NOTICE OF PUBLIC HEARING
City of San Antonio, Texas Education Facilities Corporation
Higher Education Revenue Refunding and Improvement Bonds
(Trinity University), Series 2020
Notice is hereby given of a public hearing as required by Section 147(f) of the Internal Revenue Act of 1986, as amended (the “Code”) to be held on behalf of City of San Antonio, Texas Education Facilities Corporation (the “Corporation”) and Trinity University, a Texas nonprofit corporation located generally at One Trinity Place, San Antonio, Texas, (the “Borrower”) on June 17, 2020 at 11:00 a.m., in the front lobby of Northrup Hall, One Trinity Place, San Antonio, Texas 78212, with respect to the captioned bonds (a portion of which may be issued as qualified 501(c)(3) bonds under Section 145 of the Code) to be issued by the Corporation in one or more series and in an aggregate principal amount not to exceed $125,000,000 (the "Bonds").
The proceeds of the Bonds will be loaned to the University for the purpose of (i) paying costs of issuance; (ii) refinancing educational and housing facilities financed or refinanced with bonds issued in 2011 and 2014 by the Corporation for the University (i.e., construction of Northrop Hall (Administration Building), renovation of McFarlane Residence Hall Complex, repairs and improvements to Thomas Residence Hall, new boiler room and elevator for East Residence Hall Complex, security doors for upper campus buildings, construction of Verna McLean Residence Hall, renovation of Richardson Communication Center, renovation of Thomas and Lightner Residences Halls, renovation of Herndon and Herff-Beze Residences, Moody Engineering renovation, Prassel Residence Hall and Garage, Organic Laboratory, Coates University Center Renovation, South Campus land acquisition, and constructing and equipping certain science facilities, generally known as the Center for Science and Innovation (CSI) complex; and (iii) financing the renovation of two existing academic buildings (Chapman and Halsell) and construct a new 45,000 square foot academic building that will tie the three buildings together.
The Bonds will be limited obligations of the Issuer payable solely from the "Loan Payments" to be made by the University in accordance with a Third Amended and Restated Loan Agreement between the Issuer and the University. The Bonds are not an obligation of, and are not payable out revenues derived from taxes levied by, the State of Texas, the City, or any other political subdivision of the State of Texas.
The public hearing will be conducted in a manner that provides a reasonable opportunity for interested individuals with differing views on both the issuance of the Bonds and the financing and refinancing of the projects described above to be heard and to present their oral and written comments, and will be conducted by Adam Harden, or his designee (the “Hearing Officer”).
Questions or requests for additional information may be directed to the Hearing Officer (telephone: 512-305-4820). Any interested persons unable to attend the hearing may submit their views in writing to the Hearing Officer prior to the date scheduled for the hearing at fax number 512-305-4800 with an attention to Adam Harden. This notice is published and the hearing is to be held in satisfaction of the requirements of Section 147(f) of the Code.