Public hearing for issuing Student Housing Revenue Bonds for The Verge Orlando project.
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Deadline · public hearing date
May 13, 2026
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- Published
- Category
- Public Hearing
- City
- Okeechobee
Research context
What to do next
- 1
Attend the Hearing
Join the telephone conference on May 13, 2026, using the provided dial-in number.
- 2
Submit Written Comments
Send your comments to CaPFA at the address listed before the hearing date.
- 3
Review Project Details
Familiarize yourself with the details of The Verge Orlando project before the hearing.
Frequently asked questions
- What is the purpose of the public hearing?
- The hearing is to discuss the issuance of Student Housing Revenue Bonds.
- How can I attend the public hearing?
- You can attend by calling the toll-free number provided in the notice.
- What is the date and time of the public hearing?
- The public hearing is scheduled for May 13, 2026, at 10:00 a.m. EST.
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Full Notice Text
CAPITAL PROJECTS FINANCE AUTHORITY
NOTICE OF PUBLIC HEARING
For purposes of Section 147(f) of the Internal Revenue Code of 1986, as amended (the "IRC"), notice is hereby given that the Capital Projects Finance Authority ("CaPFA") will hold a public hearing on May 13, 2026, at 10:00 a.m. EST 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: 1-800-719-6100
PASSCODE: 7584552
The public hearing is being conducted for the purpose of receiving comments and hearing discussion concerning the proposed adoption by CaPFA of a resolution approving the issuance by CaPFA of an aggregate principal amount not to exceed $160,000,000 of its Student Housing Revenue Bonds (SFP Knightro, LLC Project), in multiple series of tax-exempt and/or taxable bonds (collectively, the "Bonds") pursuant to a plan of finance. Any tax-exempt bonds will be issued as qualified 501(c)(3) bonds on their respective dates of issuance pursuant to Section 145 of the IRC. The proceeds of the Bonds will be loaned by CaPFA to SFP Knightro, LLC, a Florida limited liability company (the "Borrower"), the sole member of which is Strategic Facility Partners, Inc., an Ohio not for profit corporation and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended ("SFP"). The Borrower will use the proceeds of the Bonds for the purposes of: (i) financing the costs related to the acquisition, renovation, furnishing, construction, improvement and equipping of an approximately 930-bed apartment style student housing community, known as "The Verge Orlando," consisting of 21 residential buildings with a mix of studio through four-bedroom units and accompanying amenities, including fitness facilities, a resort-style pool, and recreational courts, all situated on an approximately 21.1 acre tract located at 11841 Jefferson Commons Circle, Orlando, Florida, (ii) funding of debt service reserves for the Bonds, if deemed necessary or desirable, (iii) funding of capitalized interest for the Bonds, if deemed necessary or desirable, (iv) funding of operating reserves, if deemed necessary or desirable, and (v) payment of costs of issuing the Bonds (collectively, the "Project"). All facilities will be owned and operated by the Borrower or SFP, or subject to a qualified management contract as required by the IRC.
The Bonds will be issued by CaPFA under the authority of the Constitution and laws of the State of Florida, and particularly Ordinance No. 214 enacted on September 23, 1993 by the City of Moore Haven, Florida, as amended from time to time, Chapter 159, Part II, Florida Statutes, as amended, and other applicable provisions of law (collectively, the "Act"), and the proceeds thereof are being loaned to the Borrower pursuant to the Act. The Bonds shall be payable solely from the revenues derived from the Borrower. Such Bonds and the interest thereon shall not constitute an indebtedness or pledge of the general credit or taxing power of CaPFA, the City of Moore Haven, Orange County, Florida, the State of Florida, or any political subdivision or agency thereof. CaPFA has no taxing power. Issuance of the Bonds is subject to several conditions including satisfactory documentation and receipt of necessary approvals for the financing.
Any persons wishing to express their views on the issuance of the Bonds will be given the opportunity to do so at the public hearing, by accessing the telephone conference as indicated above. Written comments may also be submitted prior to the hearing to CaPFA at ACS Management & Consulting LLC, 121 S. Orange Ave, Suite 1500, Orlando, Florida 32801, directed to the Program Administrator. Comments made at the hearing are for the consideration of the party(ies) providing an approval of the issuance of the Bonds and the proceeds of which will be loaned to the Borrower but will not bind CaPFA 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 CaPFA OR OTHER PARTIES WITH RESPECT TO SUCH HEARING OR MEETING (S)HE WILL NEED TO ENSURE THAT A VERBATIM RECORD OF SUCH HEARING OR MEETING IS MADE WHICH RECORD INCLUDES THE TESTIMONY AND EVIDENCE UPON WHICH THE APPEAL IS BASED.
In accordance with the Americans with Disabilities Act, persons needing a special accommodation to participate in this proceeding should contact CaPFA no later than twenty-four (24) hours prior to the date of the hearing at the address given in this notice or by telephone at (407) 717-9707.
By order of CaPFA.
CAPITAL PROJECTS FINANCE AUTHORITY
42096 LON/Glades 05/06/2026