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NOTICE OF PUBLIC HEARING WITH RESPECT TO THE ISSUANCE OF BONDS BY THE CALIFORNIA
MUNICIPAL FINANCE AUTHORITY FOR THE PURPOSE OF FINANCING FACILITIES FOR THE BENEFIT OF COASTAL ACADEMY CHARTER SCHOOL, INC.
NOTICE IS HEREBY GIVEN that at 9:00 a.m. local time, or as soon thereafter as the matter may be heard, on December 4, 2012, at 1600 Pacific Highway, Room 310, San Diego, California 92101, the Board of Supervisors of the County of San Diego (the Board) will conduct a public hearing (the Public Hearing) at which the Board will hear and consider information concerning the issuance and sale of one or more series of tax-exempt revenue bonds by the California Municipal Finance Authority (the Authority) in an aggregate principal amount not to exceed $16,000,000 (collectively, the Bonds), for the benefit of Coastal Academy Charter School, Inc., a nonprofit public benefit corporation and public charter school organized and existing under the laws of the State of California (the Borrower). The Borrower is an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986 (the Code).
The Authority will loan the proceeds of the Bonds to the Borrower for the purpose of financing the costs of the acquisition, construction, expansion, rehabilitation, renovation, remodeling, furnishing and equipping of certain charter school educational facilities to be located at 4096 Calle Platino, Oceanside, California 92056 (the Project). Any proceeds of the Bonds not allocated to the Project will be used to (a) pay interest on the Bonds, (b) pay costs of issuance of the Bonds or (c) fund a debt service reserve fund for the Bonds. The Project will be owned by the Borrower and operated by the Borrower.
Neither the faith and credit nor the taxing power of the County of San Diego (the County), the State of California (the State), or any other political corporation, subdivision or agency of the State is pledged to the payment of the principal of, premium, if any, or interest on, the Bonds, nor shall the County, the State, or any other political corporation, subdivision or agency of the State be liable or obligated to pay the principal of, premium, if any, or interest on, the Bonds.
The Public Hearing is intended to comply with the public notice requirements of Section 147(f) of the Code. Interested persons wishing to express their views on the issuance of the Bonds or on the nature and location of the facilities proposed to be financed may attend the Public Hearing or may submit written comments, which must be received prior to the Public Hearing by the County of San Diego, Attention: Clerk of the Board of Supervisors, 1600 Pacific Highway, Room 402, San Diego, California 92101. The County reserves the right to limit the time available to any person presenting comments.
Dated: November 19, 2012
COUNTY OF SAN DIEGO
By:/s/ Thomas J.Pastuszka
Clerk of the Board of Supervisors
Pub. Nov 19-00105049