NOTICE OF PUBLIC HEARING WITH RESPECT TO NOT TO EXCEED $40,000,000 OF CHARTER SCHOOL REVENUE BONDS NOTICE IS HEREBY GIVEN that on July 21, 2026, a public hearing as required by Section 147(f) of the Internal Revenue Code of 1986 (the "Code"), will be held on behalf of Miami-Dade County, Florida with respect to the proposed issuance by the Arizona Industrial Development Authority, a nonprofit corporation designated as a political subdivision of the State of Arizona ("AZIDA"), of its Charter School Revenue Bonds (qualified 501(c)(3) bonds as defined in Section 145 of the Code), to be issued pursuant to a plan of financing within the meaning of Section 147(f)(2)(C) of the Code in one or more series from time to time (the "Bonds"), in an amount not to exceed $40,000,000. The hearing will commence at 9:30 a.m. local time (ET), or as soon thereafter as the matter can be heard, and will be held at Miami-Dade Commission Chambers, Stephen P. Clark Government Center, Second Floor, 111 N.W. 1st Street, Miami, Florida 33128. The Bonds are expected to be part of a larger issuance of bonds for the benefit of multiple charter schools in multiple states, all issued pursuant to Title 35, Chapter 5, Article 2 of the Arizona Revised Statutes, as amended, by AZIDA, incorporated with the approval of the Arizona Finance Authority pursuant to the provisions of the Constitution and laws of the State of Arizona, including the Industrial Development Financing Act, Title 35, Chapter 5, Articles 1 through 5, Arizona Revised Statutes, as amended (Sections 35-701 through 35-761, inclusive). The proceeds from the sale of the larger issuance of bonds will be loaned to Equitable Facilities Fund, Inc., a Delaware nonstock corporation described in Section 501(c)(3) of the Code ("EFF"), or Equitable School Revolving Fund, LLC, a Delaware limited liability company affiliate of EFF that is disregarded for federal tax purposes (together with EFF, the "Lender"). The proceeds from the sale of the Bonds will finance a loan by the Lender to True North Classical Academy, Inc. (the "Borrower"). The Borrower is a duly organized and validly existing Florida nonprofit corporation described in Section 501(c)(3) of the Code. The proceeds of the loan to be made by the Lender will be used to (1) finance and refinance the acquisition, construction, expansion, remodeling, renovation, improvement, furnishing and/or equipping of the charter school educational facilities known as True North Classical Academy at Gateway, located at 6500 SW 97th Ave., Miami, FL 33173 (the "Project"), and (2) pay costs associated with the closing of the loan. The Bonds will be special limited obligations of AZIDA payable solely from the loan repayments to be made by the Lender to AZIDA, and certain funds and accounts established by the bond indenture for the Bonds. The principal of and interest on the Bonds will not constitute obligations of the Borrower, the State of Florida or any political subdivision thereof, Arizona Industrial Development Authority, the Arizona Finance Authority, the State of Arizona or any political subdivision thereof. The Bonds will not constitute a debt or a loan of credit or a pledge of the full faith and credit or taxing power of the State of Florida or any political subdivision thereof, Arizona Industrial Development Authority, the Arizona Finance Authority, the State of Arizona or any political subdivision thereof, within the meaning of any state constitutional provision or statutory limitation and shall never constitute or give rise to a pecuniary liability of the State of Florida, Arizona Industrial Development Authority, the Arizona Finance Authority, the State of Arizona or any political subdivision thereof. The public hearing will be conducted in a manner that provides a reasonable opportunity for persons with differing views on both the issuance of the Bonds and the financing of the Project to be heard and to present their oral and written comments. Written comments should be delivered at the public hearing or mailed to Arizona Industrial Development Authority, c/o Kutak Rock, 8601 North Scottsdale Road, Suite 300, Scottsdale, Arizona 85253, Attention: President, for receipt not later than the date and time of the hearing. Anyone requiring an accommodation consistent with the Americans with Disabilities Act should contact Arizona Industrial Development Authority representatives at (480) 429-5000 at least two (2) business days in advance of the hearing. This notice is published and the hearing is held in satisfaction of the requirements of Section 147(f) of the Internal Revenue Code of 1986, as amended. Date of Notice: July 14, 2026 IPL0357342 Jul 14 2026