Miami Herald, The
December 19, 2025
NOTICE OF TELEPHONIC PUBLIC HEARING
The Capital Trust Authority (the "CTA") has been requested by AIDS Healthcare Foundation, a California nonprofit public benefit corporation, and/or one or more related and/or affiliated entities (collectively, the "Borrower"), and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), to issue its Revenue Bonds, pursuant to a plan of finance, in one or more series of tax-exempt qualified 501(c)(3) bonds or taxable bonds, in an aggregate principal amount not to exceed $90,000,000 (the "Bonds").
For the purposes of Section 147(f) of the Code, notice is hereby given that, in accordance with the Internal Revenue Service Revenue Procedure 2022-20, a telephonic public hearing will be held by a hearing officer on behalf of the CTA on December 26, 2025 at 8:00 A.M. CST/9:00 A.M. EST, or as soon thereafter as the matter may be heard, using the telephone conference instructions provided herein. The purpose of the hearing is to take public comments regarding the issuance of the Bonds by the CTA, the nature and location of the Project (hereinafter defined) and the plan of finance. The proceeds of the Bonds will be loaned to the Borrower by the CTA for the purpose of financing or refinancing, including through reimbursement, (i) the acquisition, construction, improvement, rehabilitation, equipping and furnishing of certain health care, housing and related facilities, as more fully described below (collectively, the "Facilities"); (ii) the funding of one or more debt service reserve funds for the benefit of all or a portion of the Bonds, if deemed necessary or desirable; (iii) the payment of a portion of the interest to accrue on the Bonds, if deemed necessary or desirable; (iv) the payment of certain working capital expenditures, if deemed necessary or desirable; and (v) the payment of certain costs of issuance of the Bonds (collectively, the "Project").
The Facilities consist of the following:
(A) an existing approximately 125,031 square foot, nine (9)-story building, including approximately 217 units, which will provide immediate relief for patients awaiting permanent housing, located on approximately 3.9 acres of land at 21485 Northwest 27th Avenue, Miami Gardens, Florida 33056, including related facilities, fixtures, furnishings, and equipment, with proceeds of the Bonds in an amount not to exceed $24,000,000;
(B) an existing approximately 15,854 square foot single-story building, which will provide a central fill robotic pharmacy and administrative facilities, located on approximately two (2) acres of land at 2880 West Cypress Creek Road, Fort Lauderdale, Florida 33309, including related parking and other facilities, fixtures, furnishings, and equipment, with proceeds of the Bonds in an amount not to exceed $5,250,000;
(C) an existing approximately 10,005 square foot two (2)-story building, which will provide office space and administrative facilities to facilitate the Borrower's charitable purpose, located on approximately 5,000 square feet of land at 707 East Colonial Drive, Orlando, Florida 32803, including related parking and other facilities, fixtures, furnishings, and equipment, with proceeds of the Bonds in an amount not to exceed $1,550,000; and
(D) a new approximately 296,418 square foot 12-story building, including approximately 232 studio units and 18 one (1)-bedroom units, which will provide patients affordable housing, located on approximately one (1) acre of land at 7952 Northeast 3rd Avenue, Miami, Florida 33138, including related parking and other facilities, fixtures, furnishings, and equipment, with proceeds of the Bonds in an amount not to exceed $59,200,000.
The plan of finance contemplates that the CTA will issue, in respect to the Project, not exceeding $90,000,000 in aggregate principal amount of its Bonds, in one or more series of tax-exempt qualified 501(c)(3) bonds or taxable bonds, and loan the proceeds of the Bonds to the Borrower to provide funds for the Project. The Facilities will be owned by the Borrower, or an affiliate thereof or another entity chosen by the Borrower.
The Bonds, when issued, will be special, limited obligations payable solely out of the revenues, income and receipts pledged to the payment thereof and derived from financing agreements with the Borrower, and none of the CTA, Miami-Dade County, Florida, Broward County, Florida and Orange County, Florida (the "Counties"), or the State of Florida (the "State") will be obligated to pay the principal of, premium, if any, or interest on the Bonds except from the payments of the Borrower. The Bonds and the interest thereon shall never (i) pledge the taxing power of the Counties, the State or any other political subdivision, public agency or municipality thereof within the meaning of any constitutional or statutory provision, (ii) constitute the debt or indebtedness of the CTA, the Counties, the State or any other political subdivision, public agency or municipality thereof within the meaning of any constitutional or statutory provision, or (iii) pledge the full faith and credit of the CTA, the Counties, the State or any political subdivision, public agency or municipality thereof. CTA has no taxing power. Issuance of the Bonds is subject to several conditions including satisfactory documentation and receipt of necessary approvals for the financing.
interested persons are encouraged to attend by telephone conference using the instructions below. Prior to said telephonic public hearing, written comments may be delivered to the CTA at 315 Fairpoint Drive, Gulf Breeze, Florida 32561, attention executive director.
TELEPHONE CONFERENCE INSTRUCTIONS:
TOLL FREE DIAL IN NUMBER: 1 (888) 667-1808
At the date and time fixed for said telephonic public hearing all who appear by telephone conference will be given an opportunity to express their views for or against the Project, the plan of finance and the proposed approval of the issuance of the Bonds. Comments made at the public hearing are for the consideration of the parties providing an approval of the issuance of the Bonds and the plan of finance but will not bind the CTA or such parties as to any action the CTA or such parties may take. All persons are advised that, if they decide to appeal any decision made with respect to the proposed approval of the issuance of the Bonds, they will need a record of the proceedings, and for such purpose, they may need to ensure that a verbatim record of the proceedings is made, which record includes the testimony and evidence upon which the appeal is to be based. All interested persons are invited to present their comments on the date and time set forth above.
IN ACCORDANCE WITH THE AMERICANS WITH DISABILITIES ACT OF 1990, AS AMENDED, ALL PERSONS WHO ARE DISABLED AND WHO NEED SPECIAL ACCOMMODATIONS TO PARTICIPATE IN THIS TELEPHONIC PUBLIC HEARING BECAUSE OF THAT DISABILITY SHOULD CONTACT THE HEARING OFFICER AT (850) 934-4046 AT LEAST 48 HOURS IN ADVANCE OF THE PUBLIC HEARING, EXCLUDING SATURDAY AND SUNDAY.
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