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NOTICE OF PUBLIC HEARING WITH RESPECT TO THE ISSUANCE OF BONDS BY THE CALIFORNIA SCHOOL FINANCE AUTHORITY FOR THE PURPOSE OF FINANCING
FACILITIES FOR THE BENEFIT OF COASTAL ACADEMY CHARTER SCHOOL, INC.
NOTICE IS HEREBY GIVEN that on December 12, 2012 at 8:30 a.m., the California School Finance Authority (the Authority) will hold a public hearing, as required by Section 147(f) of the Internal Revenue Code of 1986 (the Code), with respect to the proposed issuance and sale of revenue bonds on behalf of Coastal Academy Charter School, Inc. (the Borrower), in one or more series, in an aggregate principal amount not to exceed $16,000,000 (collectively, the Bonds). The Borrower is an organization described in Section 501(c)(3) of the Code.
The proceeds of the Bonds will be loaned to the Borrower for the purpose of financing the costs (including without limitation capitalized interest) of the acquisition, construction, expansion, rehabilitation, renovation, furnishing and equipping of certain charter school educational facilities, including classroom and administrative spaces and related and appurtenant 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 costs of issuance of the Bonds or (b) fund a debt service reserve fund for the Bonds. The Project will be owned by the Borrower and operated by the Borrower.
The hearing will commence at 8:30 a.m. local time, or as soon thereafter as the matter can be heard and will be held at 915 Capitol Mall, Room 587, Sacramento, California 98514. 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, prior to the time of the hearing, submit written comments to Katrina Johantgen, Executive Director, California School Finance Authority, 915 Capitol Mall, Room 261, Sacramento, California 98514. Interested persons may also participate in the public hearing by (i) telephone by dialing (888) 830-6260 at the appropriate time and entering the participant code, 631624, or (ii) TDD by dialing (800) 855-2880, and entering the conference call number, (888) 830-6260, and the participant code, 631624. The Authority reserves the right to limit the time available to any person presenting comments. Information on the proposed financing is available from the Authority at the address given above.
Pub. Nov 28-00105281