(401) 831-3770

Financing Facilities for a Better Future

Notice of Public Hearing

Trinity Academy for the Performing Arts

           NOTICE OF PUBLIC HEARING TO BE HELD BY THE RHODE ISLAND HEALTH AND EDUCATIONAL BUILDING CORPORATION CONCERNING THE FINANCING OF a PROJECT FOR TRINITY ACADEMY FOR THE PERFORMING ARTS IN PROVIDENCE, RHODE ISLAND.  Notice is hereby given that the Rhode Island Health and Educational Building Corporation (the “Corporation”) will hold a public hearing on April 10, 2019 at 10:00 a.m. at 55 Dorrance Street, Suite 300, Providence, Rhode Island.  If the Corporation’s offices are closed on April 10, 2019 due to unforeseen circumstances, including adverse weather conditions, the public hearing will be held on the next business day on which the Corporation’s offices are open at the same time and location. The purpose of the hearing will be to consider the issuance of qualified 501(c)(3) bonds, as defined in Section 145 of the Internal Revenue Code of 1986, as amended (the “Code”), by the Corporation in a maximum aggregate principal amount not to exceed $6,500,000 (the “Bonds”) for a project to be owned and operated by the Trinity Academy for the Performing Arts (the “Institution”), a Rhode Island nonprofit corporation and independent charter public school operating under a charter granted by the Rhode Island Council on Elementary and Secondary Education.  The proceeds of the Bonds will be used as part of a plan of financing to finance (a) the acquisition, renovation, improvement, furnishing and equipping of an existing 5-story facility located at 275 Westminster Street, Providence, Rhode Island, comprising approximately 40,040 square feet in total building area on approximately 0.18 acres, for use by the Institution as a charter school, and (b) costs of issuance of the Bonds.  The owner and/or operator of the facilities to be financed with the proceeds of the Bonds will be the Institution.  Neither the State of Rhode Island and Providence Plantations nor the Corporation is obligated to pay the principal or redemption price of or interest on the Bonds and neither the faith and credit nor the taxing power of the State of Rhode Island and Providence Plantations or any municipality or political subdivision thereof is pledged to the payment of the Bonds.  The Corporation does not have taxing power.  Interested persons are invited to offer comments and ask questions with regard to the issuance of the above-referenced Bonds and the location and nature of the facilities to be financed and refinanced therewith.  The Corporation is accessible to the handicapped.  Those requesting interpreter services for the hearing impaired must notify the Corporation (401-831-3770) at least 48 hours in advance of the hearing. 

Kimberly W. Mooers

Executive Director and Hearing Officer

Rhode Island Health and Educational Building Corporation