NOTICE OF PUBLIC HEARING

The Board of County Commissioners (the “Board”) of Clay County, Florida (the “County”) will hold a public hearing pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”), on Tuesday, May 24, 2022, at 5:00 p.m. local time, or as soon thereafter as can be heard, in the Board of County Commissioners Meeting Room on the Fourth Floor of the Clay County Administration Building, 477 Houston Street, Green Cove Springs, Florida.

The public hearing will be held for the purpose of considering a resolution approving, among other things, the proposed issuance by the City of Jacksonville, Florida (the “Issuer”) of its City of Jacksonville, Florida Health Care Facilities Revenue Bonds (Baptist Health), Series 2022, in an aggregate principal amount not to exceed $200,000,000, in one or more series, taxable, tax-exempt or a combination thereof, from time to time (the “Bonds”), for the purpose of providing funds to be loaned by the Issuer to Southern Baptist Hospital of Florida, Inc., d/b/a Baptist Medical Center South, Baptist Medical Center Jacksonville, Baptist Medical Center Clay and Wolfson Children’s Hospital, a Florida not for profit corporation (the “Borrower”), for the purposes of financing, refinancing or reimbursing all or a portion of (a) the costs of certain capital expenditures at the health care facilities of the Borrower and its affiliates and related parties, including without limitation the acquisition, planning, development, construction, renovation, improvement, equipping and installation of certain facilities, and other capital improvements and upgrades, at (i) Baptist Medical Center Jacksonville, located at or about 800 Prudential Drive, Jacksonville, Florida 32207, 836 Prudential Drive, Jacksonville, Florida 32207, 841 Prudential Drive, Jacksonville, Florida 32207, 1325 San Marco Boulevard, Jacksonville, Florida 32207, 1235 San Marco Boulevard, Jacksonville, Florida 32207, 1650 Prudential Drive, Jacksonville, Florida 32207, 1660 Prudential Drive, Jacksonville, Florida 32207 and 3451 Beach Boulevard, Jacksonville, Florida 32207, including without limitation (A) the acquisition, construction, planning, development, renovation, improvement and equipping of a new approximately seven-story health care facility, including without limitation an approximately 75-bed Neonatal Intensive Care Unit and an approximately 26-bed Pediatric Intensive Care Unit, (B) the acquisition, expansion, renovation, installation and equipping of labor and delivery facilities, laboratories, testing and procedure rooms, office space and common areas and (C) other necessary and useful acquisitions, improvements, renovations, equipment purchases and other capital expenditures; (ii) Baptist Medical Center Beaches, located at or about 1350 13th Avenue South, Jacksonville Beach, Florida 32250, 1361 13th Avenue South, Jacksonville Beach, Florida 32250, 1370 13th Avenue South, Jacksonville Beach, Florida 32250, 1320 Roberts Drive, Jacksonville Beach, Florida 32250, 1375 Roberts Drive, Jacksonville Beach, Florida 32250 and 1127 South 16th Avenue, Jacksonville Beach, Florida 32250, including without limitation (A) the acquisition, expansion, renovation, installation and equipping of laboratories, testing and procedure rooms, pharmacies, office space and common areas and (B) other necessary and useful acquisitions, improvements, renovations, equipment purchases and other capital expenditures; (iii) Baptist Medical Center South, located at or about 14550 Old St. Augustine Road, Jacksonville, Florida 32258, 14540 Old St. Augustine Road, Jacksonville, Florida 32258 and 14546 Old St. Augustine Road, Jacksonville, Florida 32258, including without limitation (A) the acquisition, construction, expansion, renovation, installation and equipping of facilities related to an inpatient bed expansion and (B) other necessary and useful acquisitions, improvements, renovations, equipment purchases and other capital expenditures; (iv) Baptist Clay Medical Campus, located at or about 1771 Baptist Clay Drive, Fleming Island, Florida 32003 and 1747 Baptist Clay Drive, Fleming Island, Florida 32203, including without limitation (A) the acquisition, construction, planning, development, improvement and equipping of a new approximately 300,000 square foot inpatient hospital facility with approximately 100 beds and (B) other necessary and useful acquisitions, improvements, renovations, equipment purchases and other capital expenditures; (v) Baptist Medical Campus at Nassau Crossing located at or about 76375 Harper Chapel Road, Yulee, Florida 32097, including without limitation (A) the acquisition, construction, planning, development, improvement and equipping of a new approximately 25,000 square foot outpatient free standing emergency room facility and other diagnostic and ambulatory services and (B) other necessary and useful acquisitions, improvements, renovations, equipment purchases and other capital expenditures; and (vi) Baptist Medical Campus at St. Augustine located at or about 475 Prime Outlets Boulevard, St. Augustine, Florida 32084, including without limitation (A) the acquisition, construction, planning, development, improvement and equipping of a new approximately 25,000 square foot outpatient free standing emergency room facility and other diagnostic and ambulatory services and (B) other necessary and useful acquisitions, improvements, renovations, equipment purchases and other capital expenditures; (b) capitalized interest on the Bonds; and (c) costs of issuing the Bonds (collectively, the “Project”).

The Project is and will be owned and operated by the Borrower and/or one or more of its affiliates and related parties.

Neither the County nor the Issuer will be obligated to pay the Bonds or have any obligation or liability pecuniary or otherwise with respect to the Bonds or the Project. Neither the County nor the Issuer will be obligated to pay the Bonds except from the proceeds derived from the repayment of the related loan or loans to the Borrower or from the security pledged therefor by the Borrower and/or one or more of its affiliates and related parties, and neither the faith and credit of the County or the Issuer, nor the taxing power of the Issuer, of the County or of the State, or of any political subdivision thereof, will be pledged to the payment of the principal of, premium, if any, or the interest on the Bonds.

The public hearing is required by Section 147(f) of the Code. Any person interested in the proposed issuance of the Bonds or the location or nature of the Project may appear and be heard. Subsequent to the public hearing, the Board will consider whether to approve the Bonds, as required by Section 147(f) of the Code.

The public hearing will be conducted in a manner that provides a reasonable opportunity to be heard for persons with differing views to express such views, both orally and in writing, on the nature of the Project and the issuance of the Bonds by the Issuer. Any person desiring to be heard on this matter is requested to attend the public hearing or send a representative.  

Pursuant to Section 286.0105, Florida Statutes, a person deciding to appeal any decision made by the Board with respect to any matter considered at the meeting or at any subsequent meeting at which the Board has continued its deliberations is advised that such person will need a record of all proceedings and may need to ensure that a verbatim record of all proceedings is made, which must include the testimony and evidence upon which the appeal is to be based.

A copy of the proposed resolution may be inspected by members of the public at the County Commission Offices, Fourth Floor of the Clay County Administration Building, 477 Houston Street, Green Cove Springs, Florida, between the hours of 8:30 a.m. and 4:30 p.m., Monday through Friday, with the exception of legal holidays.

In accordance with the Americans With Disabilities Act, any person needing a special accommodation to participate in this matter should contact the Clay County ADA Coordinator by mail at Post Office Box 1366, Green Cove Springs, Florida 32043, or by telephone at number (904) 269-6376, no later than three (3) days prior to the hearing or proceeding for which this notice has been given. Hearing impaired persons can access the foregoing telephone number by contacting the Florida Relay Service at 1-800-955-8770 (Voice), or 1-800-955-8771 (TDD).

Board of County Commissioners OF Clay County, Florida

Legal 34603 Published April 28, 2022 in Clay County's Clay Today Newspaper