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 (James Irwin Educational Foundation Project) Series 2015 in an aggregate principal amount not to exceed $27,000,000 (the "Bonds"). The proceeds from the sale of the Bonds will be loaned to and used by James Irwin Educational Foundation (the "Foundation"), for a plan of finance for the following purposes: (a) financing and refinancing the acquisition, construction, and equipping of educational facilities located at: (i) 5525 Astrozon Blvd., Colorado Springs, Colorado 80916; (ii) 1801 N. Howard Ave., Colorado Springs, Colorado 80909; and/or (iii) 2525 Canada Drive, Colorado Springs, Colorado 80922; each in the County of El Paso, Colorado (collectively, the "Facilities"); (b) funding a bond reserve fund, (c) financing capitalized interest on the Bonds, if necessary; and (d) paying the costs of issuance of the Bonds (collectively, the "Project"). The Facilities will be owned by the Foundation, an organization described under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), and leased to and operated by the James Irwin Charter Schools, including, but not limited to, James Irwin Charter High School, James Irwin Charter Middle School, James Irwin Charter Elementary School and James Irwin Charter Academy, one or more of which is an organization described under Section 501(c)(3) of the Code. 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 of the Facilities and the Project will be held on July 22, 2015, at 10:00 a.m. at the offices of the Authority at 1981 Blake Street, first floor conference room, Denver, Colorado 80202.
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