NOTICE OF PUBLIC HEARING
The St. Johns County Industrial Development Authority (the "St. Johns County IDA"), on behalf of the Board of County Commissioners (the "Board") of St. Johns County, Florida (the "County"), will hold a public hearing, pursuant to Section 147(f) of the Internal Revenue Code of 1986 (the "Code"), commencing at 3 p.m., local time, on Thursday, November 20, 2025, at:
St. Johns County Board of County Commissioners Conference Room
500 San Sebastian View, St. Augustine FL 32084.
The St. Johns County IDA will conduct a public hearing and the Board will consider adoption of a resolution regarding a proposed issuance by the Indiana Finance Authority (the "Indiana Issuer"), of its qualified 501(c)(3) bonds, as defined in Section 145 of the Code, for hospitals or other healthcare facilities, in one or more series, in an aggregate principal amount not to exceed $1,407,000,000 (the "Bonds"). The proceeds of the Bonds will be loaned to Ascension Health Alliance d/b/a Ascension ("Ascension"), a Missouri not-for-profit corporation and an organization described in Section 501(c)(3) of the Code, which will use a portion of the proceeds in the amount not to exceed $50,000,000 to finance (including reimburse) or refinance the acquisition, construction, equipping, repair, restoration, reconditioning, remodeling and/or installation of certain capital improvements to certain hospital, health facilities and related facilities, including land, at the campus of Ascension St. Vincent's St. Johns County (the "St. Johns County Project"), owned and/or principally used by St. Vincent's Health System, Inc., a Florida not-for-profit corporation and an organization described in Section 501(c)(3) of the Code, and an affiliate of Ascension.
The St. Johns County Project is generally located at 205 Trinity Way, St. Johns, and generally bounded by Trinity Way and St. Elizabeth Way.
The remainder of the proceeds of the Bonds will be used by other affiliates of Ascension for projects located in other jurisdictions in the state of Florida, as well as the states of Indiana, Illinois, Kansas, Maryland, Oklahoma, Tennessee, Texas and Wisconsin.
The Bonds and the interest thereon shall not constitute an indebtedness or pledge of the general credit or taxing power of the County, St. Johns County IDA, the State of Florida, the State of Indiana, or any political subdivision or agency of any of the foregoing.
At such public hearing there will be an opportunity for persons to express their views concerning the issuance of the Bonds by the Indiana Issuer, or the nature and location of the St. Johns County Project to be financed or refinanced with the proceeds of the Bonds. Anyone may appear in person at the public hearing or submit written comments to be considered at the public hearing. Written comments may be directed prior to the meeting to:
Christine Valliere Economic Development Director,
St. Johns County Board of County Commissioners
500 San Sebastian View, St. Augustine FL 32084
Comments made at the hearing are for the consideration of the St. Johns County IDA and the Board and will not bind any legal action to be taken by the St. Johns County IDA or the Board in connection with the consideration and approval of the financing and the issuance of the Bonds.
PERSONS ARE ADVISED THAT, IF THEY DECIDE TO APPEAL ANY DECISION MADE BY THE ST. JOHNS COUNTY IDA OR THE BOARD WITH RESPECT TO ANY MATTER CONSIDERED AT SUCH HEARING OR MEETING, SUCH PERSON WILL NEED A RECORD OF THE PROCEEDINGS, AND, FOR SUCH PURPOSE, SUCH PERSON MAY NEED TO ENSURE THAT A VERBATIM RECORD OF THE PROCEEDINGS IS MADE, WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS TO BE BASED.
NOTICE TO PERSONS NEEDING SPECIAL ACCOMMODATIONS AND TO ALL HEARING-IMPAIRED PERSONS: In accordance with the Americans with Disabilities Act, persons needing a special accommodation to participate in the proceedings should contact Christine Valliere at (904) 209-0541 no later than 5 days prior to the date of the meeting. For hearing impaired individuals: Florida Relay Service: 1-800-955-8770, no later than 5 days prior to the date of the meeting.
Notice dated: November 13, 2025
November 13 2025
LSAR0403181