Public Notice

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NOTICE IS HEREBY GIVEN THAT A PUBLIC HEARING WILL BE HELD by Pueblo County, Colorado (the “County”), at the Pueblo County Courthouse, 215 West 10th Street, Pueblo, Colorado 81003 on December 20, 2017, at 9:00 a.m. concerning the approval of the issuance by the  County  of its tax-exempt obligation for the benefit of Spanish Peaks Healthcare Systems (“Healthcare”), a Colorado nonprofit corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), and Spanish Peaks Asset Management LLC, a single member limited liability company whose sole member and manager is Healthcare (“Asset Management”, and together with Healthcare, the “Borrower”) headquartered in Pueblo, Colorado, in a principal amount not to exceed  $9,000,000 (the “Bond”).


The Borrower expects to use the proceeds of the Bond  to (i) refinance and currently refund the costs of remodeling, and improving a facility at 41 Montbello Road, Pueblo, Colorado, including the acquisition and installation of certain HVAC improvements thereon; (ii) refinance and currently refund the costs of purchasing furniture, fixtures and equipment for 41 Montbello Road, Pueblo, Colorado; and (iii) pay for certain expenses incurred in connection with the issuance of the Bond (together with (i) and (ii) above, the “Project”).  The County will loan the proceeds of the Bond to the Borrower to accomplish the Project.  The Borrower is the owner of the facilities described above as part of the Project.  


The Bond will not constitute debt of the County within the meaning of any provision or limitation of the laws of the State of Colorado, and will not constitute nor give rise to pecuniary liability of or a charge against the general credit or taxing powers of the County.


Interested persons are invited to attend the public hearing held prior to the consideration by the Board of County Commissioners of the Resolution approving the issuance of the Bond for the proposed purposes describe above.


Dated: December 5, 2017.




Published in the Pueblo Chiefton on December 5, 2017, and on the official Pueblo County website, on December 5, 2017.