Board of Commissioners Meeting June 17

The Calhoun County Board of Commissioners will meet at 7 p.m., Thursday, June 17, 2021 via Zoom video conference. The Board of Commissioners will meet electronically as a result of the COVID-19 pandemic.

To watch the meeting, visit our Youtube Channel. Information about where to call for public comment will be provided during the Youtube stream and will be shared below. If you'd like to submit a written comment to be added to the record for this meeting, submit that via the Contact Us form on the website and please state that your message is for the June 17 Board of Commissioners meeting.


NOTICE OF PUBLIC HEARING
Click here for a PDF of this public notice

Notice is hereby given that the COUNTY OF CALHOUN, MICHIGAN, will hold a public hearing on June 17, 2021 at 7:00 pm local time, via Zoom teleconference open to all members of the public by dialing the toll free number 1 (888) 857-7121 and when prompted, enter the passcode: 215 864 8513; in connection with the proposed issuance by The Industrial Development Authority of the County of La Paz (the “Authority”) of qualified 501(c)(3) bonds (the “Bonds”) as defined in section 145 of the Internal Revenue Code of 1986, as amended (the “Code”) in one or more series pursuant to a plan of finance. The hearing is being held pursuant to section 147(f) of the Code.

The Bonds will be issued for the project described below in an aggregate principal amount not to exceed $14,500,000.

Proceeds of the sale of the Bond which will be issued as qualified 501(c)(3) bonds will be loaned by the Authority to Campus Partners 1 and its affiliates, all single member limited liability companies and disregarded entities of Campus Partners 1 (collectively, the “Borrower”) to be used to finance or reimburse all or a portion of the costs of a project that consists of (1) the acquisition and improvement of a public charter school facility (the “Charter School Facility”) identified below for use in its school operations at the locations and in the estimated maximum principal amounts listed below; (2) the funding of any required reserves; and (3) the payment of the costs of issuance of the Bonds. The Borrower will lease the Charter School Facility to qualified 501(c)(3) entities or governmental entities.  The Charter School Facility will be owned by the Borrower as the initial legal owner.

Charter School Facility Location Maximum Amount in location
Endeavor Charter Academy 380 N. Helmer Road, Springfield, MI 49037-7776

$14,500,000


All members of the public may attend by telephone by dialing the toll-free number 1 (888) 857-7121 and when prompted, enter the passcode: 215 864 8513.

Written public comments may be e-mailed to the Calhoun County Board of Commissioners at jdyer@calhouncountymi.gov or send a message on our Contact Us Form.

This notice is published in accordance with, the public notice requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended, and regulations promulgated thereunder.

DEBT FINANCINGS OF THE AUTHORITY ARE NOT OBLIGATIONS OF THE COUNTY OF CALHOUN, THE STATE OF MICHIGAN, OR ANY POLITICAL SUBDIVISION THEREOF.

COUNTY OF CALHOUN, MICHIGAN