Denver Post, NOTICE OF PUBLIC HEARING COLORADO EDUCATIONAL AND CULTURAL FACILITIES AUTHORITY REVENUE BOND (DENVER WALDORF SCHOOL PROJECT) SERIES 2015 NOTICE IS HEREBY GIVEN that a public hearing pursuant to Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Tax Code") will be held by the Colorado Educational and Cultural Facilities Authority (the "Authority"), as the representative of the State of Colorado (the "State"), on Wednesday, March 25, 2015, at 10:00 a.m., at 1981 Blake Street, Denver, Colorado, to consider the proposed issuance by the Authority of its Colorado Educational and Cultural Facilities Authority Revenue Bond (Denver Waldorf School Project) Series 2015, in the maximum aggregate principal amount of $2,500,000 (the "Bond"). The proceeds of the Bond will be loaned to the Denver Waldorf School, a Colorado non-profit corporation (the "School") for the purpose of: (i) financing and refinancing a portion of the cost of acquiring, constructing, furnishing and equipping an 82,000 square foot school building located on a 3.75 acre site at 2100 South Pennsylvania Street in Denver, Colorado; (ii) funding a reserve fund for the Bond, if necessary; and (iii) paying certain costs of issuing the Bond (the "Project"). All Project facilities will be owned and operated by the School. THE BOND SHALL BE A SPECIAL OBLIGATION OF THE AUTHORITY. THE AUTHORITY WILL NOT BE OBLIGATED TO PAY THE BOND OR THE INTEREST THEREON, EXCEPT FROM THE ASSETS OR REVENUES PLEDGED THEREFOR. IN NO EVENT SHALL THE STATE OR ANY POLITICAL SUBDIVISION THEREOF (OTHER THAN THE AUTHORITY) BE LIABLE FOR THE BOND, AND THE BOND SHALL NOT CONSTITUTE A DEBT OF THE STATE OR ANY SUCH POLITICAL SUBDIVISION THEREOF. THE AUTHORITY DOES NOT HAVE THE POWER TO PLEDGE THE GENERAL CREDIT OR TAXING POWER OF THE STATE OR ANY POLITICAL SUBDIVISION THEREOF. THE AUTHORITY HAS NO TAXING POWER. It is intended that the interest payable on the Bond be excludable from the gross income of the owners thereof for federal income tax purposes pursuant to the applicable provisions of the Tax Code. The Authority will, at the above stated time and place, receive any comments from and hear all persons with views in favor of or opposed to the proposed issuance of the Bond and the use of the proceeds thereof to finance the Project. A report of the hearing will be made to the Treasurer of the State who will consider the issuance of the Bond for approval. Approval of the Bond by the State through its Treasurer is necessary in order for the interest payable on the Bond to qualify for exclusion from the gross income of the owners thereof for federal income tax purposes. DATED: March 10, 2015 COLORADO EDUCATIONAL AND CULTURAL FACILITIES AUTHORITY /s/ Mark Heller Executive Director
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