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The original item was published from 11/4/2022 3:16:35 PM to 11/15/2022 12:05:03 AM.

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Posted on: November 4, 2022

[ARCHIVED] Economic Development Authority Bond Hearing

Notice of Public Hearing


Download the Notice of Public Hearing (PDF)

NOTICE IS HEREBY GIVEN that a public hearing as required by Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”) will be held by a Hearing Officer of the Greene County Development Authority (the “Development Authority”), on behalf of Greene County, Georgia (the “County”) on Tuesday, November 15th, 2022 at 4:00p.m. at the Greene County Board of Commissioners Conference Room, 1034 Silver Drive, Suite 201, Greensboro, Georgia 30642, with respect to the proposed issuance by the Michigan Finance Authority (the “Issuer”) of one or more series or subseries of hospital revenue bonds (the “Bonds”) pursuant to a plan of finance for various capital facilities, in an aggregate principal amount not to exceed $900,000,000 of tax-exempt financing, including an amount not to exceed $3,000,000 with respect to health care facilities located in the County, as more fully described below. The proceeds of the Bonds will be loaned to Trinity Health Corporation, an Indiana nonprofit corporation, and will be used by Trinity Health Corporation and its affiliate, St. Mary’s Health Care System, Inc. (“St. Mary’s”), a Georgia nonprofit corporation, to (i) finance or reimburse the costs of acquisition, construction, furnishing and equipping of certain health facilities located in the County (collectively, the “Greene County Projects” (as described below) and (ii) pay certain expenses incurred in connection with the issuance of the Bonds. Trinity Health Corporation and its subsidiaries and affiliates, including St. Mary’s, are collectively referred to as “Trinity Health.”

The “Greene County Projects” consist of renovations, construction, improvements and equipment acquisition and installation at St. Mary’s Good Samaritan Hospital located at 5401 Lake Oconee Parkway, Greensboro, Georgia in an approximate amount of $3,000,000, and other related acquisitions, improvements, equipment, construction and reconstruction located thereon.

The Greene County Projects are owned and operated by Trinity Health.

The Bonds are to be issued from time to time in multiple series during the expected three-year period commencing on the date of approval of the above-described plan of financing. It is the intention of Trinity Health and the Issuer that the first series of Bonds will be issued not later than one year from the date of approval of the above-described plan of finance.

A public hearing will be held pursuant to the requirements of the Code at the above-referenced time and place in connection with the proposed issuance of the Bonds and the Projects to be refinanced with the proceeds thereof, at which time there will be an opportunity for persons to express their views on the foregoing. Any person may attend the public hearing and be heard.

The Bonds will not be a debt or liability of the Development Authority, the County, the State of Georgia, or any political subdivision thereof. None of the Development Authority, the County, the State of Georgia or any political subdivision thereof shall have any obligation whatsoever with respect to the Bonds. The Bonds will be special, limited obligations of the Issuer, payable solely from payments to be made to the Issuer by Trinity Health and the Trinity Health Credit Group.

This notice is published pursuant to the requirements of Section 147(f) of the Code.


By: David DuBois

By: Richard W. Schmidt, Esq.

Hearing Officers

Dated: November 4, 2022

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