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Notice of Public HeariNg

Notice is hereby given that on Friday, November 15, 2019, at 9:00 A.M., a public hearing
will be held before the Executive Director of the Illinois Finance Authority (the “Authority”), or
his designee, in Suite 501 of the law offices of Hart, Southworth & Witsman, One North Old
State Capital Plaza, Springfield, Illinois 62701, as required by Section 147(f) of the Internal
Revenue Code of 1986, as amended (the “Code”), regarding a plan of finance to issue one or
more series of the Authority’s revenue bonds (the “Bonds”), in an aggregate principal amount
not to exceed $210,000,000. The proceeds of the Bonds will be loaned to the Borrowers
described below, and will be used, together with certain other funds, to (i) in a principal amount
not to exceed $10,000,000, pay or reimburse the Borrowers for, or refinance, the costs of
acquiring, constructing, remodeling, renovating and equipping certain health care facilities
described below (collectively, the “New Money Purposes”); (ii) in a principal amount not to
exceed $200,000,000, refund all or a portion of the (a) Illinois Finance Authority Revenue Bonds,
Series 2012 (Lutheran Home and Services Obligated Group) (the “Series 2012 Bonds”), (b)
Upper Illinois River Valley Development Authority Revenue Bonds, Series 2010 (Pleasant View
Luther Home Project) (the “Series 2010 Bonds”), (c) City of Crown Point, Indiana Economic
Development Revenue Bonds, Series 2009A (Wittenberg Village Project) (the “Series 2009
Bonds”), (d) Illinois Finance Authority Revenue Bonds, Series 2006A (Luther Oaks Project) (the
“Series 2006A Bonds”), (e) Illinois Finance Authority Revenue Bonds, Series 2006B (Luther
Oaks Project) Extendable Rate Adjustable Securitiessm (EXTRASsm) (the “Series 2006B Bonds”),
and (f) Upper Illinois River Valley Development Authority Revenue Bonds, Series 2012 (Pleasant
View Luther Home Project) (the “Series 2012 Pleasant View Bonds” and, together with the
Series 2012 Bonds, the Series 2010 Bonds, the Series 2009 Bonds, the Series 2006A Bonds
and the Series 2006B Bonds, the “Prior Bonds”), the proceeds of which were used to pay the
costs of acquiring, constructing, remodeling, renovating and equipping certain health care
facilities and information systems at the locations described below; (iii) pay a portion of the
interest on the Bonds, if deemed necessary or advisable by the Authority or the Borrowers;
(iv) fund a debt service reserve fund, if deemed necessary or advisable by the Authority or the
Borrowers; (v) provide working capital to the Borrowers, if deemed necessary or advisable by
the Authority or the Borrowers; and (vi) pay certain expenses incurred in connection with the
issuance of the Bonds and the refunding of the Prior Bonds.
All of the improvements financed or refinanced by the Bonds are or will be owned or used
by Lutheran Home and Services for the Aged, Inc., Lutheran Life Ministries, Lutheran Home for
the Aged, Inc., Luther Oaks, Inc., Pleasant View Luther Home, Inc., Wittenberg Lutheran Village,
Inc. or Wittenberg Lutheran Village Endowment Corporation (collectively, the “Borrowers”) at
the facilities listed below.
A general functional description of each facility, the location of each such facility and
the estimated maximum aggregate principal amount of Bonds to be issued for New Money
Purposes with respect to each such facility are listed below:
(i) Lutheran Home and Services for the Aged, Inc. and Lutheran Home for the Aged, Inc.
(commonly known as Lutheran Home) located at 800 West Oakton Street, Arlington Heights,
Illinois 60004 (not to exceed $6,000,000) in order to pay the costs of acquiring, constructing,
remodeling, renovating and equipping certain existing facilities;
(ii) Pleasant View Luther Home, Inc. (commonly known as Pleasant View) located at 505
College Avenue, 311 Willard Avenue and 1019 University Avenue, Ottawa, Illinois 61350 (not to
exceed $3,000,000) in order to pay the costs of acquiring, constructing, remodeling, renovating
and equipping certain existing facilities;
(iii) Luther Oaks, Inc. (commonly known as Luther Oaks) located at 601 Lutz Road, 607
Lutz Road and 611 Lutz Road Bloomington, Illinois 61704 (not to exceed $4,000,000) in
order to pay the costs of acquiring, constructing, remodeling, renovating and equipping certain
existing facilities, including but not limited to the costs of constructing and equipping an
approximately 16,000 square foot addition with dining, kitchen and other common areas and
related remodeling to existing space; and
(iv) Wittenberg Lutheran Village, Inc. and Wittenberg Lutheran Endowment Corporation
(commonly known as Wittenberg Village) located at 1200 East Luther Drive, Crown Point,
Indiana 46307 (not to exceed $10,000,000) in order to pay the costs of acquiring, constructing,
remodeling, renovating and equipping certain existing facilities, including but not limited to the
costs of remodeling the existing nursing care facilities.
The Bonds are special, limited obligations of the Authority, payable solely out of the revenues
and other funds pledged and assigned for their payment in accordance with one or more
loan agreements each between the Borrowers and the Authority and one or more indentures
pursuant to which the Bonds are issued. The Bonds do not constitute a debt of the Authority
or of the State of Illinois within the meaning of any provisions of the Constitution or statutes of
the State of Illinois or a pledge of the faith and credit of the Authority or of the State of Illinois
or grant to the owners thereof any right to have the Authority or the General Assembly levy
any taxes or appropriate any funds for the payment of the principal thereof or interest thereon.
The above notice of public hearing is required by Section 147(f) of the Code. At the time
and place set for the public hearing, residents, taxpayers and other interested persons will be
given the opportunity to express their views for or against the Bonds and the proposed plan of
finance. Written comments may also be submitted to the Executive Director of the Authority
via email at publiccomments@il-fa.com or (i) at his office located at 160 North LaSalle Street,
Suite S-1000, Chicago, Illinois 60601 (overnight delivery), or (ii) at P.O. Box 641249, Chicago,
Illinois 60664 (mail) until November 13, 2019.
In accordance with the Americans with Disabilities Act (“ADA”), if any person with a disability
as defined by the ADA needs special accommodations to participate in the public hearing, then
not later than November 14, 2019, he or she should contact the Authority at (312) 651-1300.
ILLINOIS FINANCE AUTHORITy
NOTICE DATED: November 8, 2019
By /s/ Christopher Meister
Executive Director

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