Public hearing for issuing educational facility revenue bonds for Team Success A School.
Official Courthouse Record · AI-summarized for clarity
- Published
- Category
- Public Hearing
- City
- Ft. Myers
What You Should Do Next
- 1
Attend the Public Hearing
Join the telephonic public hearing on February 13, 2026, at 8:30 A.M. CST.
- 2
Submit Comments
Prepare and submit any comments regarding the bond issuance before the hearing date.
- 3
Review Project Details
Familiarize yourself with the project details and its impact on the community.
Frequently Asked Questions
- What is the purpose of the public hearing?
- The hearing is to gather public comments regarding the issuance of educational facility revenue bonds.
- When is the public hearing scheduled?
- The public hearing is scheduled for February 13, 2026, at 8:30 A.M. CST.
- Where will the new educational facility be located?
- The facility will be located on the northwest corner of Marsh Avenue and Billy Creek in Fort Myers.
- How much will the bonds amount to?
- The bonds will not exceed $18,000,000 for the project.
The above suggestions and answers are AI-generated for informational purposes only. They may contain errors. NoticeRegistry assumes no responsibility for their accuracy. Consult a qualified professional before taking action.
Full Notice Text
NOTICE OF TELEPHONIC PUBLIC HEARING
The Capital Trust Authority (the "CTA") has been requested by Team Success A School of Excellence of Lee County, Inc., a Florida not for profit corporation, and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), and/or one or more related and/or affiliated entities (collectively, the "Borrower"), to issue its Educational Facilities Revenue Bonds (Team Success A School of Excellence of Lee County, Inc. Projects), in one or more series of tax-exempt qualified 501(c)(3) bonds or taxable bonds, in an aggregate principal amount not to exceed $18,000,000 (the "Bonds").
For the purposes of Section 147(f) of 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 CTA on Friday, February 13, 2026 at 8:30 A.M. CST/9:30 A.M. EST, or as soon thereafter as the matter may be heard, using the telephone conference instructions provided herein. 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 the Borrower by the CTA for the purpose of financing or refinancing, including through reimbursement, (i) the acquisition, construction, installation, furnishing and equipping of a new educational facility, consisting of approximately 22 classrooms, a lab, a cafeteria and administrative space, restrooms, and including related facilities, fixtures, furnishings and equipment, located on approximately 9.5 acres, located on the northwest corner of Marsh Avenue and Billy Creek, to the south of the intersection of Madison Avenue and Marsh Avenue, Fort Myers, Lee County, Florida (Parcel ID 08-44-25-P3-00068.0000), all to serve approximately 500 charter school students in grades K-6 and related uses (collectively, the "Facilities"); (ii) the funding of a debt service reserve fund for the Bonds, if deemed necessary or desirable; (iii) the funding of capitalized interest for the Bonds, if deemed necessary or desirable; and (iv) the payment of certain costs of issuing the Bonds (collectively, the "Project").
The plan of finance contemplates that the CTA will issue, in respect to the Project, not exceeding $18,000,000 in aggregate principal amount of its Bonds, in one or more series of tax-exempt qualified 501(c)(3) bonds or taxable bonds, and loan the proceeds of the Bonds to the Borrower to provide funds for the Project. The Facilities will be owned by the Borrower, or an affiliate thereof or another entity chosen by the Borrower.
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, Lee County, Florida (the "County"), the School District of Lee County (the "School District") 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 School District, 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 School District, 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 School District, 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.
February 4 2026
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