NOTICE OF PUBLIC HEARING
Notice is hereby given of a hearing to be held on behalf of Arlington Higher Education Finance Corporation (the "Issuer") on Tuesday, May 26, at 9:00 a.m. CT via teleconference at Dial-In: 1.800.719.6100, Access Code: 8503021#. Among items to be discussed will be additional uses of proceeds of the Issuer's Education Revenue Bonds (Great Hearts America – Texas) Series 2021A (the "2021A Bonds"), Education Revenue Bonds (Great Hearts America – Texas) Series 2022A (the "2022A Bonds"), Education Revenue Bonds (Great Hearts America – Texas) Series 2023A (the "2023A Bonds"), and Education Revenue Bonds (Great Hearts America – Texas) Series 2024A (the "2024A Bonds" and, collectively with the 2021A Bonds, the 2022A Bonds, and the 2023A Bonds, the "Bonds"), for certain education facilities that are to be owned and operated by a Texas nonprofit corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, Great Hearts America – Texas (the "Borrower").
The Borrower will use proceeds of the 2021A Bonds for financing or refinancing the costs of acquiring, improving, constructing and equipping certain properties and facilities to be used for educational, administrative, athletic, science and classroom purposes, to fund capitalized interest, and to pay costs of issuing the 2021A Bonds, at the following locations and for the respective maximum principal amounts: (i) $15,650,000 for Great Hearts Forest Heights, located at 5538 Research Rd, San Antonio, Texas; (ii) $26,650,000 for Great Hearts Invictus, located at 12018 Bandera Road, Helotes, Texas; (iii) $19,650,000 for Great Hearts Irving Upper School, located at 3520 World Cup Way, Irving, Texas; (iv) $600,000 for Great Hearts Irving Lower School, located at 3580 W. Story Road, Irving, Texas; and (v) $32,050,000 for Great Hearts Prairie View, located at 9001 NW Hwy 287, Fort Worth, Texas (collectively, the "2021A Projects").
The Borrower will use proceeds of the 2022A Bonds for financing or refinancing the costs of acquiring, improving, constructing and equipping certain properties and facilities to be used for educational, administrative, athletic, science and classroom purposes, to fund capitalized interest, and to pay costs of issuing the 2022A Bonds, at the following locations and for the respective maximum principal amounts: (i) $20,500,000 for Great Hearts Lakeside, located at 7633 Harris Pkwy, Fort Worth, Texas; (ii) $500,000 for Great Hearts Prairie View, located at 9001 NW Hwy 287, Fort Worth, Texas; and (iii) $500,000 for Great Hearts Invictus, located at 12018 Bandera Road, Helotes, Texas (collectively, the "2022A Projects").
The Borrower will use proceeds of the 2023A Bonds for financing or refinancing the costs of acquiring, improving, constructing and equipping certain properties and facilities to be used for educational, administrative, athletic, science and classroom purposes, to fund capitalized interest, and to pay costs of issuing the 2023A Bonds, at the following locations and for the respective maximum principal amounts: (i) $18,000,000 for Great Hearts Live Oak, located at 7653 North Loop 1604 East, Live Oak, Texas; (ii) $6,800,000 for Great Hearts Northern Oaks, located at 17223 Jones Maltsberger Road, San Antonio, Texas; (iii) $900,000 for Great Hearts Prairie View, located at 9001 NW Hwy 287, Fort Worth, Texas; (iv) $900,000 for Great Hearts Invictus, located at 12018 Bandera Road, Helotes, Texas; and (v) $400,000 for Great Hearts Western Hills, located at 8702 Ingram Road, San Antonio, Texas (collectively, the "2023A Projects").
The Borrower will use proceeds of the 2024A Bonds for financing or refinancing the costs of acquiring, improving, constructing and equipping certain properties and facilities to be used for educational, administrative, athletic, science and classroom purposes, to fund capitalized interest, and to pay costs of issuing the 2024A Bonds, at the following locations and for the respective maximum principal amounts: (i) $18,000,000 for Great Hearts Arlington, located at 6701 South Cooper Street, Arlington, Texas; (ii) $32,000,000 for Great Hearts Irving Lower School, located at 3580 W. Story Road, Irving, Texas; (iii) $2,000,000 for Great Hearts Prairie View, located at 9001 NW Hwy 287, Fort Worth, Texas; and (iv) $4,000,000 for Great Hearts Invictus, located at 12018 Bandera Road, Helotes, Texas (collectively, the "2024A Projects," and collectively with the 2021A Projects, 2022A Projects, and 2023A Projects, the "Projects").
The Projects will be owned and operated by the Borrower. The Bonds are not payable out of taxes and are secured by and payable solely from funds provided by the Borrower. Members of the general public may attend or submit written comments prior to the hearing regarding the Projects or the Bonds to the Issuer c/o Abraham "Abe" Benavides, McCall, Parkhurst & Horton L.L.P., 717 North Harwood, Suite 900, Dallas, Texas 75201. This notice is published and the hearing is to be held to satisfy the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended.
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