela Morgan, Housing and Community Services Department, City of Santa Rosa, 90 Santa Rosa Avenue, Santa Rosa, CA 95404, telephone (707) 543-3465, [email protected].
Stephanie A. Williams, City Clerk, City of Santa Rosa
PUBLISHED: December 27, 2022
The City of Santa Rosa does not discriminate against individuals with disabilities in its employment, services, benefits, facilities, programs, or activities. Requests for accommodations, auxiliary aids, or services necessary to participate in a City program, service, or activity, including printed information in alternate formats, are available by contacting the City Clerk's Office at 707-543-3015 (TTY Relay at 711) or [email protected]. Requests should be submitted as far in advance as possible, but no later than two business days before the scheduled meeting. 4830-6730-0522.74830-6730-0522.7
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