Notice of Public Hearing
Pursuant to 10 MRSA §1043 and 26 USCA §147(f), the Finance Authority of Maine (the “Authority”) will hold a public hearing at the offices of Pierce Atwood LLP, 254 Commercial Street Portland, Maine, on July 14, 2020 at 11:00 a.m. on an application from Cheverus High School for a Certificate of Approval for issuance of Revenue Obligation Securities to finance the Project described below.
BOND ISSUER: Finance Authority of Maine
INITIAL OWNER /USER OF PROJECT: CHEVERUS HIGH SCHOOL
PROJECT LOCATION: 267 Ocean Avenue, Portland, Maine
DESCRIPTION OF PROJECT: Refinance of prior bonds issued to finance and refinance gymnasium, kitchen, locker rooms, running track, a new boiler, room, science lab and classrooms, together with costs of issuance and a swap termination fee.
MAXIMUM AMOUNT OF REVENUE OBLIGATION SECURITIES TO BE ISSUED BY THE AUTHORITY TO PROVIDE FINANCING FOR THE PROJECT: $3,312,750
Prior to issuing a Certificate of Approval, the Authority must make certain findings, including a finding that the Project will not result in substantial detriment to existing industry. Any person or competitor may attend the hearing, and will have an opportunity to make a brief statement regarding the Project or the financing. Comments are specifically requested on those criteria set forth in 10 MRSA §1043(2), including public benefit and whether the Project could result in a substantial detriment to existing business. Anyone planning to attend the hearing or to make a statement at the hearing is requested to notify the Authority and to send a written summary of the proposed comments no later than July 10, 2020, to:
Finance Authority of Maine
Chris Roney, Esq.
P.O. Box 949
5 Community Drive
Augusta, Maine 04332-0949
The hearing may be continued to a subsequent date and time without further notice other than to those who have entered objections or requests for notification of the hearing.