Denver Post, Notice is hereby given that the Executive Director of the Colorado Educational and Cultural Facilities Authority (the "Authority") will conduct a public hearing on July 16, 2015 (the "Public Hearing") concerning the approval of the plan of finance involving the making by the Authority of its Variable Rate Demand Revenue Tax-Exempt Loan (National Jewish Federation Bond Program) in one or more series in an aggregate principal amount not to exceed $22,000,000 (the "Loan"). The Public Hearing is a forum to discuss the plan of finance and the making of the Loan to finance the projects described below. Proceeds of the Loan will be loaned by the Authority to JFMC Facilities Corporation, an Illinois not-for-profit corporation recognized by IRS as a 501(c)(3) organization ("FacCorp") for a plan of finance comprised of the following elements: (a) finance, refinance, or reimburse the costs of constructing, renovating and equipping certain facilities at the locations listed below, (b) provide one or more debt service reserve funds for the benefit of all or a portion of the Loan, if deemed necessary or desirable, (c) pay a portion of the interest to accrue on the Loan, if deemed necessary or desirable, (d) pay certain working capital expenditures, if deemed necessary or desirable, and (e) pay certain costs of issuance of the Loan, including the costs of any credit or liquidity enhancement thereof, if deemed necessary or desirable (collectively, the "Project"). The initial owner, operator or manager, a general functional description and the location of each such facility, and the estimated maximum principal amount of the Loan to be issued with respect to each such facility, are listed below. A. Facilities owned by FacCorp, operated or managed by Jewish Community Centers of Chicago, an Illinois not-for-profit corporation recognized by IRS as a 501(c)(3) organization ("JCC"): 1. construction of a 10,000 to 14,000 square foot fitness center addition to be known as the Lustbader Health and Wellness Center located in the Bernard Weinger JCC Building at 300 Revere Dr. Northbrook, IL 60062 which will be fully equipped and have functional training spaces and fitness studios (partnerships will be developed with medical organizations and businesses to offer rehabilitation and physical therapy) --- to be financed by the Loan in a maximum principal amount of $4,200,000; 2. renovation of the men's and women's locker rooms, existing fitness center and adjacent hallways, an approximate 10,000 square foot space located in the Bernard Weinger JCC Building at 300 Revere Dr. Northbrook, IL 60062 which will include updated amenities as well as incorporation of a family changing room --- to be financed by the Loan in a maximum principal amount of $1,400,000; and 3. a 10,000 square foot renovation and expansion of the first and second floor offices of the JCC management staff located in the Bernard Weinger JCC Building at 300 Revere Dr. Northbrook, IL 60062 --- to be financed by the Loan in a maximum principal amount of $1,400,000. B. Facility owned by FacCorp and leased to Jewish Child and Family Services, an Illinois not-for-profit corporation recognized by IRS as a 501(c)(3) organization ("JCFS"): 1. construction and equipping of an approximately 18,000 square foot counseling, therapy, special educational and recreational facility, which will integrate all of the JCFS programs for individuals with disabilities and their families to be located at 6639 N. Kedzie Avenue Chicago, IL 60645 to be known as the "Abe and Ida Cooper Center" --- to be financed by the Loan in a maximum principal amount of $12,600,000; and 2. remodeling of the Knapp Center located at 3145 W. Pratt Blvd, Chicago, IL 60645, to accommodate increased volume that will result from the consolidation of counseling services from two sites into this single site --- to be financed by the Loan in a maximum principal amount of $315,000. C. Facility owned by Hamilton Partners and leased to JCFS: 1. reimburse the costs associated with relocation to, remodeling and furnishing of a new counseling office located at 135 Arlington Heights Road, Buffalo Grove, IL 60089 --- to be financed by the Loan in a maximum principal amount of $210,000. D. Facility owned by JCFS situated on land owned by FacCorp: remodeling of The Virginia Frank Building located at 3033 W. Touhy Avenue, Chicago IL 60645 to consolidate training, programming, and back office operations --- to be financed by the Loan in a maximum principal amount of $700,000. E. Facilities owned by JCFS: 1. renovation and updating of the group home located at 6552 N. Sacramento Ave., Chicago IL 60645 --- to be financed by the Loan in a maximum principal amount of $42,000; 2. renovation and updating of the group home located at 6725 N. Campbell Ave., Chicago IL 60645 --- to be financed by the Loan in a maximum principal amount of $42,000; 3. renovation and updating of the group home located at 6107 N. Mozart St., Chicago IL 60659 --- to be financed by the Loan in a maximum principal amount of $42,000; 4. renovation and updating of the group home located at 6618 N. Talman Ave., Chicago IL 60659 --- to be financed by the Loan in a maximum principal amount of $42,000; and 5. renovation and updating of the group home located at 6135 N. Talman Ave., Chicago IL 60659 --- to be financed by the Loan in a maximum principal amount of $42,000. F. Facilities owned by 216 W. Jackson, LLC, leased to FacCorp which FacCorp subleases to JCFS: implementing of a technology rotation and update and other capital expenditures in the offices located at 216 W. Jackson Blvd, Suite 700, Chicago, IL 60606, which will include without limitation equipping JCFS with new computers --- to be financed by the Loan in a maximum principal amount of $700,000. The Loan and the interest thereon shall never constitute the debt or indebtedness of the Authority or any political subdivision of the State of Colorado (the "State") within the meaning of any provision of the Constitution of the State and shall not constitute nor give rise to a pecuniary liability or a charge against the general credit or taxing powers of the Authority or the State or any political subdivision of the State. All interested parties are invited to attend and present comments at the Public Hearing regarding the plan of finance, the Project and the making of the Loan. The Public Hearing on the plan of finance, the Project and the making of the Loan will be held on Thursday, July 16, 2015 at 10:00 a.m., at the offices of the Authority located at 1981 Blake Street, Denver, Colorado 80202-1272. Written comments may also be submitted to the Authority at the Authority's address set forth above, until the date of the public hearing.
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