00098788 —

Dec 28-22:40
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

9:45 A.M., January 8, 2026

TELEPHONIC CONFERENCE DIAL-IN

PHONE NUMBER: 1 (888) 585-9008;

ACCESS CODE: 272743583#

or

Teams link: https://www.microsoft.com/microsoft-teams/join-a-meeting

Meeting ID: 28312539137119; Passcode: Qq7FH3Ct

Notice is hereby given that the District of Columbia (the “District”) will hold a telephonic public hearing with respect to the proposed issuance by the District of its tax-exempt revenue bonds in an aggregate principal amount not to exceed $90,000,000, in one or more series pursuant to a plan of financing (the “Bonds”). The proceeds of the Bonds will be used to make a loan to Friendship Public Charter School, Inc. (the “Borrower”). The loan will be used to:

(1) finance certain capital improvements at the following locations of the Borrower: (i) Tech Prep Academy Campus, located at 2705 Martin Luther King Jr. Avenue SE, Washington, DC 20032 and the adjacent office building located at 642 Milwaukee Place SE, Washington, DC 20032 (collectively, “Tech Prep”); (ii) Chamberlain Elementary Campus and Middle Campus, an approximately 80,660 square foot primary and secondary school located at 1345 Potomac Avenue SE, Washington, DC 20003 and 14th Street SE, Washington, DC 20003 (“Chamberlain”); (iii) Woodridge Elementary Campus and Middle Campus, an approximately 115,000 square foot primary school located at 2959 Carlton Avenue NE, Washington, DC 20018 and 2900 Central Avenue, Washington, DC 20018 (“Woodridge”); (iv) Blow Pierce Elementary Campus and Middle Campus, an approximately 62,994 square foot primary school located at 725 19th Street NE, Washington, DC 20002 and Claggett Place Street NE, Washington, DC 20002 (“Blow Pierce”); (v) Carter G. Woodson Collegiate Academy, an approximately 151,558 square foot high school located at 4095 Minnesota Avenue NE, Washington, DC 20019 (“Collegiate”); (vi) Southeast Elementary Campus and Middle Campus, an approximately 115,261 square foot school complex located at 2715 Martin Luther King Jr. Avenue SE, 645 Milwaukee Place SE, and the adjacent facility located at 620 Milwaukee Place SE, Washington, DC 20032 (“Southeast Elementary”); (vii) Ideal Elementary Campus and Middle Campus, an approximately 111,251 square foot school complex located at 6130 North Capitol Street NW, Washington, DC 20011 and 6200 Kansas Avenue NE, Washington, DC 20011; (viii) Armstrong Elementary Campus and Middle Campus, an approximately 70,000 square foot elementary school located at 1400 First Street NW, Washington, DC 20001, also known as 111 O Street NW, Washington, DC 20001 (“Armstrong”); and (ix) Online Academy, a virtual online school located in an approximately 10,000 square foot facility at 1351 Nicholson Street NW, Washington, DC 20011 (“Online Academy”) ((i) - (ix) collectively, the “Friendship Campuses”);

(2) finance the acquisition and renovation of certain facilities located at 4069-4089 Minnesota Avenue NE, Washington, DC 20019 (the “Minnesota Avenue Project,” and together with

the Friendship Campuses, the “Facilities”);

(3) finance the purchase of certain equipment and furnishings for the Facilities;

(4) finance the purchase of certain other property, real and personal, functionally related and subordinate to the Facilities;

(5) fund certain expenditures associated with the financing of the Facilities, to the extent permissible, including, credit enhancement costs, liquidity costs, a debt service reserve fund or working capital;

(6) fund certain reserves;

(7) pay costs of issuance and other related costs, to the extent permissible; and

(8) refinance the District’s Revenue Bonds (Friendship Public Charter School, Inc. Issue) Series 2016A, in the original principal amount of $57,895,000, the proceeds of which were used to finance, refinance or reimburse all or a portion of the Borrower’s costs of:

(i) acquisition and construction of improvements, including a parking lot and playground, at Southeast Elementary;

(ii) certain capital improvements at the following locations of the Borrower: (a) Tech Prep; (b) Chamberlain; (c) Woodridge; (d) Blow Pierce; (e) Collegiate; (f) Armstrong; and (g) Online Academy;

(iii) the acquisition or leasing, construction, renovation, furnishing and equipping of the Borrower’s Blow Pierce, Chamberlain, Woodridge and Collegiate campuses;

(iv) the construction of a building addition and acquisition equipment at the Southeast Elementary campus;

(v) funding of working capital; and

(vi) funding certain expenditures associated with the financing of the foregoing, to the extent permissible.

The Facilities are or will be used as elementary and secondary school facilities and are or will be owned and operated by the Borrower to further the exempt purposes of providing instruction, student support, student activities and other ancillary academic and administrative services to elementary and secondary students.

The Bonds will be special obligations of the District payable solely from loan payments received from the Borrower and other amounts pledged therefor. The Bonds will not be a debt of the District. The Bonds will not be recourse to the District, will not be a general obligation of the District, and will neither be a pledge of, nor 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 9:45 a.m.

on January 8, 2026 using the dial-in telephone number and access code 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) 727-6365. Each person presenting oral testimony will be limited to 4 minutes and should provide Mr. Liggins with 25 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 January 6, 2026, 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.

A copy of the application for this financing may be inspected at the Office of the Deputy Mayor for Planning and Economic Development, D.C. Revenue Bond-Enterprise Zone Program, during normal business hours at 1015 Half Street, S.E., Suite 675, Washington, D.C. 20003.

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