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NOTICE OF PUBLIC HEARING NOTIC...

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NOTICE OF PUBLIC HEARING Notice is hereby given of a Public Hearing by Allegheny County Industrial Devel- opment Authority (the “Authority”), on behalf of itself and the County Executive of Allegheny County, Penns- ylvania, to be held on November 19, 2021 at 9:00 a.m. prevailing time, at One Chatham Center, 112 Washington Place, Suite 900, Pittsburgh, PA 15219, to discuss the issuance of tax-exempt and/or taxable revenue bonds (the “Bonds”) in one or more series pursuant to a plan of finance for the following project (the “Project”): A. Initial Legal Owner: Turtle Creek Valley Arts Corporation (the “Borrower”), a Pennsylvania non-profit corporation and an organization described in section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the “Code”) will be the owner of the Project facilities. B. Principal Users: The Borrower and Westinghouse Arts Academy Charter School (the “Charter School”), a Pennsylvania non-profit corporation and an organization described in section 501(c)(3) of the Code and a public charter school duly organized and validly existing pursuant to the State Charter School Law, the Act of June 19, 1997, P.L. 225, No. 22, as amended, will operate an educational facility as part of the Project facilities and will become the tenant of the Borrower upon the acquisition to be financed by the Bonds. C. Maximum Stated Principal Amount of Bonds: $14,500,000. D. Description of Project: The Project consists of the issuance of qualified 501(c)(3) bonds as defined in Section 145 of the Code, for: 1. financing the acquisition, construction, installation, renovation, improvement, furnishing and equipping of the existing school facilities to be leased by the Borrower, as landlord, to the Charter School, as tenant, for use in its school operations; 2. paying capitalized interest on the Bonds, if deemed necessary in connection with the sale of the Bonds; 3. funding any required reserves, if deemed necessary in connection with the sale of the Bonds; and 4. paying allowable issuance costs of the Bonds. E. Location of the Project: The Project facilities described above are located at 320 Marguerite Avenue, Wilmerding, Pennsylvania 15148.

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