Public Hearings

NOTICE OF PUBLIC HEARING (Bryn Mawr College)

Notice is hereby given that the Pennsylvania Higher Educational Facilities Authority (the “Authority”) will hold a public hearing on Thursday, July 18, 2019 at 1:00 p.m. prevailing time, at the office of the Authority, located on the Second Floor at 1035 Mumma Road, Wormleysburg, Pennsylvania 17043, to discuss, and take comment with respect to, the financing of the following project:

Pennsylvania Higher Educational Facilities Authority
Bryn Mawr College Project

Name of Initial Owner:  Bryn Mawr College, a Pennsylvania non-profit corporation (the “College”).

Project Addresses:  Bryn Mawr College campus, with a front street address of 101 North Merion Avenue, Bryn Mawr, Pennsylvania 19010 and inclusive of 300 Airdale Road, Bryn Mawr, Pennsylvania 19010.

Aggregate Amount of Issue Requested:  Not to exceed $37,000,000.

Project Description:  The debt to be issued will constitute a qualified 501(c)(3) bond as defined in Section 145 of the Internal Revenue Code, as amended, for college (higher education) facilities, including, among other things:  (i) the refunding of the $22,360,000 outstanding principal amount of the Authority’s Bryn Mawr College Revenue Bonds, Series 2010A (the “2010A Bonds”); (ii) the payment of all or a portion of the costs of the design, acquisition, construction, installation and equipping of (a) a new student life and wellness center; (b) renovations and improvements to the Park Science complex; and (c) various other capital renovations and improvements to the College’s existing buildings and facilities; and (iii) the payment of all or a portion of the costs and expenses of issuing the debt.

The proceeds of the 2010A Bonds being refunded as a part of the Project were used by the College to finance or refinance the acquisition, construction, installation and improvement of various buildings and facilities related to educational and administrative facilities, residence halls and recreational facilities on the College’s campus.

Members of the public are invited to attend the aforesaid public hearing and meeting.  The attending public, on their own behalf or by attorney, are urged to provide information and make statements concerning the aforesaid project.

BOND OBLIGATIONS OF THE PENNAYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY ARE NOT OBLIGATIONS OF THE COMMONWEALTH OF PENNSYLVANIA, NOR OF ANY CITY, BOROUGH, TOWNSHIP, COUNTY OR OTHER POLITICAL SUBDIVISION OF THE COMMONWEALTH OF PENNSYLVANIA.

This Notice is published in accordance with the requirements of Section 147(f) of the Internal Revenue Code, as amended.

Pennsylvania Higher Educational Facilities Authority

Latest News

Board Meeting:

July 18, 2019, 10:30 AM - SPSBA/PHEFA - Room 515, North Office Building Harrisburg, PA

Project Closing:

Community College of Philadelphia, Series A of 2019 - Closed 05/22/2019

Contact & Location

OFFICE
1035 Mumma Road, Suite #300
Wormleysburg, PA 17043

bnawa@spsba.org

PHONE (717) 975-2204