Public hearing for issuing bonds for Tampa Bay Christian Academy projects.
- Published
- Paper
- Tampa Bay Times
- Category
- Miscellaneous Notices
- City
- St. Petersburg
- Address
- 6815 N. Rome Ave., Tampa, Florida 33604
Full Notice Text
NOTICE OF 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 the Florida Local Government Finance Commission (the Issuer) will hold a public hearing on February 16, 2026, at 11:00 A.M., or as soon thereafter as practicable. In accordance with Internal Revenue Service Revenue Procedure 2022-20, this public hearing will be held by telephone conference. Interested persons are encouraged to attend the telephone conference using the following instructions:
TELEPHONE CONFERENCE INSTRUCTIONS:
TOLL-FREE DIAL IN NUMBER: 1 (877) 304-9269
PASSCODE: 359237#
The public hearing is being conducted for the purpose of receiving comments and hearing discussion concerning the proposed adoption by the Issuer of a resolution approving the issuance and sale by the Issuer of its Florida Local Government Finance Commission Educational Facilities Revenue Bonds (Tampa Bay Christian Academy Project) as part of a plan of financing in one or more tax-exempt and/or taxable series which may be issued on the same or different dates in a maximum aggregate face amount not to exceed $20,000,000 (the Bonds). The Bonds will be issued as qualified 501(c)(3) bonds as defined in Section 145 of the Code.
The proceeds of the Bonds, when and if issued, will be loaned to Tampa Bay Christian Academy of Florida, Inc. (the Borrower), a Florida not-for-profit corporation and organization described in Section 501(c)(3) of the Code, and/or its affiliates. The proceeds will be used by the Borrower for the purposes of: (a) financing and refinancing (including through reimbursement) all or a portion of the costs of various capital expenditures described below (the Project); (b) funding necessary reserves and capitalized interest related to the Bonds, if deemed necessary or desirable; and (c) paying certain costs of issuance associated with the Bonds.
The Project to be financed and refinanced with the proceeds of the Bonds includes the cost of acquiring, constructing, equipping, and/or improving the following educational facilities, including land and rights in land, for use in an integrated operation as a private school serving students in Pre-K2 through 12th grade and consisting of: (i) an existing private school campus located at 6815 N. Rome Ave. and 102 W. Sligh Ave., Tampa, Florida 33604; and (ii) a new private school campus located at 9309 N. Florida Ave., Tampa, Florida 33612.
The initial legal owner and principal user of the Project will be the Borrower (or an entity or entities affiliated with or designated thereby pursuant to one or more qualified use or management agreements).
The Bonds shall be payable solely from the revenues derived by the Borrower pursuant to a loan agreement, mortgage and security agreement and other financing documents entered into by and between the Issuer and the Borrower prior to or contemporaneously with the issuance of the Bonds. Such Bonds and the interest thereon shall not constitute an indebtedness or pledge of the general credit or taxing power, if any, of the Issuer, Brevard County, Charlotte County, Lee County, Osceola County, Sarasota County, St. Johns County, the State of Florida, or any political subdivision or agency thereof (including Hillsborough County, Florida). The Issuer has no taxing power.
Issuance of the Bonds shall be subject to several conditions including satisfactory documentation, the approval by bond counsel as to the tax-exempt status of the interest on all or a portion of the Bonds and receipt of necessary approvals for the financing. The aforementioned hearing shall be a public hearing and all persons in attendance will be given an opportunity to be heard and to express their views on the proposed issuance of the Bonds and the location and nature of the Project by accessing the telephone conference as indicated above. Written comments may also be submitted prior to the hearing to the Florida Local Government Finance Commission c/o Nabors Giblin & Nickerson, P.A. at 2502 N. Rocky Point Drive, Suite 1060, Tampa, Florida 33607, directed to Issuers Counsel or via email sent to the following email address: rharb@ngn-tampa.com. Comments made at the hearing are for the consideration of the party(ies) providing an approval of the Bonds but will not bind the Issuer or such party(ies) as to any action it may take.
ALL PERSONS FOR OR AGAINST SAID APPROVAL CAN BE HEARD AT SAID TIME AND PLACE. IF A PERSON DECIDES TO APPEAL ANY DECISION MADE BY THE ISSUER WITH RESPECT TO SUCH HEARING OR MEETING, (S)HE WILL NEED TO ENSURE THAT A VERBATIM RECORD OF SUCH HEARING OR MEETING IS MADE (AT THEIR SOLE COST AND EXPENSE), WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS BASED.
Pursuant to the provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in the meeting is requested to advise the Issuer at least twenty-four (24) hours prior to the meeting by contacting counsel to the Issuer at (813) 281-2222 or via email sent to the following email address: rharb@ngn-tampa.com.
By order of the Florida Local Government Finance Commission.
FLORIDA LOCAL GOVERNMENT
FINANCE COMMISSION
/s/ Nicole Jovanovski
Chair
February 08, 2026 76086
Frequently Asked Questions
- What is the purpose of the public hearing on February 16, 2026?
- The public hearing is to receive comments regarding the proposed adoption of a resolution for the issuance and sale of Educational Facilities Revenue Bonds for the Tampa Bay Christian Academy Project.
- How can I participate in the public hearing?
- You can participate by calling the toll-free number 1 (877) 304-9269 and entering the passcode 359237# at the scheduled time.
- What is the maximum amount for the bonds being issued?
- The maximum aggregate face amount for the bonds is not to exceed $20,000,000.
- Where will the funds from the bonds be used?
- The funds will be used for financing and refinancing capital expenditures related to educational facilities for Tampa Bay Christian Academy.
- What are the locations of the educational facilities involved in the project?
- The project includes an existing campus at 6815 N. Rome Ave. and 102 W. Sligh Ave., and a new campus at 9309 N. Florida Ave., both in Tampa, Florida.
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