Delco Times, NOTICE OF PUBLIC HEARING Please take notice that the Delaware County Authority (the “Author¬ity”) will hold a public hearing on August 27, 2015, in the office of the Authority, Leedom House, Rosetree Park, 1671 North Providence Road, Media, Pennsylvania, at 8:30 a.m., prevailing time, to discuss the proposed issuance of Delaware County Authority (Commonwealth of Pennsylvania) Villanova University Revenue Bonds, Series 2015 (the “Bonds”) for the benefit of Villanova University in the State of Pennsylvania (“Villanova University”), a Pennsylvania nonprofit corporation. A. Description of Costs and Facilities to be Financed: (i) costs and expenses of facilities related to the development of the south side of Lancaster Avenue for student housing and related capital projects, including, but not limited to (a) two student dormitory buildings, with a combined approximate square footage of 407,200, expected to house approximately 1,150 upper class undergraduate students; (b) associated retail space with a combined approximate square footage of 20,000; (c) associated surface parking lots (the facilities described in (i)(a)-(c) to be located at the southwest corner of Lancaster Avenue and South Ithan Avenue, extending west along the south side of Lancaster Avenue nearly to Route 320); (d) a pedestrian bridge across Lancaster Avenue at Church Walk; (e) a five-level parking garage, with an estimated 1,300 parking spaces, each level with an approximate square footage of 83,580, to be located approximately at the southeast corner of Lancaster Avenue and South Ithan Avenue; and (f) two additional levels to the existing Saint Augustine Center parking garage; (ii) costs and expenses related to miscellaneous construction, renovation, improvement and equipment projects set forth in Villanova University’s capital budgets for the fiscal years ending May 31, 2016, 2017 and 2018 (the facilities described in items (i) and (ii) are collectively referred to herein as the “Project Facilities”); (iii) capitalized interest on the Bonds; and (iv) certain costs and expenses related to issuing and, if applicable, insuring the Bonds. B. Maximum Amount of Bond Issue: $165,000,000 C. Initial Owner of Project Facilities: Villanova University D. Location of Project Facilities: The Campus of Villanova University, located at the intersection of Pennsylvania Route 320 and U.S. Route 30, Villanova, Delaware County, Pennsylvania, as more specifically described above. Any and all persons in attendance will be afforded an opportunity to comment on the proposed issuance of the Bonds. The public hear¬ing is to be held by the Authority as the issuer of the Bonds and by and on behalf of the County of Delaware, Pennsylvania, as the governmental unit on behalf of which the Authority acts, as required by the Internal Revenue Code of 1986, as amended. BY THE ORDER OF THE DELAWARE COUNTY AUTHORITY Paul J. Wechsler III, Secretary DCT, August 10, a-3
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