(Published in The Lawrence Journal World on April 13, 2004)

NOTICE OF PUBLIC HEARING IN CONNECTION WITH THE ISSUANCE OF

HEALTH CARE FACILITIES REFUNDING AND IMPROVEMENT REVENUE BONDS

BY THE CITY OF WICHITA, KANSAS

Public notice is hereby given that the governing body of the City of Lawrence, Kansas, will conduct a public hearing relating to the proposed issuance by the City of Wichita, Kansas of its Health Care Facilities Refunding and Improvement Revenue Bonds (Presbyterian Manors, Inc.), in one or more series, in an aggregate principal amount of not to exceed $24,000,000 (the “Series 2004 Bonds”).  Said public hearing will be held on April 27, 2004, at 6:35 p.m., or as soon thereafter as possible, at City Hall, 6^th and Massachusetts, Lawrence, Kansas 66044.

Said Series 2004 Bonds are proposed to be issued by the City of Wichita, Kansas (the “Issuer”) under the authority of K.S.A. 12-1740 et seq., and K.S.A. 10-116a, all as amended, and the authority of the Kansas Interlocal Cooperation Act, K.S.A. 12-2901 et seq., for the purpose of (i) refunding the Issuer’s outstanding  Health Care Facilities Refunding Revenue Bonds, Series V, 1993 (Presbyterian Manors, Inc.),  Health Care Facilities Improvement Revenue Bonds, Series I, 1994 (Presbyterian Manors, Inc.), Health Care Facilities Refunding Revenue Bonds, Series IV, 1994 (Presbyterian Manors, Inc.), Health Care Facilities Refunding Revenue Bonds, Series V-A and V-B, 1995 (Presbyterian Manors, Inc.), and Health Care Facilities Refunding Revenue Bonds, Series VIII-B and VIII-C, 2001 (Presbyterian Manors, Inc.) (collectively, the “Existing Bonds”); (ii) paying the cost of renovating, expanding and/or equipping the Facilities described below; (iii) funding a debt service reserve; and (iv) paying certain costs of issuance. 

Proceeds of the Existing Bonds were used to finance or refinance the cost of acquiring, purchasing, constructing, renovating, furnishing and equipping the following health care facilities (the “Facilities”):

            continuing care retirement facility located at 1711 North Fourth, Arkansas City, Kansas;

            continuing care retirement facility located at 200 Campus Avenue, Dodge City, Kansas;

            continuing care retirement facility located at 2300 Industrial Road, Emporia, Kansas;

            assisted living retirement facility located at 2400 South Horton, Fort Scott, Kansas;

continuing care retirement facility located at 7850 Freeman, Kansas City, Kansas

            continuing care retirement facility located at 1429 Kasold Drive, Lawrence, Kansas;

            continuing care retirement facility located at 1200 E. 7th Street, Newton, Kansas;

continuing care retirement facility located at 2601 East Crawford, Salina, Kansas;

            continuing care retirement facility located at 4712 West Sixth Street, Topeka, Kansas.

A portion of the proceeds of the Series 2004 Bonds will be used to renovate the Salina, Kansas and Kansas City, Kansas facilities described above, as well as to pay the costs of minor capital improvements to the Facilities.  The Facilities are owned by the Issuer, and are leased and will continue to be leased by the  Issuer to Presbyterian Manors, Inc., a Kansas not-for-profit corporation. 

All persons having an interest in this matter will be given an opportunity to be heard at the time and place specified.  In the event the Series 2004 Bonds are not ultimately issued for any reason, the City of Lawrence, Kansas, shall not be deemed to have assumed or incurred any liability or obligation to Presbyterian Manors, Inc., the City of Wichita, Kansas, or any other party by virtue of any proceedings or actions taken in connection therewith.

                                                                        CITY OF LAWRENCE, KANSAS

                                                                        By: /s/Frank S. Reeb, City Clerk