Massachusetts Development Finance Agency
The Massachusetts Development Finance Agency is having a Hearing on September 8 at 10:00 a.m.
Discussion Topics
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Issue for the Benefit of The Berkshire School, Inc.
Notice is hereby given that a public hearing will be conducted by the Massachusetts Development Finance Agency (“MassDevelopment”) at 10 a.m. September 8, 2017 at its offices located at 1350 Main Street, Suite 1110, Springfield, Massachusetts, with respect to the proposed issuance by MassDevelopment, acting under and pursuant to Massachusetts General Laws, Chapters 23G and 40D, as amended, of bonds in the maximum aggregate principal amount of $3,000,000 (the “Bonds”). If MassDevelopment’s offices are closed on September 8, 2017 due to unforeseen circumstances, including without limitation adverse weather conditions, the public hearing will be held on the next business day on which MassDevelopment’s offices are open at the same time and location. The total estimated project costs are $4,497,500. The Bonds will be issued to provide for the financing and/or refinancing of, and the reimbursement of funds advanced by The Berkshire School, Inc. (the “Institution,” which term includes for purposes of this Notice any parent, subsidiary or other affiliate thereof) with respect to facilities owned or to be owned and operated by the Institution, including without limitation those facilities that are located at and adjacent to 245 North Undermountain Road, Sheffield, Massachusetts (including without limitation such financing, refinancing or reimbursement of bond reserves and issuance costs), generally consisting of the financing of and/or the refinancing of (i) the construction of an approximately 2,280 square foot addition to the Spurr Dormitory (including the demolition and reconstruction of portions of the building), (ii) the acquisition of furniture, fixtures and equipment to be used in the Spurr Dormitory, and (iii) the renovation to and replacement of approximately 185,000 square feet of existing athletic turf fields (collectively, the “Project”).
The Bonds will not constitute a general obligation of, or a pledge of the faith and credit of MassDevelopment or a general obligation of, or a debt or pledge of the faith and credit of the Commonwealth.
Interested persons wishing to express their views on such project and the proposed issuance of revenue bonds to finance and refinance the costs of such Project will be given the opportunity to do so at the public hearing or may, prior to the time of the public hearing, submit their views in writing to Massachusetts Development Finance Agency, 1350 Main Street, Suite 1110, Springfield, Massachusetts 01103.