NOTICE OF PUBLIC HEARING
REGARDING
NOT TO EXCEED $140,000,000
PUBLIC FINANCE AUTHORITY
STUDENT HOUSING REVENUE BONDS
(THE ATLANTIC AT UTA, LLC - STUDENT HOUSING PROJECT)
NOTICE IS HEREBY GIVEN that, as required by Section 147(f) of the Internal Revenue Code of 1986, as amended (the "Code"), Ray Jones, serving as hearing officer ("Hearing Officer") on behalf of Tarrant County, Texas and the Public Finance Authority (the "Authority"), will hold a public hearing on September 15, 2025, at 10:30 a.m. central daylight time via TELECONFERENCE ONLY, or as soon as practicable thereafter, concerning the proposed issuance by the Authority, a commission organized under and pursuant to the provisions of Sections 66.0301, 66.0303 and 66.0304 of the Wisconsin Statutes, as amended, of its Student Housing Revenue Bonds (The Atlantic at UTA, LLC - Student Housing Project), in one or more series (the "Bonds") in a maximum principal amount of not exceeding $140,000,000.
The Bonds are expected to be issued pursuant to Section 66.0304 of the Wisconsin Statutes, as amended, and the proceeds from the sale of the Bonds will be loaned to The Atlantic at UTA, LLC (the "Borrower"), a Texas limited liability company whose sole member is Atlantic Housing Foundation, Inc., a South Carolina nonprofit corporation and an organization described in Section 501(c)(3) of the Code and exempt from federal income taxation under Section 501(a) of the Code. The loan is expected to (i) finance the costs of the acquisition, construction, furnishing, equipping, managing, and operating of an approximately 391-unit, 797-bed apartment style student housing facility (the "Project") on the campus of The University of Texas at Arlington (the "University") to be located in Arlington, Texas on the corner of Center Street and 2nd Street across the street from the University's Welcome Center and College Park Center; (ii) fund any required reserves; (iii) pay the cost of interest on the Bonds during construction; (iv) finance certain connecting utility improvements and hardscaping; and (v) pay the costs of issuance associated with the Bonds.
The Project will be owned and operated by the Borrower.
The Bonds will be special limited obligations of the Authority payable solely from the loan repayments to be made by the Borrower to the Authority, pursuant to a loan agreement, and certain funds and accounts established by a trust indenture relating to the Bonds.
The Public Hearing will be conducted by the Hearing Officer telephonically, and the public will not be able to attend in person. However, all persons who wish to provide comments or listen to the Public Hearing may join by calling toll free at (833) 803-5415, Passcode 47355864#. Members of the public may provide oral or written comments to the Hearing Officer to express their views for or against the proposed issuance of the Bonds or the location and nature of the Project.
All persons who wish to make oral comments during the Public Hearing must contact the Hearing Officer, not less than 24 hours prior to the Public Hearing, via email to ColumbiaBondTeam@parkerpoe.com to inform the Hearing Officer of their desire to speak at the Public Hearing. Those who present comments during the Public Hearing will be permitted to address the Hearing Officer regarding the Project or the Bonds for no more than five (5) minutes.
All persons who wish to submit written comments regarding the proposed issuance of the Bonds, the location and nature of the Project and other related matters should do so by mailing comments to Ray Jones at Parker Poe Adams & Bernstein LLP, 1221 Main Street, Suite 1100, Columbia, South Carolina 29201 or via email to ColumbiaBondTeam@parkerpoe.com.
IPL0270734
Sep 7 2025