NOTICE IS HEREBY GIVEN that on June 26, 2024, a public hearing as required by Section 147(f) of the Internal Revenue Code of 1986, as amended, will be held with respect to the proposed issuance by the Pajaro Valley Health Care District (the “District”) of its general obligation bonds in one or more series in an amount not to exceed $60,000,000 (the “Bonds”). The proceeds of the Bonds will be used to finance: (1) the acquisition of the land on which the Watsonville Community Hospital (the “Hospital”) is located at 75 Nielson St, Watsonville, California, (2) certain costs of architectural and engineering design for the Hospital’s emergency department, (3) the costs of certain outdoor common space upgrades at the Hospital, (4) the costs of certain security system upgrades at the Hospital, (5) the costs of certain fixtures at the Hospital consisting of a CT Scanner and MRI machine, as associated Hospital renovations, (6) radiology room upgrades at the Hospital, (7) HVAC repairs and upgrades at the Hospital, (8) solar panels and related infrastructure at the Hospital, (9) roof repairs and replacement at the Hospital, and (10) certain expenses incurred in connection with the issuance of the Bonds. The facilities are to be owned by the District and operated by the Pajaro Valley Health Care District Hospital Corporation (the “Corporation”), a nonprofit public benefit corporation described in Section 501(c)(3) of the Internal Revenue Code of 1986, and may be leased by the District from time to time to the Corporation and one or more other nonprofit public benefit corporations that are described in Section 501(c)(3) of the Internal Revenue Code of 1986.

The Bonds will be general obligations of the District, payable solely from ad valorem property taxes levied by the District and collected by Santa Cruz County and Monterey County. 

The hearing will commence at 5:15 p.m. or as soon thereafter as the matter can be heard, and will be held in the Kathleen King Community Room, 85 Nielson Street, Watsonville, California. Interested persons wishing to express their views on the issuance of the Bonds or on the nature and location of the facilities proposed to be financed may attend the public hearing or, prior to the time of the hearing, submit written comments.
Additional information concerning the above matter may be obtained from, and written comments should be addressed to: Clerk of the Board, Pajaro Valley Health Care District, 75 Nielson Street, Watsonville, CA 95076.

Dated: June 17, 2024