VERMONT EDUCATIONAL AND HEALTH BUILDINGS FINANCING AGENCY NOTICE OF PUBLIC HEARING

Vermont Educational and Health Buildings Financing Agency, Burlington, Vermont (the “Agency”), a body corporate and politic constituting a public instrumentality of the State of Vermont, proposes to issue its Vermont Educational and Health Buildings Financing Agency Revenue Bonds (The Brattleboro Retreat Project), Series 2025 A (the “Bonds”), in an aggregate principal amount not to exceed $6,515,000 as qualified 501(c)(3) bonds as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”), to make a loan to The Brattleboro Retreat (the “Corporation”) for purposes of (i) refunding the Agency’s outstanding Revenue Bonds (The Brattleboro Retreat Project) 2015 Series A (the “2015 Bonds”), and (ii) paying a portion of certain expenses incurred in connection with the issuance of the Bonds. 

 

The 2015 Bonds were issued to provide funds to the Corporation to refund the Agency’s outstanding Revenue Bonds (the Brattleboro Retreat Project) 2011 Series A, the proceeds of which were used to (i) pay, or reimburse the Corporation for paying, a portion of the costs of the acquisition, construction, renovation, furnishing and equipping of the ’s facilities, including repair and replacement of roofs, HVAC system upgrades, plumbing, sparklers, window replacement, flooring, tunnel system renovations and various other repairs to housing facilities, furniture and equipment for patient areas and offices and the acquisition and implementation of an electronic medical records system (the “2011 Project”), and (ii) refund the Agency’s Variable Rate Demand Revenue Bonds (the Brattleboro Retreat Project) 2007 Series A, which were issued to refinance various capital improvements of the Corporation, including the acquisition of an information assembly, processing and control system, the making of certain major repairs to the facilities of the Corporation; including electrical upgrades, alarm and security systems, roads and·landscaping, roofing, interior renovations; lighting; heating and, life-safety code improvements, improvements to a steam turbine generator and the acquisition of vehicles and heavy equipment and other furnishings and equipment, including elevators (collectively with the 2011 Project, the “Projects”). 

 

The Projects constitute an integrated operation of the Corporation and are all located in Brattleboro, Vermont at 178 Linden St., 256 Linden St., 672 East Orchard Street, and on the Corporation’s main campus at 22 Anna Marsh Lane, Brattleboro, Vermont 05302.  The Corporation is the legal owner and principal user of the Projects.

Please Take Notice that the Agency will hold a public hearing as required by Section 147(f) of the Code at 11:00 a.m. on Monday, July 7, 2025, at which time any person may be heard regarding the issuance of the proposed Bonds and the refinancing of the Projects. 

The general public may participate in the public hearing by calling the following toll-free telephone number:  833 548 0276, and use Meeting I.D.: 885 3590 2368, Passcode 471951. Members of the general public may also participate in the public hearing by Zoom using this link: https://us06web.zoom.us/j/88535902368?pwd=QUk5zumS2fFrocZBiDYVuZknmCsNdI.1.  

 

Written comments may also be submitted to the Agency via email at michael@vtbondagency.org no later than 10:30 a.m. on July 7, 2025.

Documents regarding the proposed Bonds and other public records regarding the Projects described above are in the possession of the Agency and will be made available upon request.

Any person who decides to appeal any decision made by the Agency with respect to any matter considered at its hearing will need a record of the proceedings.  Such person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based. 

 

	/s/ Michael Gaughan
	Executive Director
	Vermont Educational and Health Buildings Financing Agency