fl-31396686: NOTICE OF TELEPHONIC PUBLIC HEARING For the purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"),...

31396686 - 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: 31396686 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 30, 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 30, 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 certain health care facilities (including via a purchase of all of the membership interests in the limited liability companies that own such facilities) in the maximum aggregate principal amount of $500,000,000 (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 District Human Services FL CA, LLC, a Delaware limited liability company, and/or one or more related and/or affiliated entities (collectively, the "Borrower"), whose sole member is 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 the 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, improvement and equipping of certain health care facilities (including via a purchase of all of the membership interests in the limited liability companies that own such facilities), as more fully described below (collectively, the "Facilities"); (ii) the funding of a debt service reserve fund for the Bonds, if deemed necessary or desirable; (iii) the funding of one or more additional reserve and/or liquidity funds for the Bonds, if deemed necessary or desirable; (iv) the funding of capitalized interest, if deemed necessary or desirable; (v) the funding of working capital for the Bonds, 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 the Borrower, 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. $250,000,000 maximum stated principal amount of the Bonds to be spent at Renaissance Recovery Florida, an approximately 6,037 square foot, clinical services treatment center, located at 323-327 W Lantana Rd., Lantana, Palm Beach County, Florida 33462, including related facilities, fixtures, furnishings and equipment; B. $42,000,000 maximum stated principal amount of the Bonds to be spent at Renaissance Recovery Florida, an approximately 2,889 square foot office, located at 190 Congress Park Dr., Suite 100, Delray Beach, Palm Beach County, Florida 33445, including related facilities, fixtures, furnishings and equipment; C. $93,500,000 maximum stated principal amount of the Bonds to be spent at Renaissance Recovery Florida, an approximately 6,468 square foot, 32-bed sober living facility, located at 3150 Prince Dr., Lake Worth Beach, Palm Beach County, Florida 33461, including related facilities, fixtures, furnishings and equipment; D. $44,500,000 maximum stated principal amount of the Bonds to be spent at Renaissance Recovery Florida, an approximately 3,078 square foot, 16-bed sober living facility, located at 4913 Paetzold Dr., Lake Worth Beach, Palm Beach County, Florida 33461, including related facilities, fixtures, furnishings and equipment; and E. $70,000,000 maximum stated principal amount of the Bonds to be spent at Renaissance Recovery Florida, an approximately 7,545 square foot, 31-bed sober living facility, located at 410 Lake Osborne Dr., Lake Worth Beach, Palm Beach County, Florida 33461, including related facilities, fixtures, furnishings and equipment. However, in no event will the maximum aggregate principal amount of the Bonds exceed $500,000,000. 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, Palm Beach County, Florida (the "County"), 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 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 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 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: 9/23/2026   Vol. 52/185 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.