Denver Post, NOTICE IS HEREBY GIVEN that the Colorado Educational and Cultural Facilities Authority (the "Authority") will conduct a public hearing on May 5, 2015 (the "Public Hearing") concerning the approval of the issuance by the Authority of its Revenue Bond (The Aspen Country Day School, Inc. Project) Series 2015 in an aggregate principal amount not to exceed $15,000,000 (the "Bond"). Proceeds of the Bond will be used by The Aspen Country Day School, Inc., a Colorado nonprofit corporation (the "Borrower"), to finance the cost of the following elements of the plan of finance: (a) to current refund a portion of the outstanding Colorado Educational and Cultural Facilities Authority 2012 Tax-Exempt Loan (The Aspen Country Day School, Inc.) (the "2012 Loan") which was originated in order to finance, together with Music Associates of Aspen, Inc., a Colorado nonprofit corporation ("MAA"), the initial phase of construction of new buildings and related improvements, infrastructure and amenities, and the renovation, redevelopment, reconstruction, improvement, enlargement and equipping of existing buildings comprising the educational facilities commonly known as the Castle Creek Campus located on approximately 23 acres in the City of Aspen, Colorado (the "Facilities") (the Borrower will use internal funds to pay off the remaining portion of the 2012 Loan); (b) to finance the second phase of construction, renovation, redevelopment, reconstruction, improvement, enlargement and equipping of the Facilities; and (c) to pay certain issuance expenses related thereto (collectively, the "Project"). The Facilities to be financed and refinanced with proceeds of the Bond are located at the following addresses in Aspen, Colorado: 85, 90 & 100 Country Day Way; 3, 50, 225, 235 & 300 Music School Road; and 55, 135, 145, 155, 175, 177, 200, 220, 225, 250, 300, 330, 335, 340, 345 & 355 Music School Circle. The Facilities will be owned and used in part by the Borrower and in part by MAA. The Borrower operates the Aspen Country Day School at the Facilities and MAA operates the Aspen Music Festival and School at the Facilities. The Bond is not a general obligation of the Authority. The Bond 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 of the Authority or the State or the general taxing powers of the State. This notice is intended to comply with the public notice requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended. All interested parties are invited to attend and present comments at the Public Hearing regarding the plan of finance, the issuance of the Bond, the Project and the Facilities. The Public Hearing on the Bond and the plan of finance will be held on May 5, 2015, at 10:00 a.m. at the offices of the Authority at 1981 Blake Street, Denver Colorado 80202.
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