• NOTICE PHILADELPHIA AUTHORITY ...

NOTICE
PHILADELPHIA AUTHORITY FOR INDUSTRIAL DEVELOPMENT

NOTICE IS HEREBY GIVEN that the Philadelphia Authority for Industrial Development will hold a public hearing on September 12, 2017, at 10:00 a.m., local time, in the offices of the Philadelphia Industrial Development Corporation located at 1500 Market Street, 2600 Centre Square West Tower, Philadelphia, Pennsylvania 19102-2126 to discuss and consider the issuance of tax-exempt health system revenue bonds (the "Bonds") to be issued by the Berks County Industrial Development Authority (the "Authority") to pay costs of the following project:

Reading Health System Project

Name and Address of Borrower: Reading Health System ("RHS") Sixth Avenue and Spruce Street, West Reading, PA 19611
Names and Addresses of Owners and Operators: (1) Reading Hospital, Sixth Avenue and Spruce Street, West Reading, PA 19611; (2) Brandywine Hospital, LLC, 201 Reeceville Road, Coatesville, PA 19320; (3) Chestnut Hill Hospital, LLC, 8835 Germantown Avenue, Philadelphia, PA 19118; (4) Jennersville Hospital, LLC, 1015 West Baltimore Pike, West Grove, PA 19390; (5) Phoenixville Hospital, LLC, 140 Nutt Road, Phoenixville, PA 19460; and (6) Pottstown Hospital, LLC, 1600 East High Street, Pottstown, PA 19464
Additional Project Locations for Reading Hospital: 423 South Seventh Avenue, West Reading, PA 19611; 6th Avenue and Spruce Street, West Reading, PA 19611; 2603 Kaiser Boulevard, Wyomissing, PA 19610; 31 Industrial Drive, Hamburg, PA, 19526 and 15050 W. Kutztown Road, Kutztown, PA, 19530.
Additional Project Locations for Brandywine Hospital, LLC: 199, 213, 219, 255, 265, and 267 Reeceville Road, Coatesville, PA 19320; 201 and 1501 Fisherville Road, Coatesville, PA 19320; 625 N. Pottstown Pike, Exton, PA 19341; 3025 Zinn Road, Thorndale, PA 19372; 77 Manor Avenue, Downingtown, PA 19335; 479 Thomas Way, Exton PA 19341; 200 Municipal Drive, Thorndale, PA 19372; 471 Pequea Avenue, Honey Brook, PA 19344; 495 Thomas Jones Way, Exton, PA 19341 and 770 West Lincoln Highway, Exton, PA 1934.
Additional Project Locations for Chestnut Hill Hospital, LLC: Willow Avenue and North Bethlehem Pike, Ambler, PA 19002; 8808-8810, 8834 and 8850 Norwood Avenue, Philadelphia, PA 19118; 1811 Bethlehem Pike, Flourtown, PA 19031; 33 E. Chestnut Hill Avenue, Philadelphia, PA 19118; 8200 Flourtown Avenue, Wyndmoor, PA, 19038; 535 Pennsylvania Avenue, Ft. Washington, PA 19031; 1700 Sentry Park West, Blue Bell, PA 19422; 35 Bethlehem Pike, Philadelphia, PA 19118 and 1000 Easton Road., Wyncote, PA 19095.
Additional Project Locations for Jennersville Hospital, LLC: 900, 1011 and 1051 West Baltimore Pike, West Grove, PA 19390; 200 and 300 Old Forge Lane, Kennett Square, Chester, PA 19348; 29 N. 3rd Street, Oxford, PA 19363 and 500 Vineyard Way, West Grove, PA 19390.
Additional Project Locations for Phoenixville Hospital, LLC: 824 and 826 Main Street, Phoenixville, PA 19460; 420 W. Linfield-Trappe Road, Limerick, PA 19468; 744 W. Lancaster Avenue, Devon, PA 19087; 518 E. Township Lind Road, Blue Bell, PA 19422; 300 High Street, Phoenixville, PA 19460; 412 Fairview Street, Phoenixville, PA 19460; 145 Chestnut Street, Phoenixville, PA 19460; 145 Church Street, Phoenixville, PA 19460; 350 Main Street, Royersford, PA 19468; 300 Schuylkill Road, Phoenixville, PA 19460; 236 238 Church Street, Phoenixville, PA 19640; 410 Washington Street, Royersford, PA 19468; 1308 Dekalb Street, Norristown, PA 19401; 2792 Egypt Road, Audubon, PA 19403; 55 2nd Avenue, Collegeville, PA 19426; 110 E. Swedesford Road, Wayne, PA 19087; 700 S. Henderson Road, King of Prussia, PA 19406; 254 W. Lancaster Avenue, Paoli, PA 19301 and 744 W. Lancaster Avenue, Wayne, PA 19087; 642 Main Street, Phoenixville, PA 19460.
Additional Project Locations for Pottstown Hospital, LLC: 1611 Medical Drive, Pottstown, PA 19464; 193 Old Swede Road, Douglassville, PA 19518; 81 Robinson Street, Pottstown, PA 19464; 307 South Lewis Road, Royersford, PA 19468; 13 Armand Hammer Boulevard, Pottstown, PA 19464; 730 S. Hanover Street, Pottstown, PA 19464; 23 N. Walnut Street, Boyertown, PA 19512; 800 Heritage Drive, Pottstown, PA 19464; 296 W. Ridge Avenue, Limerick, PA 19473; 1591 Medical Drive, Pottstown, PA 19464; the corner of Adams & Jackson Streets, Pottstown, PA 19464 and 5001 Perkiomen Avenue, Exeter, PA 19606.
Total Amount of Issue Requested: Not to exceed $625,000,000
Maximum Amount of Issue Requested: Not to exceed $625,000,000 at each address listed above, and not to exceed $625,000,000 in total
Project Description: The Debt/Bonds to be issued will be used to finance or refinance, among other things, all or a portion of the costs of (a) the advance refunding of a portion of The Berks County Municipal Authority's Fixed Rate Revenue Bonds (The Reading Hospital and Medical Center Project) Series 2009A 3, (b) the refunding of certain outstanding taxable indebtedness of RHS; (c) the design, construction, installation and furnishing of the Reading HealthPlex for Advanced Surgical & Patient Care, which is a 476,000 square foot surgical and inpatient tower located in West Reading, Pennsylvania; (d) the acquisition of Brandywine Hospital, a 234-bed acute care hospital located in Coatesville, Pennsylvania, including related office buildings, parking facilities and related facilities; (e) the acquisition of Chestnut Hill Hospital, a 135-bed acute care hospital located in Philadelphia, Pennsylvania, including related medical office buildings, surgery centers and parking facilities; (f) the acquisition of Jennersville Regional Hospital, a 63-bed acute care hospital located in West Grove, Pennsylvania, including related medical office buildings and related facilities; (g) the acquisition of Phoenixville Hospital, a 151-bed acute care hospital located in Phoenixville, Pennsylvania, including related medical office buildings and related facilities; (h) the acquisition of Pottstown Memorial Medical Center, a 232-bed acute care hospital located in Pottstown, Pennsylvania, including related medical offices and surgery centers; (i) the funding of a debt service reserve fund for the Bonds, if necessary; and (j) the payment of a portion of the costs of issuance of the Bonds.
At the public hearing, members of the public may appear in person or by attorney to provide information and make statements concerning the foregoing Project application. This notice is published in accordance with, and the public hearing is held by the Philadelphia Authority for Industrial Development on behalf of the Mayor of the City of Philadelphia, Pennsylvania, as the highest elected official in the jurisdiction in which a portion of the Project is located, all as required by Section 147(f) of the Internal Revenue Code of 1986 and the regulations thereunder.
Bond financings of the Berks County Industrial Development Authority are not obligations of the Commonwealth of Pennsylvania, the City of Philadelphia, the County of Berks nor of any city, borough, township or other political subdivision of the Commonwealth of Pennsylvania.

Philadelphia Authority for Industrial Development




Ref# 0003329155-01
PostedAugust 27, 2017