NOTICE REGARDING RESOLUTION A RESOLUTION OF THE KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY AUTHORIZING THE AMENDMENT OF THE TRUST INDENTURES ENTERED INTO IN CONNECTION WITH THE REISSUANCE OF THE KENTUCKY ECONOMIC DEVELOPMENT FINANCE AUTHORITY VARIABLE RATE DEMAND HOSPITAL REVENUE BONDS, SERIES 2009B (BAPTIST HEALTHCARE SYSTEM OBLIGATED GROUP); AUTHORIZING FURTHER ACTION BY THE AUTHORITYS OFFICERS AND OTHER OFFICIALS AND DIRECTING THEM TO TAKE ALL NECESSARY ACTION TO CARRY OUT THE INTENT AND PURPOSE OF THIS RESOLUTION. Notice is given that a Resolution entitled as above (the Resolution) was adopted by the Kentucky Economic Development Finance Authority (the Authority) at a meeting in Frankfort, Kentucky, on June 25, 2015, that provides authorization for the execution and delivery of (a) First Supplemental Indentures (the First Supplements), amending and supplementing the Bond Trust Indentures between the Authority and U.S. Bank National Association, dated as of February 1, 2009, pursuant to which each sub-series of the Bonds was originally issued, and (b) Corporation Orders, being issued pursuant to the respective First Supplements, all in connection with the reissuance of the above-referenced Bonds (the Bonds), for the purpose of providing for a mode conversion with respect to any or all of the Bonds from their current interest rate modes to a new interest rate mode. The Resolution declares and confirms the Bonds to be special and limited obligations payable solely and only from the receipts derived under the respective Loan Agreements (as defined in the Bond Trust Indentures) (and related notes) and the trust estates created under the Bond Trust Indentures as provided in the documents approved under the Resolution. The amount outstanding of the Bonds is $284,435,000. The net proceeds from the sale of the Bonds were applied to pay costs of certain hospital facilities for Baptist Healthcare System, Inc. (BHS) at Central Baptist Hospital, Lexington, Kentucky, Baptist Hospital East and BHS Support Services, St. Matthews, Kentucky, Western Baptist Hospital, Paducah, Kentucky, Baptist Regional Medical Center, Corbin, Kentucky, and Baptist Hospital Northeast, LaGrange, Kentucky, to refund, redeem and discharge certain Series 1999A Bonds of the Authority, to refund interim bank loans of BHS and BHA (as defined hereinafter) used to redeem certain Series 1999B, Series 1999C, Series 2005A and Series 2005B Bonds of the Authority, and to pay costs of issuance and related costs. The Bonds will continue to be payable solely from payments to be received from BHS (on its behalf and as successor by merger to Baptist Health Affiliates, Inc. (BHA)) under the terms of the Loan Agreements, related Notes of BHS and certain other limited sources, all as provided by KRS 103.200 to 103.285, inclusive. A copy of the Resolution is available in the Authoritys offices (Old Capitol Annex - 3rd Floor, 300 West Broadway, Frankfort, Kentucky 40601) for public inspection. Notice dated June 25, 2015. Assistant Secretary-Treasurer Kentucky Economic Development Finance Authority
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