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NOTICE OF PUBLIC HEARING WITH RESPECT TO NOT TO EXCEED $155,000,000 OF REVENUE BONDS NOTICE IS HEREBY GIVEN that a public hearing will be conducted by the Board of County Commissioners of Miami-Dade County, Florida (the "County") on Tuesday, September 1, 2026, at 9:30 a.m. local time (ET), or as soon thereafter as the matter can be heard, and will be held at Miami-Dade Commission Chambers, Stephen P. Clark Government Center, Second Floor, 111 N.W. 1st Street, Miami, Florida 33128. The hearing is open to the public and is being held pursuant to the provisions of Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"), with regard to the proposed issuance by the Capital Trust Authority (the "Issuer") of not to exceed $155,000,000 in aggregate principal amount of its revenue bonds, from time to time, in one or more series, of tax-exempt qualified 501(c)(3) bonds or taxable bonds (the "Bonds"). The proceeds of the Bonds will be loaned to BH Wellness Foundation (the "Parent"), a Delaware nonprofit, nonstock corporation which is also a federal 501(c)(3) tax-exempt organization under the Code, Southern Winds Hospital Holdings LLC, a Delaware limited liability company ("Holding Company"), Southern Winds Hospital LLC, a Delaware limited liability company ("Operating Company"), and 4225 LLC, a Delaware limited liability company ("Property Company" and collectively with the Parent, Holding Company and the Operating Company and each of its successors, and collectively, the "Borrower"), for the purpose of (i) financing or refinancing, the acquisition, construction, expansion, rehabilitation, renovation and equipping of an approximately 36,624 square foot, two (2) story, 72-bed adult inpatient psychiatric hospital facility, known as Southern Winds Hospital, located on 1.868 acres located at 4225 W 20th Ave, Hialeah, Miami-Dade County, Florida 33012, including related facilities, fixtures, furnishings and equipment (collectively, the "Facilities"), via the acquisition of the membership interests in the entities that own such assets or through the acquisition of such assets directly (the "Project"); (ii) funding of one or more debt service reserve funds; (iii) funding certain liquidity and other reserves; (iv) providing working capital; and (v) paying certain expenses incurred in connection with the issuance of the Bonds (collectively, the "Financing Purposes"). The plan of finance contemplates that the Issuer will issue, in respect to the Project and the Financing Purposes, not exceeding $155,000,000 in aggregate principal amount of its Bonds, in one or more series of tax-exempt qualified 501(c)(3) bonds or taxable bonds, and loan the proceeds of the Bonds to the Borrower to provide funds for the Project and the Financing Purposes. The Facilities will be owned and operated by the Parent, indirectly through the Property Company as it relates to the ownership of the property and the Operating Company as it relates to the operation of the Facilities and will be the true beneficial party of interest for the Facilities. The Bonds, when issued, will be special, limited obligations payable solely out of the revenues, income and receipts pledged to the payment thereof and derived from financing agreements with the Borrower, and none of the Issuer, the County or the State of Florida (the "State") will be obligated to pay the principal of, premium, if any, or interest on the Bonds except from the payments of the Borrower and other funds as set forth in the trust indenture relating to the Bonds. The Bonds and the interest thereon shall never (i) pledge the taxing power of the County, the State or any other political subdivision, public agency or municipality thereof within the meaning of any constitutional or statutory provision, (ii) constitute the debt or indebtedness of the Issuer, the County, the State or any other political subdivision, public agency or municipality thereof within the meaning of any constitutional or statutory prohibition, (iii) or pledge the full faith and credit of the Issuer, County, the State or any political subdivision, public agency or municipality thereof. The Issuer has no taxing power. Issuance of the Bonds is subject to several conditions including satisfactory documentation and receipt of necessary approvals for the financing. The public hearing is required by Section 147(f) of the Code. Subsequent to the public hearing, the Board of County Commissioners of the County will consider whether to approve the issuance of the Bonds as required by Section 147(f) of the Code. At the time and place fixed for said public hearing all who appear will be given an opportunity to express their views, both orally and in writing, for or against the proposal to approve the issuance of said Bonds and the nature and location of the Project within the County. Prior to said public hearing, written comments may be delivered to the Capital Trust Authority, c/o Bryant Miller Olive P.A., 400 N. Tampa Street, Suite 1600, Tampa, Florida 33602, Attention: Kareem J. Spratling. Interested parties may: (1) view a live broadcast of the Commission meeting in the lobby of the Stephen P. Clark Government Center, located on the first floor; (2) speak, where permissible, in the Miami-Dade Commission Chambers located on the second floor of the Stephen P. Clark Government Center (members of the public will be required to register to speak on the first floor); (3) view a live broadcast on Miami-Dade Television; (4) view a live webcast at https://www.miamidade.gov/webcasting; (5) after the meeting, view an archived copy of the meeting at www.miamidade.gov/webcasting; or (6) if you are deaf or hard of hearing, you may join the meeting using Florida Relay Service by dialing 711 on your telephone. IPL0367670 Aug 21 2026
Post Date: 08/21 12:00 AM
Refcode: #IPL0367670 
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