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Active 126602584 2 TEFRA Notice, Thales Academy NOTICE OF PUBLIC HEARING FOR THALES ACADEMY WITH RESPECT TO NOT TO EXCEED $40,000,000 OF PUBLIC FINANCE AUTHORITY EDUCATIONAL FACILITIES REVENUE BONDS (THALES ACADEMY PROJECT) SERIES 2020A-G FOR THE BENEFIT OF THALES ACADEMY OR AN AFFILIATE THEREOF Notice is hereby given that on February 18, 2020, a public hearing as required by Section 147(f) of the Internal Revenue Code of 1986, as amended (the “Code”), will be held by the Board of Commissioners of the Town of Wake Forest, North Carolina (the “Board of Commissioners”) with respect to the proposed issuance by the Public Finance Authority (the “Authority”) of its Educational Facilities Revenue Bonds (Thales Academy Project), Series 2020A-G, in one or more series (the “2020 Bonds”), in an amount not to exceed $40,000,000. The hearing will commence at 7:00 p.m. or as soon thereafter as the matter can be heard, and will be held at the at Town Hall Board Room located at 301 S. Brooks Street, Wake Forest, North Carolina 27587-2932. The 2020 Bonds are expected to be issued pursuant to Section 66.0304 of the Wisconsin Statutes, as amended, by the Authority, a commission organized under and pursuant to the provisions of Sections 66.0301, 66.0303 and 66.0304 of the Wisconsin Statutes, as amended, and the proceeds from the sale of the 2020 Bonds will be loaned to Thales Academy, a North Carolina nonprofit corporation (the “Borrower”). A portion of the 2020 Bonds in the amount of approximately $6,742,000 will be used by the Borrower to refinance the outstanding amount of the $10,500,000 North Carolina Capital Facilities Finance Agency Educational Facilities Revenue Bond (Thales Academy Project) Series 2010 (the “2010 Bond”), the proceeds of which were used to finance or refinance (i) the acquisition, construction and equipping of a K-8 campus located at 177 Ambergate Station, Apex, North Carolina, (ii) the acquisition, construction and equipping of a K-8 campus located at 3106 Heritage Trade Drive in Wake Forest, North Carolina; and (iii) the acquisition, construction and equipping of an elementary school campus located at 8151 Town Drive, Raleigh, North Carolina, (collectively, the “Projects”). The Projects will be owned and operated by the Borrower or an affiliated or related entity. The public hearing will provide an opportunity for all interested persons to express their views, both orally and in writing, on the proposed issuance of the 2020 Bonds and the refinancing of the Projects. Any person interested in the issuance of the 2020 Bonds may appear and be heard or submit written comments. Any person wishing to submit written comments regarding the proposed issuance of the 2020 Bonds should do so prior to February 18, 2020 by mailing such written comments to the Board of Commissioners, c/o Town Clerk, 301 S. Brooks Street, Wake Forest, North Carolina 27587-2932. This notice is given pursuant to the provisions of Section 147(f) of the Code and Section 66.0304(11)(a) of the Wisconsin Statutes and Section 4 of the Amended and Restated Joint Exercise of Powers Agreement Relating to the Authority. Additional information concerning the Project may be obtained from Mary Nash Rusher, Esq., 501 Fayetteville Street, Suite 500, Raleigh, NC 27601; Phone (919) 755-6694; Email Address: [email protected]. /s/ Deeda Harris Town Clerk of the Town of Wake Forest, North Carolina For Publication no later than Friday, February 7, 2020.
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