PUBLIC MEETING NOTICE
NOTICE IS HEREBY GIVEN of the public hearing to be held by the Narberth Borough Industrial Development Authority (the "Authority") at 9:00 a.m., March, 21, 2014, at the office of the Narberth Borough Industrial Development Authority, 100 Conway Avenue, Narberth, PA 19072. The purpose of the public hearing is to provide reasonable opportunity for interested individuals to express their views regarding the following:
Applicant: HOPE for Kids, Inc. (a Pennsylvania corporation exempt from tax under §501(c)(3) of the Internal Revenue Code of 1986, as amended) (the "Company").
Estimated Maximum Amount
of Tax-Exempt/Taxable
Financing: Issuance of tax-exempt bonds not anticipated to exceed $3,600,000 (the "Bonds").
Description of Project: The Project shall consist of: (i) the acquisition of certain real estate located at 129 Yerger Road, Schwenksville, PA 19473, in Lower Frederick, Montgomery County, which is used as a camp for underprivileged youth to foster environmental, character, health and leadership training; (ii) miscellaneous capital expenditures; (iii) paying the costs of any loan fees or guaranty fees; and (iv) paying the costs of issuance of the Bonds; provided, however, that the Chairman, Vice Chairman, or Treasurer of the Authority, at the request of the Company, shall have the power to add, delete or substitute for any component of the Project but only to the extent permitted by the Pennsylvania Economic Development Financing Law, as amended, and, if applicable, the Federal income tax laws from time to time in effect.
Location of Project: The Project will be located at 129 Yerger Road, Schwenksville, PA 19473
Initial Owner of the Project: The Company.
At the public hearing, any and all persons in attendance will be afforded an opportunity to comment on the proposed project and the issuance by the Authority of its obligations therefore. If you need an accommodation due to a disability and want to attend the meeting, please call 610.664.2840 at least 24 hours in advance so arrangements can be made.
This notice is published, and the public hearing is being held by and on behalf of the Authority as the issuer of the tax-exempt obligations as required by the Internal Revenue Code of 1986, as amended, and regulations promulgated thereunder.
Narberth Borough
Industrial Development Authority
Mitchell R. Tabas, Chairman
Ref# 0003133316-01
↧