fl-31364870: NOTICE OF TELEPHONIC PUBLIC HEARING For the purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"),...

31364870 - 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: 31364870 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: Wednesday, September 23, 2026, at 11:00 A.M. CST/12:00 P.M. EST PLACE: A TELEPHONIC PUBLIC HEARING, USING THE INSTRUCTIONS PROVIDED HEREIN. Subject: NOTICE OF TELEPHONIC PUBLIC HEARING For the purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended (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 Capital Trust Authority (the "CTA") on Wednesday, September 23, 2026, at 11:00 A.M. CST/12:00 P.M. EST, or as soon thereafter as the matter may be heard, using the telephone conference instructions provided herein. The public hearing is being held with respect to the proposed issuance by the CTA of revenue bonds, pursuant to a plan of finance, in one or more series of tax-exempt qualified 501(c)(3) bonds for various substance use disorder and behavioral health treatment facilities and sober living facilities and working capital in the maximum aggregate principal amount of $210,000,000 (collectively, the "Bonds"). 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 MUNIficent USR, LLC, a Delaware limited liability company, USR Holdings, LLC, a Florida limited liability company, Amber Behavioral Health, LLC, a Florida limited liability company, Ignite Recovery Center, LLC, a Florida limited liability company, Ignite Sober Living, LLC, a Florida limited liability company, Ignite Living, LLC, a Florida limited liability company, Onyx Behavioral Health, LLC, a Florida limited liability company, and Amethyst Recovery Center, LLC, a Florida limited liability company (each, a "LLC" and collectively, the "Borrower"), each of which is or will be a single member limited liability company that is disregarded as an entity separate from its sole direct or indirect member, which is or will be MUNIficent Foundation (together with its successors, the "Parent"), a Delaware charitable nonstock corporation and an organization exempt from federal income tax under Section 501(a) of Code, as an organization described in Section 501(c)(3) of the Code, by the CTA for the purpose of financing or refinancing, including through reimbursement, (i) the acquisition, construction, expansion, rehabilitation, renovation, improvement and equipping of various substance use disorder and behavioral health treatment facilities and sober living facilities located within the State of Florida (collectively, the "Facilities") via the acquisition of the membership interests in the entities that own such assets and/or through the acquisition of such assets directly from one or more sellers; (ii) the funding of one or more debt service reserve funds, if deemed necessary or desirable; (iii) the funding of certain liquidity and other reserve funds, if deemed necessary or desirable; (iv) the funding of capitalized interest, if deemed necessary or desirable; (v) the funding of working capital expenditures, if deemed necessary or desirable; and (vi) the payment of certain costs of issuing the Bonds (collectively, the "Project"). The Facilities will be owned and operated by the Parent, either directly or indirectly through one or more of the LLCs, and will be the true beneficial party of interest for the Facilities. The Facilities, as described above, consist of distinct facilities, which are operated as separate projects. The locations and the maximum stated principal amounts of each of the Facilities are: (A) $68,735,000 maximum state principal amount of the Bonds to be spent at Amethyst Recovery Center, an approximately 13,000 square foot, 40-bed inpatient detox/residential substance use disorder treatment facility, located at 2749 SW Port St. Lucie Blvd., Port St. Lucie, St. Lucie County, Florida 34953, including related facilities, fixtures, furnishings and equipment; (B) $67,335,000 maximum state principal amount of the Bonds to be spent at Onyx Behavioral Health, an approximately 10,300 square foot, 33-bed inpatient residential mental health treatment facility, located at 699 NW Airoso Blvd., Port St. Lucie, St. Lucie County, Florida 34983, including related facilities, fixtures, furnishings and equipment; (C) $63,175,000 maximum state principal amount of the Bonds to be spent at Amber Behavioral Health, an approximately 11,000 square foot, 32-bed inpatient residential mental health treatment facility, located at 5481 NW East Torino Pkwy., Port St. Lucie, St. Lucie County, Florida 34986, including related facilities, fixtures, furnishings and equipment; (D) $28,765,000 maximum state principal amount of the Bonds to be spent at Ignite Recovery Center, an approximately 6,903 square foot, outpatient mental health treatment facility, located at 4850 W Oakland Park Blvd., Suite 257, Lauderdale Lakes, Broward County, Florida 33313, including related facilities, fixtures, furnishings and equipment; (E) $12,000,000 maximum state principal amount of the Bonds to be spent at Ignite Sober Living – Fort Lauderdale, an approximately 6,000 square foot, 10-bed sober living facility, located at 1501-1503 Northeast 12th Street, Fort Lauderdale, Broward County, Florida 33304, including related facilities, fixtures, furnishings and equipment; and (F) $12,000,000 maximum state principal amount of the Bonds to be spent at Ignite Sober Living – Oakland Park, an approximately 7,340 square foot, 22-bed sober living facility, located at 1286 NE 30th Street, Oakland Park, Broward County, Florida 33334, including related facilities, fixtures, furnishings and equipment; however, in no event will the maximum aggregate principal amount of the Bonds exceed $210,000,000. 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, Broward County, Florida and St. Lucie County, Florida (collectively, the "Counties"), 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 Counties, 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 Counties, 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 Counties, 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: 9/16/2026   Vol. 52/180 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.