Public hearing on bond issuance for Kingspath Senior Ministries Inc. scheduled for March 16, 2026.
Official Courthouse Record · AI-summarized for clarity
- Published
- Category
- Court Notice
- City
- Strongsville
What You Should Do Next
- 1
Attend the Public Hearing
Join the hearing on March 16, 2026, at 7:00 p.m. to voice your opinion.
- 2
Review Project Details
Familiarize yourself with the SouthWest Commons Project and its implications for the community.
- 3
Contact City Council
Reach out to the Strongsville City Council for any questions before the hearing.
Frequently Asked Questions
- What is the purpose of the public hearing in Strongsville?
- The hearing is to discuss the issuance of bonds for Kingspath Senior Ministries Inc.
- When is the public hearing for the bonds?
- The public hearing is scheduled for March 16, 2026, at 7:00 p.m.
- Where will the public hearing take place?
- It will be held in the Mike Kalinich Sr. Council Chamber, Strongsville, Ohio.
- What is the amount of the bonds being issued?
- The bonds will be issued in an amount not to exceed $165,000,000.
The above suggestions and answers are AI-generated for informational purposes only. They may contain errors. NoticeRegistry assumes no responsibility for their accuracy. Consult a qualified professional before taking action.
Full Notice Text
NOTICE OF PUBLIC HEARING CONCERNING THE ISSUANCE OF BONDS BY THE PUBLIC FINANCE AUTHORITY AND A PLAN OF FINANCE FOR KINGSPATH SENIOR MINISTRIES INC. NOTICE IS HEREBY GIVEN that the City Council of the City of Strongsville, Ohio (the "City"), will conduct a public hearing concerning the approval of the issuance of certain revenue bonds, in an aggregate principal amount not to exceed $165,000,000 (the "Bonds"), pursuant to Section 66.0304 of the Wisconsin Statutes, as amended, by the Public Finance Authority (the "Authority"), a commission organized under and pursuant to the provisions of Sections 66.0301, 66.0303 and 66.0304 of the Wisconsin Statutes, as amended. The Bonds may be issued in one or more series as either tax-exempt or taxable obligations. The Bonds will be special limited obligations of the Authority payable solely from the loan payments to be made by Kingspath Senior Ministries Inc., a nonprofit corporation, or a to-be-formed affiliate thereof (the "Borrower"), to the Authority, and certain funds and accounts established by a trust indenture and loan agreement related to the Bonds. Proceeds of the Bonds will be used by the Borrower for a plan of finance and refinance comprised of the following purposes: (a) acquisition of facilities which provide assisted living and memory care services for seniors in Ohio and Pennsylvania, including but not limited to the assisted living and memory care facility located at 18090 Pearl Road, Strongsville, OH 44136 (the "SouthWest Commons Project"); and (b) paying the costs of issuance of the Bonds (collectively, the "Project"). This notice is intended to comply with the public notice requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended. All interested parties are invited to attend and present comments at the public hearing regarding the plan of finance, the issuance of the Bonds and the SouthWest Commons Project. The public hearing on the Bonds, plan of finance and financing of the SouthWest Commons Project will be held on March 16, 2026, at 7:00 p.m., in the Mike Kalinich Sr. Council Chamber located at 18688 Royalton Road, Strongsville, Ohio 44136. PD, March 6, 2026.- 0011076993