Denver Post, NOTICE IS HEREBY GIVEN that the Colorado Educational and Cultural Facilities Authority (the "Authority") will conduct a public hearing concerning the approval of the issuance by the Authority of its tax-exempt Charter School Revenue Bonds (Stargate Charter School Project) in one or more series, in an aggregate principal amount not to exceed $27,500,000 (the "Bonds"). Proceeds of the Bonds will be used by Stargate School Property Corporation (the "Corporation") and Stargate Charter School (the "Charter School") for a plan of finance comprised of the following purposes: (a) acquiring land and constructing and equipping an educational facility thereon (collectively, the "Facilities"); (b) funding capitalized interest on the Bonds; (c) funding a debt service reserve fund; and (d) paying the costs of issuance of the Bonds (collectively, the "Project"). The Facilities will be owned by the Corporation, and leased to and operated by the Charter School, an organization described under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"). The Facilities are located at the North East corner E 144th Ave and Washington Street in the City of Thornton, County of Adams, State of Colorado. The Bonds are not general obligations of the Authority. The Bonds and the interest thereon shall never constitute the debt or indebtedness of the Authority, the State of Colorado (the "State") or any political subdivision thereof within the meaning of any provision of the Constitution and laws of the State and shall not constitute nor give rise to a pecuniary liability or a charge against the general credit or taxing powers of the Authority or the State. This notice is intended to comply with the public notice requirements of Section 147(f) of the Code. All interested parties are invited to attend and present comments at the public hearing regarding the plan of finance, the Facilities, the Project and the issuance of the Bonds. The public hearing on the Bonds and financing the Project will be held on December 22, 2014, at 10:00 a.m. at the offices of the Authority at 1981 Blake Street, first floor conference room, Denver, Colorado 80202.
↧