NOTICE OF PUBLIC HEARING
NOTICE IS HEREBY GIVEN that a public hearing will be held on behalf of Italy Higher Education Facilities Corporation (the "Corporation"), a nonprofit corporation, on April 10, 2026, commencing at 10:00 a.m. to provide an opportunity for all interested persons to be heard with respect to a loan (qualified 501(c)(3) bonds as defined in Section 145 of the Internal Revenue Code of 1986, as amended) from a lender (the "Lender") to the Corporation in the maximum aggregate amount of $4,750,000, and a loan from the Corporation to GPA Ministries, Inc. dba Grace Preparatory Academy (the "Borrower") in the same amount (collectively, the "Loans"); all pursuant to a loan agreement by and among the Corporation, the Lender and the Borrower.
The Loans are being made for the purpose of financing and/or refinancing all or a portion of the costs of the acquisition, construction, renovation, and equipping of school facilities on the campus of the Borrower located at 3300 West I-20 Frontage Rd., Arlington Texas 76017 (collectively, the "Project"). A portion of the proceeds of the Loans will be used to pay certain expenses in connection with the issuance of the Loans. The Project will be owned by the Borrower. The Loans are not payable out of taxes and are secured by and payable solely from funds provided by the Borrower.
At the time and place set for the public hearing, interested persons will be given a reasonable opportunity to express their views on the merits of the Project, the Loans or related matters. Members of the public may listen to and contribute to any discussion during the hearing by dialing: 1-346-248-7799, meeting ID: 959 4504 8422, passcode: 294267. Persons wishing to participate should submit a written request to speak to hvu@jw.com at least 24 hours before the hearing; however, the hearing officer will also provide time for additional comments during the hearing. Oral remarks may not exceed five minutes in duration. Written comments may be submitted by email to the President of the Board of Directors of the Corporation c/o Jackson Walker LLP, Attn: Hoang Vu, hvu@jw.com, until the time and date of the hearing.
IPL0327564
Apr 3 2026