CLASSIFIEDS
00094286 —
Listing Began:
Description
Seller's Comments and Description:
NOTICE OF TELEPHONIC PUBLIC HEARING
WITH RESPECT TO PROPOSED REVENUE BOND FINANCING
BY THE DISTRICT OF COLUMBIA
9:30 A.M., June 26, 2025
304-306-2335; Access Code: 117525646#
or
Teams app at https://www.microsoft.com/microsoft-teams/join-a-meeting
Meeting ID: 2325277518678; Passcode: 42Pt6vP3
Notice is hereby given that the District of Columbia (the “District”) will hold a virtual public hearing with respect to the proposed issuance by the District of its tax-exempt revenue bonds (in one or more series or issues) in an aggregate principal amount not to exceed $15,000,000 (the “Bonds”). The proceeds of the Bonds will be used to make a loan to Early Childhood Academy Public Charter School (the “Borrower”). The loan will be used to finance, refinance or reimburse the Borrower for certain costs of: (1) refinancing of certain existing indebtedness, the proceeds of which were used to finance or refinance the costs of the acquisition and renovation of the Borrower’s approximately 37,700 square foot public charter school facility public charter school facility located at 885 Barnaby Street, SE, Washington, DC, 20032 (the “Facility”); (2) funding the construction, equipping and development of the Facility; (3) funding certain working capital costs, to the extent financeable relating to the Bonds; (4) funding interest on the Bonds and any credit enhancement costs, liquidity costs or debt service reserve fund relating to the Bonds; and (5) paying cost of issuance and other related costs to the extent permissible relating to the Bonds.
The Facility will be owned by the Borrower. The Facility will be used by the Borrower in connection with its educational purposes. The Bonds will be special, limited obligations of the District payable from loan payments received from the Borrower and other amounts pledged therefor. 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 virtual public hearing, which may be continued or adjourned, will be held at 9:30 a.m. on June 26, 2025, using the dial-in telephone number and access code or the Microsoft Teams meeting provided at the top of this notice. Persons who wish to present oral testimony at the telephonic hearing should provide their names, addresses and telephone numbers, as well as the organization they represent (if any), to William Liggins at (202) 812-6090. Please feel free to contact William Liggins at William.liggins@dc.gov to request a meeting invitation to the Microsoft Teams meeting. Each person presenting oral testimony will be limited to 4 minutes and should provide Mr. Liggins with 5 written copies of their testimony at, or prior to, the hearing. Persons wishing to submit only written testimony may submit their testimony by 5:00 p.m. on June 23, 2025, to: William Liggins, Office of the Deputy Mayor for Planning and Economic Development, D.C. Revenue Bond-Enterprise Zone Program, 1015 Half Street, S.E., Suite 675, Washington, D.C. 20003 or email to William.liggins@dc.gov.
June 19, 2025 Ad#94286