NOTICE OF PUBLIC HEARING WITH RESPECT

TO PROPOSED REVENUE BOND FINANCING

BY THE DISTRICT OF COLUMBIA

9:00 a.m., Thursday, November 14, 2024

Toll free number (833) 231-3338;

Passcode 381977991#

Notice is hereby given that the District of Columbia (the “District”) will hold a public hearing regarding the proposed issuance by the District of its Revenue Bonds (The Catholic University of America Issue), in one or more series, pursuant to a plan of financing, in the maximum stated principal amount not to exceed $165,000,000 (the “Bonds”). Proceeds of the Bonds, which will be issued, for federal income tax purposes, as qualified 501(c)(3) bonds as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”), will be loaned by the District to The Catholic University of America (the “Borrower”), which is a nonprofit organization organized under the laws the District, which is an organization described in Section 501(c)(3) of the Code.

The proceeds of the Bonds will be used by the Borrower for the purpose of financing, refinancing or reimbursing the Borrower for all or a portion of the costs of (A) refunding all or a portion of the outstanding District of Columbia Revenue Bonds (The Catholic University of America Issue) Series 2015, which were issued to refinance all or a portion of the costs of the 2015 Project (as defined below); (B) refunding all or a portion of the outstanding District of Columbia Revenue Bonds (The Catholic University of America Issue) Series 2017, which were issued to refinance all or a portion of the costs of the 2017 Project (as defined below); (C) the New Money Project (as defined below, and as referred to herein with the 2015 Project and the 2017 Project, the “Project”); (D) a portion of the interest on the Bonds; (E) a deposit to the debt service reserve fund securing the Bonds, if any; and (F) issuance costs and other related costs for the Bonds.

The term “2015 Project” means, collectively, certain capital expenditures of the Borrower, including but not limited to, the acquisition of, renovation to, improvement of, general upgrades to, installation of, equipping of new or existing facilities, infrastructure, and land of the Borrower located at or adjacent to the Borrower’s campus, which is located at 620 Michigan Avenue, N.E., Washington, D.C. 20064 (the “Borrower’s Campus”).

The term “2017 Project” means, collectively, certain capital expenditures of the Borrower, including but not limited to, the acquisition of, renovation to, improvement of, general upgrades to, installation of, equipping of new or existing facilities, infrastructure, and land of the Borrower located at or adjacent to the Borrower’s Campus.

The term “New Money Project” means, collectively, all or a portion of certain (A) capital expenditures of the Borrower, including but not limited to, the acquisition of, renovation to, improvement of, general upgrades to, installation of, equipping of new or existing facilities, infrastructure, and land of the Borrower located at or adjacent to the Borrower’s Campus and (B) working capital expenditures of the Borrower.

The maximum aggregate principal amount of Bonds to be issued for the: (A) 2015 Project is $40,000,000, (B) 2017 Project is $20,000,000, and (C) New Money Project is $116,000,000 (but in no event will the combined maximum stated principal amount of the Bonds issued for the 2015 Project, the 2017 Project, and the New Money Project exceed $165,000,000).

The Borrower is the initial legal owner and principal user of the Project. The Bonds will not be a general obligation of the District and will not be a pledge of or involve the faith and credit or the taxing power of the District.

The telephonic public hearing, which may be continued or adjourned, will be held at 9:00 a.m. on November 14, 2024, using the dial-in information provided at the top of this notice. Residents of the District of Columbia and persons interested in the proposed Bonds, or the location or nature of the Project, may present up to 3 minutes of oral testimony at the public hearing by providing their names, addresses, telephone numbers, and organization represented (if any) to Stanley Jackson at (202) 664-4027 or Stanley.Jackson@dc.gov by the close of business on Tuesday, November 12, 2024. Witness statements, which will be made part of the official record, should be submitted by email to Mr. Jackson at Stanley.Jackson@dc.gov or by mail to: Revenue Bond Program, 1015 Half Street, S.E., Suite 675, Washington, D.C. 20003, Attention: Stanley Jackson, Project Manager.

November 6, 2024

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