![]() The public hearing, which may be continued or adjourned, will be held on Tuesday, September 12, 2023, at 4:00 p.m., before the Authority, in the Isle of Wight County Board of Supervisors' Room, at the Isle of Wight County Courthouse Complex, 17140 Monument Circle, Isle of Wight, Virginia 23397. Neither the Commonwealth nor any political subdivision thereof, including the Authority and Isle of Wight County, Virginia, shall be obligated to pay the Bonds, or the interest thereon, or the costs incident thereto, except from the revenues and monies received from the Borrower and pledged therefor, and neither the faith and credit nor the taxing power of the Commonwealth nor any political subdivision thereof, including the Authority and Isle of Wight County, Virginia, will be pledged to the payment of the principal of or interest on such Bonds or other costs incident thereto. The Bonds will not constitute a debt or pledge of the faith and credit of the Commonwealth of Virginia (the "Commonwealth") or any political subdivision thereof, including the Authority and Isle of Wight County, Virginia. (2) the financing of, if and as needed, amounts required for reserves, working capital, capitalized interest, costs of issuance, other capital expenditures at the facilities described above and other financing expenses related to the issuance of the Bonds (collectively (1) through (2), the "Plan of Finance"). ![]() (1) the acquisition, development, constructing and equipping of a new hospital and related medical buildings in Smithfield, Virginia, to be owned and operated by the Borrower or an affiliate thereof, which are expected to be located in and around 19339 Benns Grant Boulevard and 19375 Benns Grant Boulevard, Smithfield, Virginia and The Authority will loan the proceeds of the Bonds to the Borrower, or an affiliate thereof, to finance all or a portion of the costs associated with the following project: The Bonds are expected to be issued as qualified 501(c)(3) bonds as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the "Code"). Notice is hereby given that the Economic Development Authority of Isle of Wight County, Virginia (the "Authority"), whose address is 17146 Monument Circle, Isle of Wight, Virginia 23397, will hold a public hearing on the request of Riverside Healthcare Association, Inc., a Virginia nonstock corporation (the "Borrower") whose address is 701 Town Center Drive, Newport News, Virginia 23606, for the issuance by the Authority of up to $300,000,000 of revenue bonds (the "Bonds"), in one or more series from time to time. NOTICE OF PUBLIC HEARING TO BE HELD BY THE ECONOMIC DEVELOPMENT AUTHORITY OF ISLE OF WIGHT COUNTY, VIRGINIA FOR THE BENEFIT OF RIVERSIDE HEALTHCARE ASSOCIATION, INC. AUCTION AD Affordable Towing and Recovery
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