PUBLIC NOTICE


NOTICE IS HEREBY GIVEN THAT
the members of the Arizona Industrial Development Authority (Authority) have been invited to the Arizona is Home Press Conference.

Thursday, April 11, 2024
10:00 – 11:00 a.m.

1028 E Pierce St
Phoenix, Arizona 85006

While a quorum of the Authority may be in attendance at this event, the members of the Authority will not engage in any deliberations, decisions, or other legal action of the public body.

Arizona IDA - TEFRA

Notices of Public Hearing

For certain types of private activity bonds, a public hearing (sometimes referred to as a “TEFRA hearing”) is mandated by the IRS to provide a reasonable opportunity for interested individuals to express their views, either orally or in writing, on the issuance of bonds and the nature of the improvements and projects for which the bond funds will be allocated. Please consult your tax lawyer should you have any questions regarding the requirements to satisfy the mandate of Section 147(f) of the Internal Revenue Code of 1986, as amended.

If no information is listed below, there are no public hearings currently scheduled.

HEARING DATETuesday, June 18, 2024, at 2:00 p.m. local time (Arizona Time)

REFERENCELegacy Traditional School – Chandler, an Arizona nonprofit corporation

– Click the link below the Summary for the Notice in its entirety. File Type: PDF

BRIEF SUMMARY: A public hearing will be held by a representative of the Arizona Industrial Development Authority (the “Issuer”) on June 18, 2024, at 2:00 p.m. local time (Arizona Time), or as soon thereafter as the matter can be heard, regarding the proposed issuance by The Industrial Development Authority of the County of Maricopa (the “Maricopa IDA”) of its Education Revenue Refunding Bonds (Legacy Traditional Schools Projects), Series 2024, in one or more series from time to time pursuant to a plan of financing, in an aggregate principal amount not to exceed $80,000,000 (the “Bonds”). The Bonds will be issued as qualified 501(c)(3) bonds under Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”). A portion of the Bonds, up to $19,300,000 in aggregate principal amount (the “Non-Maricopa Portion”), is expected to be used to refinance a project located within the state of Arizona but outside of the jurisdiction of the Maricopa IDA and Maricopa County, Arizona (the “County”). The proceeds from the Bonds will be used to make a loan to Legacy Traditional School – Chandler (the “Borrower”), an Arizona nonprofit corporation and an organization described in Section 501(c)(3) of the Code, as representative of an obligated group comprised of the Borrower and certain of its affiliates (the “Obligated Group”), in order to refinance The Industrial Development Authority of the City of Phoenix, Arizona Education Facility Revenue Bonds (Legacy Traditional School Projects), Series 2014A (the “2014A Bonds”). The proceeds of the Non-Maricopa Portion of the Bonds will be used, in part, to refinance a portion of the 2014A Bonds, the proceeds of which were used to finance the cost of acquiring, constructing, improving and equipping charter school facilities located at 3500 West Cortaro Farms Road in Tucson, Arizona (the “Non-Maricopa County Project”). The Non-Maricopa County Project will be owned and operated by Legacy Traditional School – Northwest Tucson, an Arizona nonprofit corporation and an organization described in Section 501(c)(3) of the Code and a member of the Obligated Group. For more information, including information on how to attend the public hearing, please see the complete Notice of Public Hearing linked below, which includes toll free dial-in information.

HEARING DATETuesday, June 18, 2024, at 2:00 p.m. local time (Arizona Time)

REFERENCE:   Mater Academy of Nevada – a 501(c)(3) Nevada nonprofit corporation

– Click the link below the Summary for the Notice in its entirety. File Type: PDF

BRIEF SUMMARY: A public hearing will be held by a representative of the Arizona Industrial Development Authority (the “Issuer”) on June 18, 2024, at 2:00 p.m. local time (Arizona Time), or as soon thereafter as the matter can be heard, regarding the proposed issuance by the Issuer of its revenue bonds in one or more series from time to time pursuant to a plan of financing, in an amount not to exceed $65,000,000 (the “Bonds”). The Bonds will be issued as qualified 501(c)(3) bonds under Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”). The proceeds from the sale of the Bonds will be used to make a loan to Mater Academy of Nevada, a duly organized and validly existing Nevada nonprofit corporation and an organization described in Section 501(c)(3) of Code (the “Borrower”), for the purpose of assisting the Borrower in financing and/or refinancing the cost of the acquisition, construction, development, improvement, equipping and/or operating of an existing 148,578 square foot charter school facility operated out of four separate buildings situated on a 20.04 acre site and the related land located at 3900 East Bonanza Road, Las Vegas, Nevada 89110 (collectively, the “Facilities”). The Facilities will be owned and/or operated by the Borrower. For more information, including information on how to attend the public hearing, please see the complete Notice of Public Hearing linked below, which includes toll free dial-in information.

HEARING DATE Thursday, February 1, 2024, at 11:00 a.m. local time (Arizona Time)

REFERENCE: FSL Village on Humphreys Flagstaff 2019, LP, an Arizona Limited Partnership

– Click the link below the Summary for the Notice in its entirety. File Type: PDF

BRIEF SUMMARY: A public hearing will be held by a representative of the Arizona Industrial Development Authority (the “Issuer”) on February 1, 2024, at 11:00 a.m. local time (Arizona Time), or as soon thereafter as the matter can be heard, regarding the proposed issuance by the Issuer of its revenue notes, bonds or other obligations in one or more series from time to time pursuant to a plan of financing, in an amount not to exceed $10,000,000, the proceeds of which will be loaned to FSL Village on Humphreys Flagstaff 2019, LP, an Arizona limited partnership (the “Borrower”), in order to finance and/or refinance, as applicable, all or a portion of the costs of the acquisition, construction, improvement, equipping and/or operating of a qualified residential rental facility (including improvements and facilities functionally related and subordinate thereto) which is expected to be comprised of approximately 70 units (all or a portion of which will be set aside for occupancy by low- to moderate-income senior tenants (age-restricted)) situated on approximately one acre of real property generally located at or near 320 N. Humphreys St, Flagstaff, Arizona 86001 (collectively, the “Facilities”).  The Facilities will be owned and/or operated by the Borrower.  For more information and to attend the public hearing, please see the complete Notice of Public Hearing linked below, which includes toll free dial-in information.

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