NOTICE OF PUBLIC HEARING WITH RESPECT

TO PROPOSED REVENUE BOND FINANCING

BY THE DISTRICT OF COLUMBIA

9:00 a.m., Tuesday, February 25, 2025

Toll free number (833) 231-3338;

Passcode 459997237#

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 tax-exempt Revenue Bonds (Georgetown University Issue) Series 2025, in one or more series, pursuant to a plan of financing, in an aggregate principal amount not to exceed $400,000,000 (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 Georgetown University, a non-profit institution of higher education organized under an Act of Congress and exempt from federal income taxes under Section 501(a) of the Code as an organization described in Section 501(c)(3) of the Code (the “Borrower”). For purposes of this notice, the total of the aggregate principal amounts listed below for the Projects (as defined below) exceeds the total aggregate maximum principal amount of Bonds that may be issued to finance or refinance all the Projects; nevertheless, the maximum total aggregate principal amount of Bonds that may be issued is $400,000,000.

The proceeds of the Bonds will be used by the Borrower for the purpose of: (A) refinancing the District’s University Revenue Bonds (Georgetown University Issue), Series 2010, the proceeds of which financed a new science building located at the Borrower’s main campus at 37th and O Streets, N.W., Washington, D.C. 20057, in an amount not to exceed $50,000,000, (B) financing or reimbursing all or a portion of the Borrower’s costs in connection with the construction, renovation, equipping and development of various academic, higher-education facilities and general campus improvements, including capital and working capital expenditures with respect to the following facilities: (i) an academic building located at 111 Massachusetts Avenue, N.W., Washington, D.C. 20001, in an amount not to exceed $200,000,000, (ii) a new academic building located at 120 F Street, N.W., Washington, D.C., 20001, which will be dedicated for use by the Borrower’s Law Center, in an amount not to exceed $200,000,000, (iii) a research laboratory located in a building at 3950 Reservoir Road, N.W., Washington, D.C. 20007, in an amount not to exceed $35,000,000, (iv) a lawn site and areas related or adjacent thereto, located at 3700 O Street N.W., Washington, D.C. 20057, in an amount not to exceed $15,000,000 (items described in (A) and (B) above shall be referred to collectively, as the “Projects”); (C) paying capitalized interest on the Bonds; (D) paying hedge agreement termination costs and credit enhancement and liquidity costs, if any; (E) funding a debt service reserve fund, if any, for the Bonds; and (F) paying issuance costs of the Bonds.

The Borrower is (or will be) the initial legal owner and principal user of the Projects. 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 9:30 a.m. on February 25, 2025, 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 Projects, may present up to three minutes of oral testimony at the public hearing by providing their names, addresses, telephone numbers, and organization represented (if any) to William Liggins at (202) 812-6090 or William.Liggins@dc.gov by the close of business on Friday, February 21, 2025. Witness statements, which will be made part of the official record, should be submitted by email to Mr. Liggins at William.Liggins@dc.gov or by mail to: Revenue Bond Program, 1015 Half Street, S.E., Suite 675, Washington, D.C. 20003, Attention: William Liggins, Director.

February 17, 2025

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