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PUBLIC NOTICE: NOTICE OF PUBLIC HEARING NEW HOPE CULTURAL EDUCATION FACILITIES FINANCE CORPORATION (THE “ISSUER”) ON THURSDAY, SEPTEMBER 12, 2024 AT 8:30 A.M. CT VIA TELECONFERENCE

Publish one time in The Ellis County Press on Thursday, Sept. 5, 2024.

 

NOTICE OF PUBLIC HEARING 

 

Notice is hereby given of a public hearing to be held by the New Hope Cultural Education Facilities Finance Corporation (the “Issuer”) on Thursday, September 12, 2024 at 8:30 a.m. CT via teleconference. 

Among items to be discussed will be a proposal for issuance by the Issuer of its bonds or notes in one or more series (the “Bonds”), pursuant to a plan of financing, in an aggregate principal amount not to exceed $370,656,000, the proceeds of which will be loaned to Superior Living Foundation, Inc., a Maryland nonprofit corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Borrower”), or an affiliated entity. The proceeds of the Bonds will be loaned to the Borrower or an affiliated entity for the following purposes (collectively, the “Project”): 

(1) To finance the cost of acquisition of certain skilled nursing facilities located at 1007 S. Washington Ave., Marshall, Texas 75670, known as Marshall Manor Nursing & Rehab Center, in a maximum amount of $29,448,222. 

(2) To finance the cost of acquisition of certain skilled nursing facilities located at 207 W. Merit Street, Marshall, Texas 75670, known as Marshall Manor West, in a maximum amount of $25,688,875. 

(3) To finance the cost of acquisition of certain skilled nursing facilities located at 1615 Hillendahl Road, Houston, Texas 77055, known as Spring Branch Transitional Care Center, in a maximum amount of $31,641,175. 

(4) To finance the cost of acquisition of certain skilled nursing facilities located at 333 N. FM 95, Garrison, Texas 75946, known as Garrison Nursing Home & Rehab Center, in a maximum amount of $62,185,873. 

(5) To finance the cost of acquisition of certain skilled nursing facilities located at 4920 Elizabeth Street, Texarkana, Texas 75503, known as The Villa at Texarkana, in a maximum amount of $14,833,759.  

(6) To finance the cost of acquisition of certain skilled nursing facilities located at 1104 S. William St, Atlanta, Texas 75551, known as Golden Villa, in a maximum amount of $33,677,488. 

(7) To finance the cost of acquisition of certain skilled nursing facilities located at 200 Live Oak St, Atlanta, Texas 75551, known as Rose Haven Retreat, in a maximum amount of $29,134,943. 

(8) To finance the cost of acquisition of certain skilled nursing facilities located at 1623 W. New Hope Dr., Cedar Park, Texas 78613, known as New Hope Manor, in a maximum amount of $15,695,276. 

(9) To finance the cost of acquisition of certain skilled nursing facilities located at 5607 Everhart Rd., Corpus Christi, Texas 78411, known as The Palms, in a maximum amount of $14,959,070. (10) To finance the cost of acquisition of certain skilled nursing facilities located at 12042 Bittern Hollow, Austin, Texas 78758, known as Gracy Woods II Living Center, in a maximum amount of $19,736,574. 

(11) To finance the cost of acquisition of certain skilled nursing facilities located at 107 Stacy Dr., Whitehouse, Texas 75791, known as Oak Brook Care Center, in a maximum amount of $27,881,827.  

(12) To finance the cost of acquisition of certain skilled nursing facilities located at 8861 Fulton Street, Houston, Texas 77022, known as Highland Park Rehab & Nursing Center, in a maximum amount of $24,279,119. 

(13) To finance the cost of acquisition of certain skilled nursing facilities located at 9738 Westover Hills Boulevard, San Antonio, Texas 78251, known as Las Colinas, in a maximum amount of $18,044,868. 

(14) To finance the cost of acquisition of certain skilled nursing facilities located at 12021 Metric Blvd., Austin, Texas 78758, known as Gracy Woods I Nursing Center, in a maximum amount of $18,013,540. 

(15) To finance the cost of acquisition of certain skilled nursing facilities located at 2300 S. Oak Grove Rd., Ennis, Texas 75119, known as Blue Bonnet Rehabilitation at Ennis, in a maximum amount of $5,435,390. 

Each of the communities listed above will be owned by the Borrower or an affiliated entity. 

All interested parties are invited to express their views with respect to the Project and the Bonds by attending the public hearing to be held via teleconference, by dialing the following toll-free number: 1888-557-8511 (Passcode: 3788659#). Any interested persons unable to attend the hearing may submit their views in writing to the Issuer c/o Abraham “Abe” Benavides, McCall, Parkhurst & Horton L.L.P., 717 North Harwood, Suite 900, Dallas, Texas 75201, prior to the date scheduled for the hearing. 

This notice is published and the above-described hearing is to be held in satisfaction of the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended, regarding the public approval prerequisite to the exemption from federal income taxation of interest on the Bonds.

Ellis County Press

208 S Central St. 
Ferris, TX 75125
972-544-2369