Public Notices
NOTICE OF PUBLIC HEARING: LOUISIANA PUBLIC FACILITIES AUTHORITY REVENUE BONDS (VCOM MONROE MEDICAL SCHOOL PROJECT) $35,000,000
October 7, 2025
OCTOBER 7, 2025
NOTICE OF PUBLIC HEARING
NOT EXCEEDING $35,000,000
LOUISIANA PUBLIC FACILITIES AUTHORITY
REVENUE BONDS
(VCOM MONROE MEDICAL SCHOOL PROJECT)
NOTICE IS HEREBY GIVEN that the Louisiana Public Facilities Authority (the “Authority”) will hold a public hearing on October 15, 2025, at eleven o’clock (11:00) a.m. at the offices of the Authority, 2237 South Acadian Thruway, Suite 650, Baton Rouge, Louisiana, to hear any comments or objections to the issuance, sale and delivery of the captioned bonds, in one or more series (collectively, the “Bonds”). The Bonds are proposed to be reissued by the Authority in an aggregate face amount not to exceed $35,000,000. The proceeds of the Bonds have previously been loaned by the Authority directly to Harvey W. Peters Research Foundation (the “Foundation”), which is a South Dakota nonprofit corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”), and Ogletree Resources Corporation for the benefit of the Foundation. The ultimate purpose of such loans was the financing of all or a portion of the costs of acquiring, constructing, furnishing, equipping and installing facilities to constitute an osteopathic medical school and parking facilities in the 4400 and 4500 blocks of Bon Air Drive (aka Bon Aire Drive), at or about 4407, 4408 and 4503 Bon Air Drive (aka Bon Aire Drive), Monroe, Louisiana on the campus of the University of Louisiana at Monroe (the “Project”) and paying costs of issuance of the Bonds. The initial and current owner of the foregoing facilities is the Foundation and the initial and current operator of the foregoing facilities is Edward Via Virginia College of Osteopathic Medicine (“VCOM”), which is a Virginia non-stock corporation and an organization described in Section 501(c)(3) of the Code that operates the facilities by a lease from the Foundation.
The Authority shall conduct the public hearing for the purpose of receiving comments on and hearing any objections (verbal or written) to the proposed reissuance of the Bonds and the plan of finance accomplished by such reissuance of Bonds. All interested parties are invited to attend such public hearing to express their views.
Persons who intend to appear at the hearing and express their view are invited to contact Patricia A. Dubroc, President and Chief Executive Officer of the Authority, at the Authority’s offices, either in writing or by telephone (225) 923-0020, in advance of the hearing. Any interested persons unable to attend the hearing may submit their views in writing to Ms. Dubroc prior to the date scheduled for the hearing. The location and time of the hearing may be changed or an additional hearing will be scheduled if requested to do so in written requests submitted to Ms. Dubroc prior to the aforementioned date of the hearing by a significant number of interested persons.
The Bonds are secured solely by payments made by the Foundation pursuant to one or more loan or financing agreements, are not payable from any other revenues of the Authority or the State of Louisiana, and do not constitute an indebtedness of the Authority or the State of Louisiana, within the meaning of any constitutional or statutory limitation of indebtedness.
This notice is published and the aforementioned public hearing is to be held in satisfaction of the requirements of Section 147(f) of the Code, regarding the public approval prerequisite to the exclusion from gross income for federal income tax purposes of the interest on the Bonds.