← Back

C-number: C-18-14-008-M

C-number: C-18-14-008-M-00
Item: #65
Revision: 00
Item Text
65. RESOLUTION APPROVING PUBLIC FINANCE AUTHORITY, WISCONSIN CHARTER SCHOOL REVENUE BONDS (VERTEX NON-PROFIT ORGANIZATION PROJECT) Resolution approving, solely for purposes of satisfying the public approval requirement of Section 147(f) of the Internal Revenue Code of 1986, as amended, the issuance by Public Finance Authority, Wisconsin of not to exceed $39,261,000 of its Charter School Revenue Bonds at the request of Vertex Non-Profit Organization for facilities located in the Town of Gilbert, Arizona. The Public Finance Authority, Wisconsin proposes to issue its Charter School Revenue Bonds at the request of Vertex Non-Profit Organization, a Utah not-for-profit corporation in a principal amount not to exceed $39,261,000 and to loan the proceeds from the sale of the Bonds to Vertex; for the purpose of financing the acquisition, construction, reconstruction, renovation, equipping and/or any other capital expenditures and related expenses, as applicable of charter school educational facilities. One such charter school facility being the Classics and Four Arts Academy located at the southeast corner of the intersection of Recker Road and Warner Road, Gilbert, Maricopa County, Arizona (Maricopa County Project). Maricopa County is a governmental unit having jurisdiction over the area in which the Maricopa County Project will be located and Maricopa County is a governmental unit which must approve the issuance of the Bonds for the purpose of satisfying the requirements of Section 147(f) of the Internal Revenue Code. The Bonds will be special limited obligations of the Authority and will not be a debt, obligation or liability of Maricopa County. (C-18-14-008-M-00)
Attachments (1)

1 item(s) sharing C-number base C-18-14-008-M