29391405 - Florida Administrative Rules, Law, Code, Register

Florida Department of State and Division of Library and Information Services


Notice: 29391405
Notice of Meeting/Workshop Hearing

Division:	Bryant Miller Olive


Overview



	The CAPITAL TRUST AUTHORITY announces a hearing to which all persons are invited.

DATE AND TIME:	March 31, 2025 at 11:30 A.M. CST/12:30 P.M. EST

PLACE:	Telephonic hearing, with instructions as provided herein.

Subject:	NOTICE OF TELEPHONIC PUBLIC HEARING The Capital Trust Authority (the "CTA") has been requested by Tampa Metropolitan Area Young Men's Christian Association, Inc., a Florida not for profit corporation, and an organization described in Section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), and/or one or more related and/or affiliated entities (collectively, the "Borrower"), to issue its Revenue and Revenue Refunding Bonds (Tampa Metropolitan Area Young Men's Christian Association, Inc. Project), in one or more series of tax-exempt qualified 501(c)(3) bonds or taxable bonds, in an aggregate principal amount not to exceed $52,200,000 (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 March 31, 2025 at 11:30 A.M. CST/12:30 P.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 and refinancing, including through reimbursement, (i) the refunding of all of the (a) Hillsborough County Industrial Development Authority Revenue Refunding Bond (Tampa Metropolitan Area Young Men's Christian Association, Inc. Project), Series 2013, issued on May 15, 2013; (b) Regions Bank Draw Down Term Loan to Tampa Metropolitan Area Young Men's Christian Association, Inc., dated May 9, 2016; (c) Regions Bank Term Loan to Tampa Metropolitan Area Young Men's Christian Association, Inc., and Regions Bank Revolving Line of Credit to Tampa Metropolitan Area Young Men's Christian Association, Inc., each dated September 24, 2018; and (d) Regions Commercial Equipment Finance, LLC Taxable Non-Revolving Line of Credit to Tampa Metropolitan Area Young Men's Christian Association, Inc., dated March 14, 2024, the proceeds of which were all applied for the primary purpose of financing certain social service center facilities and real property, as more fully described below (collectively, the "Refinanced Facilities"); (ii) the development, construction, renovation, expansion and equipping of various other capital improvements of certain social service center facilities, as more fully described below (collectively, the "Expansion Facilities," together with the Refinanced Facilities, collectively, the "Facilities"); (iii) the funding of a debt service reserve fund for the Bonds, if deemed necessary or desirable; (iv) the funding of capitalized interest for the Bonds, if deemed necessary or desirable; and (v) the payment of certain costs of issuing the Bonds (collectively, the "Project"). The Refinanced Facilities consist primarily of the following: (A) an existing social service center facility known as the Campo Family YMCA, located at 3414 Culbreth Road, Valrico, Florida 33596, including related facilities, fixtures, furnishings, and equipment (the "Campo Family YMCA"); (B) an existing social service center facility known as the New Tampa Family YMCA, located at 16221 Compton Drive, Tampa, Florida 33647, including related facilities, fixtures, furnishings, and equipment ("New Tampa Family YMCA"); (C) an existing social service center facility known as the Plant City Family YMCA, located at 1507 YMCA Place, Plant City, Florida 33563, including related facilities, fixtures, furnishings, and equipment ("Plant City Family YMCA"); (D) an existing social service center facility known as the Northwest Hillsborough Family YMCA, located at 8950 W. Waters Avenue, Tampa, Florida 33615, including related facilities, fixtures, furnishings, and equipment ("Northwest Hillsborough Family YMCA"); (E) an existing social service center facility known as Jackson Springs basketball facility, located at 8620 Jackson Springs Road, Tampa, Florida 33615, including related facilities, fixtures, furnishings, and equipment ("Jackson Springs YMCA"); (F) an existing social service center facility known as the Bob Sierra Family YMCA, located at 4029 Northdale Boulevard, Tampa, Florida 33624, including related facilities, fixtures, furnishings, and equipment ("Bob Sierra Family YMCA"); (G) an existing social service center facility known as the South Tampa Family YMCA, located at 4411 South Himes Avenue, Tampa, Florida 33611, including related facilities, fixtures, furnishings, and equipment ("South Tampa Family YMCA"); (H) an existing social service center facility known as the Bob Gilbertson Central City Family YMCA, located at 110 East Palm Avenue, Tampa, Florida 33602, including related facilities, fixtures, furnishings, and equipment ("Gilbertson Central City YMCA"); (I) an existing social service center facility known as the YMCA Camp Cristina, located at 9840 Balm Riverview Road, Riverview, Florida 33569, including related facilities, fixtures, furnishings, equipment ("YMCA Camp Cristina"); (J) an existing social service center facility known as the North Brandon Family YMCA, located at 3097 South Kingsway Road, Seffner, Florida 33584, including related facilities, fixtures, furnishings, equipment ("North Brandon Family YMCA"); and (K) an existing social service center facility known as the Spurlino Family YMCA at Big Bend Road, located at 9650 Old Big Bend Road, Riverview, Florida 33578, including related facilities, fixtures, furnishings, equipment ("Spurlino Family YMCA"). The Expansion Facilities consist primarily of the following: (A) a new approximately 48,500 square foot social service center facility and related facilities, fixtures and equipment, to be known as the Wesley Chapel Family YMCA, to be located at 4379 Wellbeing Way, Wesley Chapel, Florida 33544, including related facilities, fixtures, furnishings, equipment with proceeds of the Bonds in an amount not to exceed $40,000,000; (B) capital improvements at the existing Community Initiatives Building, located at 1905 N. Florida Avenue, Tampa, Florida 33602, which will ultimately become a new approximately 55,000 square foot social service facility, including related facilities, fixtures and equipment, to be known as the Tampa Heights Family YMCA, including related facilities, fixtures, furnishings, equipment with proceeds of the Bonds in an amount not to exceed $5,000,000; (C) capital improvements at the existing Campo Family YMCA, including related facilities, fixtures, furnishings, equipment; (D) capital improvements at the existing New Tampa Family YMCA, including related facilities, fixtures, furnishings, equipment; (E) capital improvements at the existing Plant City Family YMCA, including related facilities, fixtures, furnishings, equipment; (F) capital improvements at the existing Northwest Hillsborough Family YMCA, including related facilities, fixtures, furnishings, equipment; (G) capital improvements at the existing Jackson Springs YMCA, including related facilities, fixtures, furnishings, equipment; (H) capital improvements at the existing Bob Sierra Family YMCA, including related facilities, fixtures, furnishings, equipment; (I) capital improvements at the existing South Tampa Family YMCA, including related facilities, fixtures, furnishings, equipment; (J) capital improvements at the existing Gilbertson Central City YMCA, including related facilities, fixtures, furnishings, equipment; (K) capital improvements at the existing YMCA Camp Cristina, including related facilities, fixtures, furnishings, equipment; (L) capital improvements at the existing North Brandon Family YMCA, including related facilities, fixtures, furnishings, equipment; (M) capital improvements at the existing Spurlino Family YMCA, including related facilities, fixtures, furnishings, equipment; (N) capital improvements at the existing Bob Sierra YMCA Youth & Family Center (Camp Sierra), located at 4015 Ragg Road, Tampa, Florida 33624 including related facilities, fixtures, furnishings, equipment; (O) capital improvements at the existing Dade City YMCA, located at 38035 Meridian Avenue, Dade City, Florida 33525, including related facilities, fixtures, furnishings, equipment; (P) capital improvements at the existing Downtown YMCA Wellness Center, located at 104 South Franklin Street, Tampa, Florida 33602, including related facilities, fixtures, furnishings, equipment; (Q) capital improvements at the existing East Pasco Family YMCA, located at 37301 Chapel Hill Loop, Zephyrhills, Florida 33542, including related facilities, fixtures, furnishings, equipment; (R) capital improvements at the existing West Park Village YMCA Express, located at 9878 West Linebaugh Avenue, Tampa, Florida 33626, including related facilities, fixtures, furnishings, equipment; (S) capital improvements at the existing Tampa Metropolitan Area YMCA Association Offices, located at 110 E. Oak Avenue, Tampa, Florida 33602, including related facilities, fixtures, furnishings, equipment. The plan of finance contemplates that the CTA will issue, in respect to the Project, not exceeding $52,200,000 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, Hillsborough County, Florida and Pasco 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.


	A copy of the agenda may be obtained by contacting: CONTACT THE HEARING OFFICER AT (850) 934-4046 AT LEAST 48 HOURS IN ADVANCE OF THE PUBLIC HEARING, EXCLUDING SATURDAY AND SUNDAY.

PRINT PUBLISH DATE:	3/24/2025 Vol. 51/57


REFERENCE MATERIALS:	No reference(s).

Under Florida law, E-mail addresses are public records. If you do not want your E-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.

Overview