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Notice of Public Hearing Notice IS Hereby Given

NOTICE OF PUBLIC HEARING NOTICE IS HEREBY GIVEN that the Butler County Port Authority (the "Port Authority") will hold a public hearing at 10:00 a.m., Eastern Time, on July 16, 2024, with respect to the proposed issuance by the Port Authority of economic development facilities revenue refunding bonds in one or more series and in an aggregate stated principal amount of not to exceed $10,200,000 (the "Bonds"), the proceeds of which will be made available to The Great Miami Valley Young Men's Christian Association (the "YMCA"), an Ohio non-profit corporation that has been determined by the Internal Revenue Service to be an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"). The proceeds of the Bonds will be made available to the YMCA and used to (A) currently refund all of the outstanding principal amount of the Port Authority's Economic Development Facilities Revenue Refunding Bonds, Series 2014 (The Great Miami Valley YMCA) issued in the original stated principal amount of $15,380,000 on August 7, 2014, to currently refund the outstanding principal amount of the Port Authority's Adjustable Rate Demand Economic Development Facilities Revenue Refunding and Improvement Bonds, Series 2007 (The Great Miami Valley YMCA Project) issued in the original stated principal amount of $17,905,000 and dated September 28, 2007, to (1) finance the costs of the acquisition, construction, installation and equipping of health and recreation facilities in the stated principal amount not exceeding $10,531,812 at 5750 Innovation Drive, Middletown, Ohio 45005 which was and is legally owned by the YMCA, and (2) currently refund the outstanding principal amount of the County of Butler, Ohio's Adjustable Rate Demand Economic Development Revenue Bonds, Series 2000 (Great Miami Valley YMCA Project) issued in the original stated principal amount of $11,000,000 on September 13, 2000 to finance the acquisition, construction, equipping, installation and improvement of health and recreation facilities at (a) 6645 Morris Road, Hamilton, Ohio 45011 in the stated principal amount not exceeding $6,800,000, which was and is legally owned by the YMCA, (b) 5220 Bibury Road, Fairfield, Ohio 45014 in the stated principal amount not exceeding $2,000,000, which was and is legally owned by the YMCA, (c) 1307 NW Washington Boulevard, Hamilton, Ohio 45013 in the stated principal amount not exceeding $2,000,000, which was and is legally owned by the YMCA and (d) 105 North 2nd Street, Hamilton, Ohio 45011 in the stated principal amount not exceeding $200,000, which was and is legally owned by the YMCA; and (B) pay certain costs of issuance with respect to the Bonds. THE PROPOSED BONDS WILL NOT CONSTITUTE GENERAL OBLIGATIONS, DEBT, OR BONDED INDEBTEDNESS, OR A PLEDGE OF THE FAITH AND CREDIT, OF THE PORT AUTHORITY, THE STATE OF OHIO, OR ANY POLITICAL SUBDIVISION THEREOF OR REQUIRE THE USE OF THE GENERAL RESOURCES OF EITHER THE PORT AUTHORITY, THE STATE, OR ANY POLITICAL SUBDIVISION THEREOF FOR THEIR PAYMENT. RATHER, THE PAYMENT OF DEBT SERVICE ON THE BONDS WILL BE PAID FROM LOAN PAYMENTS MADE BY THE YMCA UNDER A LOAN AGREEMENT BETWEEN THE PORT AUTHORITY AND THE YMCA. The public hearing is being held pursuant to Section 147(f) of the Code. Pursuant to Internal Revenue Service Revenue Procedure 2022-20 ("Rev. Proc. 22-20"), the public hearing will be held via toll free conference call by the Port Authority using the following toll-free number: 1-833-266-5144 and participant code 627198906#. Written comments concerning the foregoing may be submitted to the Butler County Port Authority, 300 High Street #601, Hamilton, Ohio, 45011, Attn: Joshua A. Smith, on or before 5:00 p.m., Eastern Time, July 15, 2024. 7-7/2024
July 7, 2024
July 16, 2024
July 16, 2024 8:05pm