PUBLIC MEETING NOTICE
Philadelphia Authority for Industrial Development (the "Authority") will hold a public hearing on May 19, 2015, at 10:00 AM prevailing time, at the offices of Philadelphia Industrial Development Corporation located at 1500 Market Street, 2600 Centre Square West, Philadelphia, Pennsylvania 19102, to discuss the issuance of tax exempt bonds (the "Bonds") for the following project (the "Project"):
A. Owner: The University of the Arts (the "University"), a Pennsylvania nonprofit corporation exempt from Federal Income taxation under Section 501(c)(3) of the Internal Revenue Code of 1986, as amended.
B. Maximum Amount of Bonds: $8,000,000.
C. Description of Project: The refunding of a bank loan, the proceeds of which were used to refund certain tax-exempt bonds, which bonds were used to finance the cost of renovation and various capital improvements to the University's educational facilities located in Philadelphia, Pennsylvania at the addresses set forth below, and payment of bond issuance expenses and related costs and expenses.
D. Location of Project: The renovation and capital improvements to the University facilities referred to herein are located on property owned by the University at the following addresses located in Philadelphia, Pennsylvania: 201-211 S. Broad Street; 401 South Broad Street; 601 South Broad Street, 1500 Pine Street, 1228 Spruce Street, 307-311 South Juniper Street and 1499 Pine Street; 333 South Broad Street; 320 South Broad Street; 313-317 South Broad Street and 250 South Broad Street.
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 therefor. If you need an accommodation due to a disability and want to attend this meeting, please call 215-496-8020 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 Issuer of the bonds as required by the Internal Revenue Code of 1986, as amended, and regulations promulgated thereunder.
Ref# 0003213053-01
↧