NOTICE OF PUBLIC HEARING The Washington State Housing Finance Commission (the "Commission") will hold an open public hearing for the purpose of considering the issuance by the Commission of tax-exempt revenue bonds in multiple series (the "Bonds") to finance and refinance two continuing care retirement communities in Spokane, Washington, owned by Spokane United Methodist Homes, doing business as Rockwood Retirement Communities (the "Borrower"), a Washington non-profit corporation described under section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), as such projects are described below. The public hearing will be held starting at 9:00 a.m., Tuesday, May 7, 2013, in the 28th Floor Elliot Bay Room of the Commission's offices located at 1000 Second Ave., Seattle, Washington 98104-3601. The Bonds will be issued pursuant to Chapter 43.180 Revised Code of Washington, and the Internal Revenue Code of 1986, as amended (the "Code"). The proceeds of the Bonds will be used to provide financing for the following projects and to fund a debt service reserve fund, capitalized interest and to pay issuance costs: Rockwood South Hill Project Address: 2903 East 25th Avenue Spokane, WA 99223 Rockwood at Hawthorne Project Address: 101 East Hawthorne Road Spokane, WA 99218 Total Estimated Project Cost $115,000,000 Estimated Maximum Bond Amount $115,000,000 The project will consist of the acquisition, construction and equipping of an 11-story, 65 unit independent living building known as The Summit at Rockwood South Hill, parking facilities, and common spaces. Each apartment in the new building will be a separate and complete dwelling unit consisting of living, eating, and sanitation facilities. The project will also include the refunding of the Commission's Variable Rate Demand Nonprofit Housing Revenue Bonds (Rockwood Retirement Com-munities Program), Series 1999A, currently outstanding in the amount of $16,675,000, and the Commission's Variable Rate Demand Nonprofit Housing Revenue Bonds (Rockwood Retirement Communities Pro-gram), Series 2002, currently outstanding in the amount of $8,005,000. Proceeds from the bonds to be refunded financed and refinanced portions of the costs of acquiring Rockwood at Hawthorne and capital improvements at Rockwood South Hill and Rockwood at Hawthorne, including (i) construction of a 60,000 square foot facility containing 30 assisted living units, 36 skilled nursing beds, nursing offices, and dining and activity/social rooms for residents, (ii) construction of 25 units of multifamily housing for the elderly at Rockwood South Hill, and (iii) rehabilitation of common areas at the two facilities. Written comments with respect to the proposed project and the proposed Bonds may be mailed or faxed to the attention of Dan Schilling, WSHFC, MHCF Division, 1000 Second Avenue, Suite 2700, Seattle, WA 98104-3601 or to (206) 587-5113, for receipt no later than 5 p.m. on Monday, May 6, 2013. Public testimony will be heard from all interested members of the public attending the hearing. The Commission will consider the public testimony and written comments in determining if the project will receive funding from tax-exempt bonds. Testimony and written comments regarding land use, zoning and environmental regulation should be directed to the local jurisdiction that is authorized to consider these matters when issuing building permits for the project. Anyone requiring an accommoda-tion consistent with the Americans with Disabilities Act should contact the MHCF division at 206-464-7139 or 1-800- 767-HOME (in state) at least 48 hours in advance of the hearing. The results of the hearing will be sent to the Governor for his approval. SR26007
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