Laserfiche WebLink
EXHIBIT A <br />NOTICE OF PUBLIC HEARING <br />Notice is hereby given that the City of South Bend, Indiana (the "Local Jurisdiction ") and the <br />Public Finance Authority ( "Issuer ") will hold a public hearing on December 30, 2013 at 10:00 a.m. in the <br />office of the South Bend Redevelopment Commission, 227 West Jefferson Blvd., Suite 12005, South <br />Bend, Indiana 46601, regarding a proposal by South Bend Career Academy, Inc. (the "Borrower ") to the <br />Issuer to issue its Qualified Zone Academy Bonds, Series 2011 and 2013 (South Bend Career Academy, <br />Inc.) (the `Bonds ") in an aggregate principal amount not to exceed $4,000,000. The proceeds of the <br />Bonds will be loaned to the Borrower for the purpose of financing (i) the renovation and equipping of <br />existing building structures, all located at 3801 Crescent Circle, South Bend, Indiana, and (ii) the costs of <br />issuance incurred in connection therewith (the "Project "). The Project will be owned and operated by the <br />Borrower as an educational facility. <br />The Bonds are expected to be issued pursuant to Section 66.0304 of the Wisconsin Statutes, as <br />amended, and the proceeds from the sale of the Bonds will be loaned to the Borrower and used to finance <br />the renovation, installation and equipping of the Project. <br />The Bonds will not be in any respect general obligations of the Local Jurisdiction, the Issuer, the <br />State of Indiana, or any political subdivision thereof, but will be special, limited obligations of the Issuer <br />as the principal of, premium, if any, and interest on the Bonds will be payable solely from the revenues <br />and receipts derived from the repayment of the loan by the Borrower. The Bonds will be limited <br />obligations of the Issuer payable solely from the loan repayments to be made by the Borrower to the <br />Issuer, and certain funds and accounts established by the Bond Purchase and Loan Agreement for the <br />Bonds. <br />The Bonds will not be payable in any manner from revenues raised by taxation. The Bonds shall <br />not constitute a debt, liability or obligation of the Issuer, the State of Indiana or any political subdivision <br />thereof, or a pledge of the faith and credit or taxing power of any of them, and shall be payable only as <br />aforesaid. <br />The public hearing is being held pursuant to Section 147(f) of the Internal Revenue Code of 1986, <br />as amended, and Indiana Code 4- 4- 11- 17(c). The public is invited to comment on any of the matters <br />herein noted, and all taxpayers, residents or interested parties who appear will be given a reasonable <br />opportunity to express their views, both orally and in writing, on the proposed plan of financing for the <br />Project and other matters relating to the Bonds. Written comments may also be submitted to the Issuer <br />through David Relos, Public Hearing Officer, 227 West Jefferson Blvd., Suite 12005, South Bend, <br />Indiana 466015:00 p.m., December 30, 2013. <br />Notice dated December 16, 2013. <br />South Bend Redevelopment Commission <br />4845- 9876 -9431, v. I <br />