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 9:15 a.m. CT via teleconference at Dial-In: 1.800.719.6100, Access Code: 8503021#. Among items to be discussed will be a proposal for issuance by the Issuer of its Education Revenue Bonds (the "Bonds"), which Bonds will be issued pursuant to a plan of finance in one or more series in an aggregate principal amount not to exceed $31,600,000. The proceeds of the Bonds will be loaned to 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"), for financing or refinancing the costs of acquiring, improving, constructing, equipping and renovating certain properties and facilities to be used for educational, administrative, athletic, science and classroom purposes, to fund capitalized interest, to fund a debt service reserve fund, and to pay costs of issuing the Bonds, at the following locations and for the respective maximum principal amounts: (i) $1,300,000 for Great Hearts Monte Vista North, located at 319 East Mulberry Avenue, San Antonio, Texas 78212, (ii) $800,000 for Great Hearts Monte Vista South, located at 211 Belknap Place, San Antonio, Texas 78212, (iii) $13,000,000 for Great Hearts Prairie View, located at 9001 NW Hwy 287, Ft. Worth, Texas 76131, and (iv) $16,500,000 for Great Hearts Invictus, located at 12018 Bandera Road, Helotes, Texas 78023 (collectively, 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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