fl-31250798: NOTICE OF TELEPHONIC PUBLIC HEARING The Capital Trust Authority (the "CTA") has been requested by San Jose Schools Growth Fund, LLC, a...

31250798 - Florida Administrative Rules, Law, Code, Register - FAC, FAR, eRulemaking Home About Us Contact Us Help Florida Department of State and Division of Library and Information Services Home Advanced Search MyFLRules Rules Open for Comments Notice: 31250798 Notice of Meeting, Hearing, or Workshop Division: Bryant Miller Olive Overview   The Capital Trust Authority announces a hearing to which all persons are invited. DATE AND TIME: Thursday, August 27, 2026 at 2:00 P.M. CST/3:00 P.M. EST PLACE: Telephonic public hearing using the instructions provided herein. Subject: NOTICE OF TELEPHONIC PUBLIC HEARING The Capital Trust Authority (the "CTA") has been requested by San Jose Schools Growth Fund, LLC, a Florida limited liability company (the "Borrower"), the sole member of which is Bold City Education, Inc., a Florida nonprofit corporation f/k/a River City Education Organization, Inc. (the "Sole Member") and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), and/or one or more related and/or affiliated entities, to issue its Educational Facilities Revenue and Revenue Refunding Bonds, in one or more series of tax-exempt qualified 501(c)(3) bonds or taxable bonds, in an aggregate principal amount not to exceed $55,000,000 (the "Bonds"). For the purposes of Section 147(f) of the Code, notice is hereby given that, in accordance with the Internal Revenue Service Revenue Procedure 2022-20, a telephonic public hearing will be held by a hearing officer on behalf of the CTA on Thursday, August 27, 2026 at 2:00 P.M. CST/3:00 P.M. EST, or as soon thereafter as the matter may be heard, using the telephone conference instructions provided herein. The purpose of the hearing is to take public comments regarding the issuance of the Bonds by the CTA, the nature and location of the Project (hereinafter defined) and the plan of finance. The proceeds of the Bonds will be loaned to the Borrower by the CTA for the purpose of financing or refinancing, including through reimbursement, (i) the refunding of the (a) Florida Development Finance Corporation Educational Facilities Revenue Refunding Bonds (San Jose Schools Project), Series 2021A, (b) Florida Development Finance Corporation Educational Facilities Revenue Bonds (San Jose Schools Project), Series 2021B, (c) Florida Development Finance Corporation Educational Facilities Revenue Bonds (San Jose Schools Project), Series 2021C, and (d) Florida Development Finance Corporation Taxable Educational Facilities Revenue Bonds (San Jose Schools Project), Series 2021D, the proceeds of which were applied for the primary purpose of financing certain educational facilities, as more fully described below (collectively, the "Refinanced Facilities"); (ii) funding of a debt service reserve fund for the Bonds, if deemed necessary or desirable; (iii) funding of certain working capital and other reserves, if deemed necessary or desirable; (iv) funding of capitalized interest for the Bonds, if deemed necessary or desirable; and (v) payment of certain costs of issuing the Bonds (collectively, the "Project"). The Refinanced Facilities consist primarily of the following educational facilities and real property: (a) 4072 Sunbeam Road Jacksonville, Florida (b) 4040 Sunbeam Road 9515 Melvina Road (Secondary Address) Jacksonville, Florida (c) 13520 FSCJ Cecil Drive Jacksonville, Florida The Refinanced Facilities are or were previously owned and operated by the Borrower for the use of the Borrower's and the Sole Member’s various educational programs. The plan of finance contemplates that the CTA will issue, in respect to the Project, not exceeding $55,000,000 in aggregate principal amount, its Bonds, and loan the proceeds of the Bonds to the Borrower to provide funds for the Project. The Bonds, when issued, will be special, limited obligations payable solely out of the revenues, income and receipts pledged to the payment thereof and derived from financing agreements with the Borrower, and none of the CTA, Duval County, Florida (the "County"), the School Board of Duval County, Florida (the "School Board"), or the State of Florida (the "State") will be obligated to pay the principal of, premium, if any, or interest on the Bonds except from the payments of the Borrower. The Bonds and the interest thereon shall never (i) pledge the taxing power of the County, the School Board, the State or any other political subdivision, public agency or municipality thereof within the meaning of any constitutional or statutory provision, (ii) constitute the debt or indebtedness of the CTA, the County, the School Board, the State or any other political subdivision, public agency or municipality thereof within the meaning of any constitutional or statutory provision, or (iii) pledge the full faith and credit of the CTA, the County, the School Board, the State or any political subdivision, public agency or municipality thereof. CTA has no taxing power. Issuance of the Bonds is subject to several conditions including satisfactory documentation and receipt of necessary approvals for the financing. INTERESTED PERSONS ARE ENCOURAGED TO ATTEND BY TELEPHONE CONFERENCE USING THE INSTRUCTIONS BELOW. PRIOR TO SAID TELEPHONIC PUBLIC HEARING, WRITTEN COMMENTS MAY BE DELIVERED TO THE CTA AT 315 FAIRPOINT DRIVE, GULF BREEZE, FLORIDA 32561, ATTENTION EXECUTIVE DIRECTOR. TELEPHONE CONFERENCE INSTRUCTIONS: TOLL FREE DIAL IN NUMBER: 1 (888) 667-1808 At the date and time fixed for said telephonic public hearing all who appear by telephone conference will be given an opportunity to express their views for or against the Project, the plan of finance and the proposed approval of the issuance of the Bonds. Comments made at the public hearing are for the consideration of the parties providing an approval of the issuance of the Bonds and the plan of finance but will not bind the CTA or such parties as to any action the CTA or such parties may take. All persons are advised that, if they decide to appeal any decision made with respect to the proposed approval of the issuance of the Bonds, they will need a record of the proceedings, and for such purpose, they may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. All interested persons are invited to present their comments on the date and time set forth above. IN ACCORDANCE WITH THE AMERICANS WITH DISABILITIES ACT OF 1990, AS AMENDED, ALL PERSONS WHO ARE DISABLED AND WHO NEED SPECIAL ACCOMMODATIONS TO PARTICIPATE IN THIS TELEPHONIC PUBLIC HEARING BECAUSE OF THAT DISABILITY SHOULD CONTACT THE HEARING OFFICER AT (850) 934-4046 AT LEAST 48 HOURS IN ADVANCE OF THE PUBLIC HEARING, EXCLUDING SATURDAY AND SUNDAY.   A copy of the agenda may be obtained by contacting: CONTACT THE HEARING OFFICER AT (850) 934-4046. PRINT PUBLISH DATE: 8/17/2026   Vol. 52/159 REFERENCE MATERIALS: No reference(s). Home Advanced Search MyFLRules Rules Open for Comments About Us Contact Us Help  Privacy Policies Accessibility Statement Copyright @ 2010 State of Florida Department of State Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.