NOTICE OF PUBLIC HEARING
ON A PROPOSED PROJECT AND THE ISSUANCE OF
REVENUE BONDS UNDER THE
DEVELOPMENT ACT OF 1955
(SPECTRA HEALTH PROJECT)
NOTICE IS HEREBY GIVEN that the Board of County Commissioners of Grand Forks County, North Dakota (the "County"), will meet on November 3, 2020, beginning at 4:00 p.m. in the County Commission Room, Grand Forks County Office Building, 151 South 4th Street, Grand Forks, North Dakota, for the purpose of holding a public hearing on a proposal that the County issue revenue bonds under the Municipal Industrial Development Act of 1955, Chapter 40-57, N.D.C.C., in order to finance the project described below.
The Project consists of the acquisition of a six-story clinic and office facility and functionally related facilities located at 212 South 4th Street, Grand Forks, North Dakota (the "Facilities"). The Facilities will be owned and operated by the Spectra Health, a North Dakota nonprofit corporation. The amount of the proposed bond issue is not to exceed $2,750,000.
The bonds shall be limited obligations of the County payable solely from the revenue provided by Spectra Health and pledged to the payment thereof. No holder of any such bonds shall ever have the right to compel any exercise of the taxing power of the County to pay the bonds, or the interest thereon, nor to enforce payment against any property of the County.
The Spectra Health is engaged in the business of providing community medical, dental and behavioral health services and competitors are hereby notified of that fact pursuant to Chapter 40-57, N.D.C.C.
Due to the COVID-19 public health emergency, this meeting will be conducted with social distancing modifications consistent with the recommendations of the CDC as allowed under Governor Doug Burgum's executive order suspending N.D.C.C. 44-04-19. As a result, space will not be available in the County Commission Chambers. Members of the public are strongly encouraged to view the County Commission meeting streamed live through the County's Facebook, YouTube, and Twitter pages at:
Any member of the public seeking to submit comments relating to the public hearing should submit their comments to firstname.lastname@example.org. All comments received prior to 4:00 p.m. on the meeting date will be considered part of the record of the meeting as if personally presented.
(Oct. 14 & 21, 2020) 2862256