NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that a public hearing pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"), will be held by the Genesee County Funding Corporation (the "Issuer") on the 22nd day of October, 2025 at 1:00 p.m. local time, in connection with the matter described below, on behalf of itself and Monroe County, New York, St. Lawrence County, New York, Wayne County, New York and Ontario County, New York, and in particular relating to the approvals that need to be obtained pursuant to the Code from the County Legislature of Genesee County, New York, the County Executive of Monroe County, New York, the Board of Legislators of St. Lawrence County, New York, the Board of Supervisors of Wayne County, New York and the Board of Supervisors of Ontario County, New York, with respect to the bond financing or portions thereof and the projects to be financed thereby, as described below. As more fully set forth below, the public hearing will be held via toll-free telephone conference only. PLEASE NOTE THE SPECIAL PUBLIC HEARING LOGISTICS AND INSTRUCTIONS INCLUDED AT THE END OF THIS NOTICE.
Monroe Sustainable Energy Partners, LLC, an Arizona limited liability company, the sole member of which will be Community Finance Corporation ("CFC"), an Arizona 501(c)(3) corporation, or an entity formed or to be formed by it or on its behalf, the sole member of which will be CFC (collectively, the "Company"), has requested that the Issuer issue its Revenue Bonds (Rochester Regional Health Energy Projects), Series 2025 (the "Series 2025 Bonds"), in one or more series, as part of a plan of finance, in the aggregate stated principal amount not to exceed $150,000,000 to: (A) pay or reimburse the costs of the acquisition, development, construction, improvement and equipping of certain energy related improvements, including but not limited to, upgrading and replacing central utility plant assets, installing solar arrays, replacing air handling units, upgrading building automation systems, implementing battery storage solutions, and making other infrastructure improvements at certain hospitals and related facilities owned and/or operated by Rochester Regional Health or certain affiliates of Rochester Regional Health or the Company located at 1425 Portland Avenue, Rochester, New York 14621; 55 Genesee Street, Rochester, New York 14611; 1555 Long Pond Road, Rochester, New York 14626; 1200 Driving Park Avenue, Newark, New York 14513; 50 Leroy Street, Potsdam, New York 13676; 77 W. Barney Street, Gouverneur, New York 13642; 1 Hospital Drive, Massena, New York 13662; 6119 Highway 11, Canton, New York 13617; 2 Coulter Road, Clifton Springs, New York 14432; and 127 North Street, Batavia, New York 14020 (collectively, the "Project"); (B) fund interest to accrue on the Series 2025 Bonds; and (C) pay or reimburse certain costs in connection with the issuance of the Series 2025 Bonds (collectively, (A) through (C) is hereinafter referred to as the "Project Costs").
It is intended that interest on the Series 2025 Bonds will not be included in gross income for federal income tax purposes pursuant to Section 103(a) of the Code. The Series 2025 Bonds will be special limited obligations of the Issuer payable solely from certain amounts payable by the Company under a loan agreement or other financing agreement with the Company and certain other assets, if any, of the Company pledged for the repayment of the Series 2025 Bonds. THE SERIES 2025 BONDS SHALL NOT BE A DEBT OF THE STATE OF NEW YORK OR ANY POLITICAL SUBDIVISION THEREOF, INCLUDING THE COUNTY OF GENESEE AND NEITHER THE STATE OF NEW YORK NOR ANY POLITICAL SUBDIVISION THEREOF, INCLUDING THE COUNTY OF GENESEE SHALL BE LIABLE THEREON.
In order for the interest on the Series 2025 Bonds to be excluded from gross income for federal income tax purposes, it is required under the Code that the Issuer obtain (i) the approval of the Project and the issuance of the Series 2025 Bonds by the County Legislature of Genesee County, New York and (ii) the approval of the respective portion of the Project located in each of Monroe County, New York, St. Lawrence County, New York, Wayne County, New York and Ontario County, New York and the respective portion of the Series 2025 Bonds to be issued to finance or refinance such portion of the Project, by the County Executive, Board of Legislators and Board of Supervisors of the respective county in which such portion of the Project is located. It is intended that the Series 2025 Bonds will be issued as qualified 501(c)(3) bonds within the meaning of Section 145 of the Code.
PLEASE NOTE SPECIAL PUBLIC HEARING CONDUCT INSTRUCTIONS AND INFORMATION:
The Issuer will not accommodate any in-person public attendance or participation at this hearing. Nonetheless, in furtherance of federal regulations requiring interested individuals to have a reasonable opportunity to express their view at this hearing, and in accordance Internal Revenue Service Revenue Procedure 2022-20 allowing such hearing to continue if the Issuer is able to hold the public hearing remotely through use of telephone conference, the Issuer will provide all interested persons of the public the opportunity, at the time and on the date indicated above, to provide oral comments with respect to the Project and/or the issuance of the Series 2025 Bonds via a telephone conference by calling into the following toll-free telephone number: +1 (646) 931-3860, entering meeting ID: 862 6973 9210 and passcode: 520996, and via videoconference at:
https://us06web.zoom.us/j/86269739210?pwd=msKPcmnglnS9dnacHlafw0Tz7HsBGv.1
Dated: October 14, 2025 GENESEE COUNTY FUNDING
CORPORATION