NOTICE REGARDING ADOPTION OF RESOLUTION
AND SUMMARY OF RESOLUTION
The Kentucky Bond Development Corporation (the "Issuer"), at a meeting of its Board of Directors held on October 7, 2025, adopted the following bond resolution:
A RESOLUTION OF THE KENTUCKY BOND DEVELOPMENT CORPORATION, AUTHORIZING THE ISSUANCE OF UP TO $55,000,000 PRINCIPAL AMOUNT OF KENTUCKY BOND DEVELOPMENT CORPORATION HOSPITAL REVENUE BONDS, CITY OF HILLVIEW SERIES 2025 (CENTURION-UOFL HEALTH SOUTH) IN ONE OR MORE SERIES OR SUBSERIES, THE PROCEEDS OF WHICH SHALL BE LOANED TOAN AFFILIATE OF THE CENTURION FOUNDATION, INC. TO FINANCE THE ACQUISITION, CONSTRUCTION, INSTALLATION, AND EQUIPPING OF HEALTHCARE FACILITIES FOR THE BENEFIT OF SAID AFFILIATE OF THE CENTURION FOUNDATION, INC. AND UOFL HEALTH - LOUISVILLE, INC. PROVIDING FOR THE PLEDGE OF REVENUES FOR THE PAYMENT OF SUCH BONDS; AUTHORIZING ONE OR MORE LOAN AGREEMENTS APPROPRIATE FOR THE PROTECTION AND DISPOSITION OF SUCH REVENUES AND TO FURTHER SECURE SUCH BONDS; AUTHORIZING ONE OR MORE TRUST INDENTURES, BOND PURCHASE AGREEMENTS AND TAX CERTIFICATES AND AGREEMENTS,; AND AUTHORIZING OTHER ACTIONS IN CONNECTION WITH THE ISSUANCE OF SUCH BONDS.
The Resolution authorized the issuance by the Issuer of approximately $55,000,000 of the Issuer's Hospital Revenue Bonds, City of Hillview Series 2025 (Centurion-UofL Health South) (the "Bonds") to provide funds to make a loan to The Centurion Foundation (together with any of its affiliates, the "Borrower"), the proceeds of which will be used by the Borrower for financing, refinancing, or reimbursing a portion of the costs of the purchase, acquisition, construction, enlargement, remodeling, renovation, improvement, furnishing or equipping of the hospitals, other health facilities, and their related facilities, including a leasehold interest in land, to be owned by the Borrower and used and operated by UofL Health – Louisville, Inc., and generally located at 1903 West Hebron Avenue and 1905 West Hebron Avenue in Shepherdsville, Kentucky, and (ii) costs of issuance of the Bonds. The Bonds are being issued under Chapter 103 of the Kentucky Revised Statutes, and is to be retired from the loan payments to be made under a Loan Agreement (the "Agreement") by and among the Issuer and the Borrower. The Bond is not a general obligation of the Issuer or the City of Hillview, Kentucky but is a special and limited obligation of the Issuer payable solely from the revenues and funds pledged therefor under the Agreement securing the Bonds. The Bonds will not be payable from other revenues or assets of the Issuer and neither the faith and credit nor the taxing power of the Commonwealth of Kentucky or any of its agencies or political subdivisions is pledged to the payment of the Bonds.
Interest on the Bonds will be determined as set forth in a Trust Indenture by and among the Issuer and U.S. Bank National Association, as Trustee. The Resolution also authorizes the execution on behalf of the Issuer of additional various financing documents involved in the transaction, including a Tax Certificate and Agreement and related documents. A copy of the Resolution and the forms of the financing documents described above are on file with the Secretary of the Issuer.
KENTUCKY BOND DEVELOPMENT CORPORATION
By: /s/ Robyn Miller
Secretary
The undersigned Attorney-at-Law, licensed to practice in Kentucky, hereby certifies that the foregoing title summary of a Resolution of the Kentucky Bond Development Corporation was prepared by the undersigned and constitutes a general summary of essential provisions of the Resolution, reference to the full text of which ordinance is hereby made for a complete statement of its provisions and terms.
By: /s/ Mark S. Franklin
Dinsmore & Shohl LLP
101 South Fifth Street, Suite 2500
Louisville, Kentucky 40202
IPL0288177
Nov 6 2025