NOTICE OF PUBLIC HEARING BEFORE THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF PRINCE WILLIAM ON PROPOSED PRIVATE ACTIVITY REVENUE BOND FINANCING FOR THE HARBOR AT QUANTICO CREEK, LLC, AN AFFILIATE OF DUMFRIES SENIOR LIVING, LLC

Notice is hereby given that the Industrial Development Authority of the County of Prince William (the "Authority"), whose address is P.O. Box 2636, Manassas, Virginia 20108, will hold a public hearing on the request of The Harbor at Quantico Creek, LLC, a Virginia limited liability company (the "Borrower"), an affiliate of Dumfries Senior Living, LLC, whose address is 1123 Ormond Court, McLean, Virginia 22101, for the issuance by the Authority of up to $25,000,000 of its revenue bonds to (a) finance or refinance a portion of the cost of acquiring, constructing and equipping an age-restricted, affordable multifamily residential housing facility (the “Project”), to consist of approximately 125 residential units in an approximately 151,000 square foot, 5-story building on approximately 7.6 acres of land located at 17950 Curtis Drive, Dumfries, Virginia, 22026, in Prince William County, Virginia and (b) finance certain costs of issuance, funding of any required reserves and other financeable expenditures. The Project will meet the requirements of a qualified residential rental project within the meaning of Section 142(d) of the Internal Revenue Code of 1986, as amended. The Project will be owned and/or operated by the Borrower or an entity related to the Borrower.

The public hearing, which may be continued or adjourned, will be held at 6:30 p.m. on May 6, 2024 before the Authority in the Potomac Conference Room of the Prince William County James J. McCoart Government Administration Building located at 1 County Complex Court, Woodbridge, Virginia, 22192. The public hearing will provide an opportunity for interested persons to be heard. The public hearing will provide the fullest opportunity for the expression of opinion and for argument on the merits on the issuance of the proposed private activity bonds.

The proposed private activity bonds will not pledge the credit or the taxing power of the Commonwealth of Virginia, the County of Prince William, Virginia or the Authority but will be payable solely from the revenues derived from the Borrower and the Project and pledged therefor.

INDUSTRIAL DEVELOPMENT AUTHORITY OF THE COUNTY OF PRINCE WILLIAM

Published: April 29th, 2024

AD#83265