Miscellaneous Public Notices
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 May 21, 2026, at 10:00 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 not exceeding $43,000,000 of its Florida Local Government Finance Commission Educational Facilities Revenue Bonds (Cornerstone Classical Academy at Wildlight Project) to be issued in one or more tax-exempt and/or taxable series of qualified 501(c)(3) bonds, as defined in Section 145 of the Code (collectively, the Bonds), pursuant to a plan of finance.
The proceeds of the Bonds, when and if issued, will be loaned to Cornerstone Classical Academy at Wildlight Holdings, LLC, a Florida limited liability company (the Borrower), the sole member of which is Cornerstone Classical Foundation, Inc., a Florida not-for-profit corporation and an organization described under Section 501(c)(3) of the Code. The proceeds will be used by the Borrower for the purposes of: (a) financing and refinancing (including through reimbursement for prior related expenditures) all or a portion of the cost of acquiring, constructing, equipping, and/or improving of certain educational facilities, including land, located at 720 Riverbluff Parkway, Yulee, Nassau County, Florida 32907 (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 will be owned by the Borrower and will be operated as a public charter school by 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 Issuer from 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 Nassau County and the School District of Nassau County). 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
May 14 (26-00147N)
