Notice of Public Hearing - Freeman Regional Health Services Bonds

NOTICE IS HEREBY GIVEN of a public hearing to be held by the City of Freeman, South Dakota (the “Issuer”) on November 3, 2026, at 6:30 p.m., or as soon thereafter as practicable, at City Hall of the Issuer, located at 185 E 3rd St, Freeman, SD 57029, in connection with a proposed financing plan involving the issuance by the Issuer of its Economic Development Revenue Bonds (Freeman Regional Health Services) (the “Bonds”) in one or more series pursuant to a plan of finance in an aggregate principal amount not to exceed $32,000,000, the proceeds of which will be loaned to Freeman Regional Health Service, a South Dakota nonprofit corporation (the “Project Owner”) for the purpose of financing the Project described below. The Bonds are expected to be issued as qualified 501(c)(3) bonds within the meaning of Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”).

‍ Project Owner and Occupant: Freeman Regional Health Services, a South Dakota nonprofit corporation and a tax-exempt organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”) will be the Project Owner and an occupant, with Avera McKennan as an additional occupant under a certain joint operating agreement.

‍ ‍ Project Description: The Project is proposed to include construction of a single-story Critical Access Hospital and Clinic, and mechanical penthouse. All of the facilities financed with proceeds of the Bonds are and will be located on the Project Owner’s land at the location described below.

‍ ‍Location of Project: The Project will be located at 807 S Highway 81, Freeman, South Dakota 57029, west of Highway 81 between 6th Street and 279th Street.

The Bonds are special, limited obligations of the Issuer, payable solely from payments made by the Project Owner. The Bonds will not constitute a debt or obligation of the City of Freeman, or the State of South Dakota (the “State”), or any political subdivision of the State. Neither the credit nor the taxing power of the State or of any political subdivision thereof (including, but not limited to, the City of Freeman) will be pledged or obligated for payment of the Bonds.

At the public hearing, any and all persons in attendance will be afforded an opportunity to comment, orally or in writing, on the proposed Project and/or the issuance by the Issuer of the Bonds.

This notice is published, and the public hearing is being held, by and on behalf of the Issuer as the issuer of the Bonds as required by Section 147(f) of the Code, and regulations promulgated thereunder.

Persons with disabilities who need reasonable accommodations or auxiliary aids or services to participate in the public hearing should contact the City of Freeman Finance Officer at 605-925-7127 as soon as possible, preferably at least 48 hours before the hearing. Requests received later will be considered and accommodated to the extent reasonably possible.

CITY OF FREEMAN