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NOTICE OF PUBLIC HEARING REGARDING TAX-EXEMPT BONDS TO BE ISSUED ON
<br />BEHALF OF CAROLINA INTERNATIONAL SCHOOL
<br />NOTICE IS HEREBY GIVEN that on Monday, August 20, 2018, at 6:30 p.m, or as soon
<br />thereafter as may be heard, a public hearing as required by Section 147(f) of the Internal Revenue
<br />Code of 1986 will be held by the Cabarrus County Board of Commissioners in the Commissioners
<br />Meeting Room of the Cabarrus County Government Center located at 65 Church Street, S,
<br />Concord, North Carolina 28026, with respect to the proposed issuance by the Public Finance
<br />Authority, a commission organized under and pursuant to the provisions of Sections 66.0301,
<br />66.0303 and 66.0304 of the Wisconsin Statutes (the "Authority"), of its Education Revenue Bonds
<br />(Carolina International School), Series 2018A, in the maximum aggregate principal amount of
<br />$2,600,000 (the "Bonds").
<br />The Bonds are expected to be issued pursuant to Section 66.0304 of the Wisconsin Statutes,
<br />as amended, by the Authority and the proceeds of the Bonds will be loaned to Carolina
<br />International School, a North Carolina nonprofit corporation, (the `Borrower") and used to (1)
<br />finance and refinance the costs of acquiring, constructing, equipping, improving and operating, as
<br />applicable, land and buildings used or to be used by the Corporation as school facilities to be
<br />located at 9545 Poplar Tent Road, Concord, North Carolina (the "Project"), (2) finance the cost of
<br />interest during the construction of the Project, (3) finance the cost of a debt service reserve fund
<br />and (4) pay certain expenses incurred in connection with the issuance of the Bonds by the
<br />Authority.
<br />The Project will be initially owned and operated by the Borrower.
<br />The Bonds will be limited obligations of the Authority payable solely from the loan
<br />repayments to be made by the Borrower to the Authority, and certain funds established by the
<br />indenture for the Bonds. The principal of, premium, if any, and interest on the Bonds will not
<br />constitute an indebtedness or liability of the County of Cabarrus, the State of North Carolina, or
<br />any political subdivision of the State of North Carolina, or a charge against their general credit or
<br />any taxing powers.
<br />At the time and place set for the public hearing, interested persons will be given the
<br />opportunity to express their views, both orally and in writing, on the proposed issue of Bonds, and
<br />the location and nature of the proposed project to be financed. Written comments may also be
<br />submitted to Richard M. Koch, Esq., Law Offices of Richard M. Koch, PA, 3220-201 Prosperity
<br />Church Road, Charlotte, North Carolina 28269 for receipt prior to the time and date of such
<br />hearing.
<br />The Board of Commissioners does not discriminate upon the basis of any individual's
<br />disability status. This non-discrimination policy involves every aspect of the Board of
<br />Commissioners' functions, including one's access to and participation in public hearings. Anyone
<br />requiring reasonable accommodation for this meeting and/or if this information is needed in an
<br />alternative format because of a disability as provided for in the Americans with Disabilities Act
<br />should contact the Clerk to the Board of Commissioners by phone at (704) 920-2109, or by fax at
<br />(704) 920-2820, or by e-mail at lelinker@cabarruscounty.us. We request at least 72 hours' notice
<br />prior to the meeting to make the appropriate arrangements.
<br />This Notice is dated August 7, 2018
<br />THE COUNTY OF CABARRUS, NORTH CAROLINA
<br />Attachment number 4 \n
<br />GA Page 191
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