PUBLIC MEETING NOTICE
The Philadelphia Authority for Industrial Development (the "Authority") will hold a public hearing on March 25, 2014 at 10:00 a.m., in the offices of the Philadelphia Industrial Development Corporation, located at 2600 Centre Square West, 1500 Market Street, Philadelphia, Pennsylvania 19102, to discuss the issuance of tax-exempt revenue bonds (the "Bonds") for the following project (the "Project"):
A. Initial Owner: Fortier II, LLC, a Pennsylvania limited liability company, the sole member of which is Fortier Corporation, a Pennsylvania non-profit corporation
B. Maximum Amount of Bonds: $36,000,000
C. Description of the Project to be Financed: (i) the current refunding of the Pennsylvania Higher Educational Facilities Authority's Fortier II, LLC Revenue Bonds, Series 2003A, the proceeds of which were applied to finance (A) the prepayment of a ground lease of property located at 5200-5230 and 5300-5330 City Avenue, Philadelphia, Pennsylvania, from Saint Joseph's University (the "Project Site"), and (B) construction and equipping of two student residence halls and associated grade level parking at the Project Site; and (ii) the payment of certain costs of issuing the Bonds
D. Location of Project: 5200-5230 and 5300-5330 City Avenue, Philadelphia, Pennsylvania
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 Bonds therefore.
This notice is published, and the public hearing is being held by and on behalf of the Authority as the issuer of the Bonds, as required by Section 147(f) of the Internal Revenue Code of 1986, as amended, and regulations promulgated thereunder.
PHILADELPHIA AUTHORITY FOR
INDUSTRIAL DEVELOPMENT
Ref# 0003134446-01
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