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AgdaPkt 2017-07-24 Closed and Joint SA FPA
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AgdaPkt 2017-07-24 Closed and Joint SA FPA
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Last modified
9/21/2017 12:52:47 PM
Creation date
7/20/2017 4:36:59 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
7/24/2017
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8.A. - Page 2 <br />health care system in the state of California, with over 8,000 employees and <br />approximately 1,680 licensed acute care and skilled nursing beds. <br />Verity consists of Verity Health* and the following: <br />• O'Connor Hospital* <br />• Saint Louise Regional Hospital* <br />• St. Francis Medical Center* <br />• St. Vincent Medical Center* <br />• Seton Medical Center (including its unincorporated division Seton Medical Center <br />Coastside)* (both located in San Mateo County) <br />• Verity Business Services <br />• Marillac Insurance Company, Ltd. <br />• O'Connor Hospital Foundation <br />• Saint Louise Regional Hospital Foundation <br />• St. Francis Medical Center Foundation <br />• St. Vincent Medical Center Foundation <br />• Seton Medical Center Foundation <br />• St. Vincent de Paul Ethics Corporation <br />• St. Vincent Dialysis Center <br />• De Paul Ventures, LLC <br />• Verity Medical Foundation <br />• Verity Holdings, LLC <br />• Verity BASM Holdco, LLC <br />* Member of the Obligated Group, as defined in the Master Indenture of Trust, dated as <br />of December 1, 2001 (as previously amended and supplemented, the "Master <br />Indenture'), between Verity Health, the other Members (as defined therein) identified in <br />the Master Indenture and U.S. Bank National Association. <br />Since Verity Health, the company that owns the projects to be financed with the <br />proposed CaIPFA revenue bonds, is headquartered within Redwood City, the City <br />Council has been asked to conduct the public hearing and to approve the issuance of <br />the revenue bonds as the host governmental unit. Proper notice has been made <br />concerning this hearing. <br />Verity Health is governed by an independent board of directors and is committed to <br />providing community benefit through a variety of community-based outreach programs <br />and wellness activities. In addition, Verity benefits from a range of philanthropic gifts <br />generously given in support of its caring mission. <br />
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