AG 2013 06 17 - Laserfiche WebLink

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RESOLUTION APPROVING THE ISSUANCE OF BONDS NOT TO EXCEED $12,950,000 OF THE PUBLIC FINANCE AUTHORITY EDUCATION REVENUE BONDS (CAROLINA INTERNATIONAL SCHOOL), SERIES 2013A WHEREAS , at 6:30 P.M., the Chairman announced that the Board of Commissioners (the “Board”) would proceed to hold a public hearing and would hear anyone who wished to be heard on the proposed issuance by the Public Finance Authority (the “Authority”), a unit of government and a body corporate and politic of the State of Wisconsin, of not exceeding $12,950,000 of its Education Revenue Bonds (Carolina International School), Series 2013A (the “Bonds”); WHEREAS , the Authority will loan the proceeds of the Bonds to Carolina International School, a North Carolina nonprofit corporation (the “Borrower”) and the Borrower will use the proceeds of the loan from the Authority for the purpose of financing and refinancing the costs of acquiring, constructing, equipping, improving and operating, as applicable, land and buildings used or to be used by the Corporation as school facilities to be located at 9501 Poplar Tent Road, Concord, North Carolina (the “Project”); WHEREAS, pursuant to Section 66.0304(11)(a) of the Wisconsin Statutes, prior to their issuance, bonds issued by the Authority must be approved by the governing body or highest ranking executive or administrator of the political jurisdiction within whose boundaries the project is located (the “Project Jurisdiction”); WHEREAS , the Borrower has requested that the Board approve the financing of the Project and the issuance of the Bonds in order to satisfy the public approval requirement of Section 147(f) of the Code and the requirements of Section 4 of the Amended and Restated Joint Exercise of Powers Agreement Relating to the Public Finance Authority, dated as of September 28, 2010 (the “Joint Exercise Agreement”) and Section 66.0304(11)(a) of the Wisconsin Statutes; WHEREAS , on May 29, 2013, a notice of public hearing was published in The Independent Tribune, setting forth a general, functional description of the type and use of the facilities to be financed and refinanced, the maximum principal amount of the Bonds, the initial owner, operator or manager of the facilities and the location of the facilities, among other things; WHEREAS , the names, address and testimony of the persons who were present and who offered comments on the proposed issuance of the Bonds or who responded in writing to the notice of public hearing are as follows: None WHEREAS , the Chairman of the Board inquired elsewhere in and around the meeting room to determine whether there were any other persons who wished to speak at the public hearing and the Chairman of the Board determined that no other persons who wished to speak at the public hearing were found; and G-1Page 145