NOTICE OF PUBLIC HEARING AND NOTICE OF BONDS TO BE ISSUED
NOTICE IS HEREBY GIVEN that on March 27, 2026, the Utah Charter School Finance Authority (the 'Authority') adopted a resolution (the 'Resolution') declaring its intent to issue charter school revenue bonds in an amount not to exceed $20,000,000, to bear interest at interest rates not to exceed 8% per annum, which interest may be federally taxable or tax-exempt, to mature in not more than 36 years, and to be sold to the purchasers thereof at a discount of not more than 5.0% of the principal amount thereof (the 'Bonds') pursuant to the Charter School Financing Act, Title 53G, Chapter 5, Part 6, Utah Code Annotated 1953, as amended, and the Utah Industrial Facilities and Development Act, Title 11, Chapter 17, Utah Code Annotated 1953, as amended (collectively, the 'Act'). The Authority or its designee shall hold a public hearing on April 14, 2026 at 9:00 a.m. at the offices of the State Treasurer, C180 State Capitol Complex (Room 180 in the State Capitol), Salt Lake City, Utah to receive input from the public with respect to the issuance of the Bonds and the financing of the costs of the Facilities (as defined below). The hearing may be attended in person at the address above or remotely by dialing (877) 211-3621, passcode 503023#.
The Authority proposes to loan the proceeds of the Bonds to Lincoln Academy, Incorporated, a Utah non-profit corporation (the 'Borrower'), pursuant to the terms of a loan agreement, as supplemented and amended (the 'Loan Agreement') for the purpose of financing the cost of acquiring and constructing an expansion of the Borrower's existing facilities, refunding all or a portion of the Issuer's Charter School Revenue Refunding and New Money Bonds (Lincoln Academy), Series 2014, providing for capitalized interest, funding a debt service reserve, and paying costs of issuance of the Bonds. The facilities to be financed or refinanced by the Bonds consist of an approximately 15,500 square-foot expansion (the 'Expansion Project') to the hereinafter defined Existing Facilities, and the Borrower's existing 70,000 square-foot high school facility, located on approximately 4 acres at 1582 West 3300 North, Pleasant Grove, Utah (the 'Existing Facilities' and, collectively with the Expansion Project, the 'Facilities'). The Facilities are or will be owned and operated by the Borrower.
The Bonds will be special obligations of the Authority payable solely from the trust estate pledged under a Trust Indenture, as supplemented and amended, between the Authority and U.S. Bank Trust Company, National Association, as trustee thereunder (collectively, the 'Indenture'). The Bonds and the interest thereon will not be a general obligation debt of the Authority, the State of Utah or any political subdivision thereof, and none of the Authority, the State of Utah nor any political subdivision thereof will be liable thereon, and in no event will the Bonds or the interest thereon be payable out of any funds or properties other than those expressly provided therefor under the Indenture. The Bonds shall be issued in an aggregate principal amount of up to $20,000,000.
All members of the public are invited to attend and participate in the public hearing. Written comments may be submitted to the Utah Charter School Finance Authority, Utah State Treasurer, C180 State Capitol Complex, Salt Lake City, Utah 84114, Attention Chief Deputy State Treasurer. Written comments should be mailed in sufficient time to be received before the April 14, 2026, public hearing. Additional information can be obtained from the Authority at its office shown above or by calling (801) 538-1042. Subsequent to the public hearing, the Governor of the State of Utah will consider approving the issuance of the Bonds.
NOTICE IS FURTHER GIVEN that a period of 30 days after the date of publication of this notice is provided by law during which any person in interest shall have the right to contest the legality of the Resolution, the Indenture, the Loan Agreement or the Bonds, or any provision made for the security and payment of the Bonds, and that after such time, no one shall have any cause of action to contest the regularity, formality or legality thereof for any cause whatsoever.
DATED March 27, 2026.
UTAH CHARTER SCHOOL FINANCE AUTHORITY
NOTICE OF PUBLIC HEARING AND OF BONDS TO BE ISSUED
NOTICE IS HEREBY GIVEN that on March 27, 2026 the Utah Charter School Finance Authority (the 'Authority') adopted a resolution (the 'Resolution') declaring its intent to issue charter school revenue bonds in an amount not to exceed $20,000,000 (the 'Bonds') and to mature on or prior to December 31, 2062, pursuant to Title 53G, Chapter 5, Part 6, Utah Code Annotated 1953, as amended and the Utah Industrial Facilities and Development Act, Title 11, Chapter 17, Utah Code Annotated 1953, as amended (collectively, the 'Act'). The Authority or its designee shall hold a public hearing on Tuesday, April 14, 2026, at the hour of 9:00 a.m. to receive input from the public with respect to the issuance of the Bonds and the financing and/or refinancing of the Facilities (as defined below), which public hearing shall be held at the offices of the Authority, Utah State Treasurer, C180 State Capitol Complex (Room 180 in the State Capitol), Salt Lake City, Utah. Public access to the public hearing shall be both in person and by remote access. Members of the public may join the teleconference by dialing the following toll free number and entering the following passcode: 1-877-211-3621 (Passcode: 503023#).
The Authority proposes to loan the proceeds of the Bonds to George Washington Academy, a Utah nonprofit corporation (the 'Borrower') pursuant to the terms of a loan agreement (the 'Loan Agreement') for the purpose of (i) financing the acquisition, construction, rehabilitation, renovation and equipping of classrooms and other facilities for the Borrower at 2277 South 3000 East, St. George, Utah (the 'Series 2026 Facilities'), (ii) funding a debt service reserve fund for the Bonds, and (iii) paying certain issuance expenses (collectively, the 'Series 2026 Project').
The Bonds shall be special obligations of the Authority payable solely from amounts provided by the Borrower, including monies and securities held from time to time under a trust indenture (the 'Indenture'). The Bonds and the interest thereon will not be a general obligation debt of the Authority, the State of Utah or any political subdivision thereof, and none of the Authority, the State of Utah or any political subdivision thereof will be liable thereon. The issuance of the Bonds shall not directly, indirectly or contingently, obligate the Authority, the State of Utah or any agency, instrumentality or political subdivision thereof to levy any form of taxation therefor or to make any appropriation for their payment.
The Bonds shall be issued pursuant to the Resolution and the Indenture; provided that the principal amount, interest rate or rates, maturity and discount, if any, will not exceed the respective maximums described in the Resolution. Copies of the Resolution, the Indenture and the Loan Agreement are on file in the offices of the Authority, Utah State Treasurer, C180 State Capitol Complex (Room 180 in the State Capitol), Salt Lake City, Utah, where they may be examined Monday through Friday (except on legal holidays) from 8:00 a.m. to 5:00 p.m. for a period of at least thirty (30) days from and after the date of publication of this notice.
All members of the public are invited to attend and participate in the public hearing as described above. Written comments may be submitted to the Authority, Utah State Treasurer, C180 State Capitol Complex (Room 180 in the State Capitol), P.O. Box 142315, Salt Lake City, Utah 84114-2315; attention Chief Deputy State Treasurer. Written comments should be mailed in sufficient time to be received before the April 14, 2026, public hearing. Additional information can be obtained from the Authority at its office shown above or by calling (801) 538-1042. Subsequent to the public hearing, the Governor of the State of Utah will consider approving the issuance of the Bonds.
NOTICE IS FURTHER GIVEN that a period of thirty (30) days after the date of publication of this notice is provided by law during which any person in interest shall have the right to contest the legality of the Resolution, the Indenture, the Loan Agreement or the Bonds, or any provision made for the security and payment of the Bonds, and that after such time, no one shall have any cause of action to contest the regularity, formality or legality thereof for any cause whatsoever.
DATED April 2, 2026.
By: /s/ Scott Jones, Secretary
Notice of Special Accommodations (ADA)
In compliance with the Americans with disabilities Act, individuals needing special accommodations during this meeting should notify Reba Arndt, Administrative Assistant, at Room 180 State Capitol Building, 801-538-1042.
Notice of Electronic or Telephone Participation
One or more members of the Authority will participate via telephonic conference originated by the Chair, and the meeting shall be an electronic meeting, and the anchor location shall be the offices of the State Treasurer set forth above, within the meanin